Charles Schwab Investment Management Inc. increased its stake in Adient plc (NYSE:ADNT - Free Report) by 13.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,091,272 shares of the company's stock after purchasing an additional 127,826 shares during the period. Charles Schwab Investment Management Inc. owned 1.30% of Adient worth $18,803,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. KBC Group NV lifted its holdings in shares of Adient by 51.8% in the 3rd quarter. KBC Group NV now owns 3,328 shares of the company's stock worth $75,000 after purchasing an additional 1,136 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Adient by 8.4% in the 3rd quarter. Victory Capital Management Inc. now owns 20,977 shares of the company's stock worth $473,000 after purchasing an additional 1,633 shares during the last quarter. R Squared Ltd bought a new stake in Adient during the 4th quarter valued at $32,000. Versant Capital Management Inc raised its stake in Adient by 10,316.7% during the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company's stock valued at $32,000 after acquiring an additional 1,857 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in Adient by 6,924.2% during the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock valued at $40,000 after acquiring an additional 2,285 shares in the last quarter. Institutional investors own 92.44% of the company's stock.
Adient Price Performance
Shares of ADNT stock traded up $0.06 during mid-day trading on Friday, hitting $13.92. 10,041,502 shares of the stock traded hands, compared to its average volume of 1,247,708. Adient plc has a twelve month low of $13.34 and a twelve month high of $33.74. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 695.75, a price-to-earnings-growth ratio of 0.34 and a beta of 2.27. The company's 50-day simple moving average is $16.28 and its 200-day simple moving average is $18.73. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08.
Adient (NYSE:ADNT - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same period last year, the firm earned $0.31 earnings per share. As a group, equities research analysts expect that Adient plc will post 1.76 earnings per share for the current year.
Wall Street Analyst Weigh In
ADNT has been the topic of several recent analyst reports. Bank of America downgraded Adient from a "neutral" rating to an "underperform" rating and cut their target price for the company from $24.00 to $18.00 in a research note on Tuesday, March 4th. Morgan Stanley cut their target price on Adient from $19.00 to $17.00 and set an "underweight" rating on the stock in a research note on Monday, March 3rd. Wells Fargo & Company downgraded Adient from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $27.00 to $20.00 in a research note on Monday, December 16th. Barclays cut their target price on Adient from $24.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. Finally, StockNews.com downgraded Adient from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $20.88.
Check Out Our Latest Stock Analysis on ADNT
Adient Profile
(
Free Report)
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.
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