GSA Capital Partners LLP Makes New Investment in Adient plc (NYSE:ADNT)

GSA Capital Partners LLP bought a new stake in shares of Adient plc (NYSE:ADNT - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 125,985 shares of the company's stock, valued at approximately $2,843,000. GSA Capital Partners LLP owned about 0.14% of Adient as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sei Investments Co. raised its holdings in Adient by 1.3% during the 1st quarter. Sei Investments Co. now owns 51,206 shares of the company's stock valued at $1,686,000 after buying an additional 643 shares during the period. Headlands Technologies LLC purchased a new stake in Adient during the 1st quarter valued at $159,000. ProShare Advisors LLC raised its holdings in Adient by 2.0% during the 1st quarter. ProShare Advisors LLC now owns 20,885 shares of the company's stock valued at $688,000 after buying an additional 417 shares during the period. William Blair Investment Management LLC raised its holdings in Adient by 10.7% during the 1st quarter. William Blair Investment Management LLC now owns 835,918 shares of the company's stock valued at $27,518,000 after buying an additional 80,932 shares during the period. Finally, Entropy Technologies LP increased its stake in Adient by 46.2% in the first quarter. Entropy Technologies LP now owns 11,123 shares of the company's stock worth $366,000 after purchasing an additional 3,515 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on Adient from $31.00 to $27.00 and set a "neutral" rating on the stock in a research note on Thursday, August 8th. Wolfe Research assumed coverage on Adient in a research note on Thursday, September 5th. They issued a "peer perform" rating on the stock. StockNews.com upgraded Adient from a "hold" rating to a "buy" rating in a research note on Monday. Bank of America reduced their target price on Adient from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Finally, Morgan Stanley reduced their target price on Adient from $32.00 to $21.00 and set an "underweight" rating on the stock in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Adient has an average rating of "Hold" and an average price target of $25.38.

Adient Stock Down 1.2 %

Shares of Adient stock traded down $0.26 during trading on Tuesday, hitting $20.89. 1,484,116 shares of the stock traded hands, compared to its average volume of 1,234,266. The firm has a market cap of $1.82 billion, a P/E ratio of 90.83, a price-to-earnings-growth ratio of 0.40 and a beta of 2.18. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08. Adient plc has a 52-week low of $19.30 and a 52-week high of $37.19. The stock's fifty day simple moving average is $21.40 and its 200 day simple moving average is $24.00.

Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.12. Adient had a return on equity of 6.34% and a net margin of 0.50%. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the company earned $0.51 earnings per share. The firm's revenue for the quarter was down 3.7% compared to the same quarter last year. On average, equities analysts predict that Adient plc will post 2.67 earnings per share for the current fiscal 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.