Citigroup Inc. Has $5.99 Million Position in Adient plc (NYSE:ADNT)

Citigroup Inc. raised its holdings in Adient plc (NYSE:ADNT - Free Report) by 30.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 265,534 shares of the company's stock after purchasing an additional 61,531 shares during the period. Citigroup Inc. owned about 0.30% of Adient worth $5,993,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ADNT. CWM LLC increased its holdings in Adient by 44.5% in the second quarter. CWM LLC now owns 1,439 shares of the company's stock valued at $36,000 after buying an additional 443 shares during the last quarter. SummerHaven Investment Management LLC grew its position in shares of Adient by 3.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 18,167 shares of the company's stock worth $449,000 after acquiring an additional 556 shares in the last quarter. Covestor Ltd increased its holdings in shares of Adient by 23.2% in the 3rd quarter. Covestor Ltd now owns 5,482 shares of the company's stock valued at $124,000 after acquiring an additional 1,032 shares during the last quarter. KBC Group NV raised its position in shares of Adient by 51.8% during the 3rd quarter. KBC Group NV now owns 3,328 shares of the company's stock valued at $75,000 after acquiring an additional 1,136 shares in the last quarter. Finally, US Bancorp DE lifted its stake in Adient by 583.8% during the third quarter. US Bancorp DE now owns 1,860 shares of the company's stock worth $42,000 after purchasing an additional 1,588 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Adient from $31.00 to $27.00 and set a "neutral" rating for the company in a research note on Thursday, August 8th. Bank of America lowered shares of 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 report on Thursday, November 21st. Barclays reduced their target price on shares of Adient from $29.00 to $24.00 and set an "equal weight" rating for the company in a research note on Thursday, August 8th. Wolfe Research assumed coverage on shares of Adient in a research note on Thursday, September 5th. They issued a "peer perform" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $24.00 price objective on shares of Adient in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Adient currently has a consensus rating of "Hold" and a consensus target price of $24.38.

Adient Price Performance

Shares of ADNT stock traded up $1.05 during mid-day trading on Monday, hitting $20.28. 1,511,479 shares of the stock traded hands, compared to its average volume of 1,234,285. Adient plc has a twelve month low of $18.53 and a twelve month high of $37.19. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.11. The company's 50-day simple moving average is $20.91 and its 200-day simple moving average is $23.06. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 88.17, a price-to-earnings-growth ratio of 0.32 and a beta of 2.18.

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

Adient 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.