BNP Paribas Financial Markets Boosts Stock Position in Adient plc (NYSE:ADNT)

BNP Paribas Financial Markets raised its holdings in Adient plc (NYSE:ADNT - Free Report) by 144.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 210,477 shares of the company's stock after purchasing an additional 124,539 shares during the period. BNP Paribas Financial Markets owned about 0.24% of Adient worth $4,750,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ADNT. Pacer Advisors Inc. grew its holdings in Adient by 38,074.9% in the third quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company's stock valued at $116,110,000 after purchasing an additional 5,130,969 shares during the period. Pzena Investment Management LLC grew its holdings in Adient by 45.0% in the third quarter. Pzena Investment Management LLC now owns 2,825,491 shares of the company's stock valued at $63,771,000 after purchasing an additional 877,142 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in Adient by 86.3% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,133,901 shares of the company's stock valued at $28,019,000 after purchasing an additional 525,280 shares during the period. Empowered Funds LLC acquired a new stake in Adient in the third quarter valued at approximately $6,653,000. Finally, HITE Hedge Asset Management LLC grew its holdings in Adient by 125.3% in the second quarter. HITE Hedge Asset Management LLC now owns 512,703 shares of the company's stock valued at $12,669,000 after purchasing an additional 285,104 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Adient Trading Up 1.5 %

Adient stock traded up $0.30 during trading on Wednesday, reaching $20.20. 244,696 shares of the company were exchanged, compared to its average volume of 1,229,242. Adient plc has a 52-week low of $18.53 and a 52-week high of $37.19. The company has a market capitalization of $1.71 billion, a P/E ratio of 86.52, a PEG ratio of 0.34 and a beta of 2.15. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.90. The stock's 50 day simple moving average is $20.86 and its two-hundred day simple moving average is $23.00.

Adient (NYSE:ADNT - Get Free Report) last posted its earnings results on Friday, November 8th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.12. Adient had a return on equity of 6.86% and a net margin of 0.12%. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. The company's revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities research analysts expect that Adient plc will post 2.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ADNT. StockNews.com raised Adient from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Morgan Stanley lowered their price target on Adient from $21.00 to $19.00 and set an "underweight" rating on the stock in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $24.00 price target on shares of Adient in a research note on Tuesday, September 10th. Bank of America lowered Adient from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $30.00 to $24.00 in a research note on Thursday, November 21st. Finally, Wolfe Research began coverage on Adient in a research note on Thursday, September 5th. They issued a "peer perform" rating on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $24.38.

About Adient

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.