Arrowstreet Capital Limited Partnership Invests $11.40 Million in Adient plc (NYSE:ADNT)

Arrowstreet Capital Limited Partnership bought a new position in Adient plc (NYSE:ADNT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 661,334 shares of the company's stock, valued at approximately $11,395,000. Arrowstreet Capital Limited Partnership owned 0.79% of Adient at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ADNT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Adient by 66.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,461 shares of the company's stock worth $4,050,000 after acquiring an additional 71,651 shares during the period. Verition Fund Management LLC bought a new position in shares of Adient during the 3rd quarter worth about $316,000. Centiva Capital LP bought a new position in shares of Adient during the 3rd quarter worth about $440,000. State Street Corp increased its holdings in shares of Adient by 4.8% during the 3rd quarter. State Street Corp now owns 3,443,471 shares of the company's stock worth $77,719,000 after purchasing an additional 158,017 shares during the period. Finally, Barclays PLC increased its holdings in shares of Adient by 127.0% during the 3rd quarter. Barclays PLC now owns 208,239 shares of the company's stock worth $4,701,000 after purchasing an additional 116,518 shares during the period. Institutional investors own 92.44% of the company's stock.

Wall Street Analysts Forecast Growth

ADNT has been the topic of several research reports. UBS Group boosted their price objective on shares of Adient from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Wells Fargo & Company downgraded shares of Adient from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $27.00 to $20.00 in a report on Monday, December 16th. JPMorgan Chase & Co. dropped their price objective on shares of Adient from $24.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Barclays dropped their price objective on shares of Adient from $24.00 to $21.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Finally, Bank of America lowered shares of Adient from a "neutral" rating to an "underperform" rating and decreased their target price for the company from $24.00 to $18.00 in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Adient currently has a consensus rating of "Hold" and a consensus target price of $20.88.

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Adient Price Performance

Shares of Adient stock traded down $1.04 during trading on Thursday, hitting $10.85. 184,817 shares of the company's stock traded hands, compared to its average volume of 1,380,212. The company has a market cap of $910.67 million, a PE ratio of 542.50, a PEG ratio of 0.34 and a beta of 1.97. Adient plc has a twelve month low of $10.04 and a twelve month high of $31.21. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86. The firm's fifty day moving average price is $14.81 and its 200 day moving average price is $17.83.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same quarter last year, the business earned $0.31 earnings per share. Analysts forecast that Adient plc will post 1.76 earnings per share for the current year.

Adient Company Profile

Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers.