Holocene Advisors LP Has $3.90 Million Stock Position in Adient plc (NYSE:ADNT)

Holocene Advisors LP lifted its holdings in Adient plc (NYSE:ADNT - Free Report) by 48.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,661 shares of the company's stock after acquiring an additional 56,224 shares during the period. Holocene Advisors LP owned approximately 0.20% of Adient worth $3,897,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CWM LLC lifted its position in Adient by 44.5% during the 2nd quarter. CWM LLC now owns 1,439 shares of the company's stock worth $36,000 after acquiring an additional 443 shares in the last quarter. US Bancorp DE grew its holdings in Adient by 583.8% during the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company's stock valued at $42,000 after purchasing an additional 1,588 shares in the last quarter. Signaturefd LLC increased its stake in Adient by 493.8% during the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company's stock worth $49,000 after buying an additional 1,822 shares during the period. KBC Group NV lifted its holdings in 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 buying an additional 1,136 shares in the last quarter. Finally, Covestor Ltd boosted its position in 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 buying an additional 1,032 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

Insider Buying and Selling at Adient

In other news, EVP James Conklin sold 11,500 shares of Adient stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total value of $232,875.00. Following the transaction, the executive vice president now owns 51,829 shares of the company's stock, valued at $1,049,537.25. The trade was a 18.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ADNT has been the topic of a number of analyst reports. Wells Fargo & Company dropped their target price on Adient from $29.00 to $27.00 and set an "overweight" rating on the stock in a research report on Friday, September 20th. Bank of America lowered Adient from a "buy" rating to a "neutral" rating and cut their target price for the company from $30.00 to $24.00 in a research report on Thursday, November 21st. Morgan Stanley decreased their price target on shares of Adient from $21.00 to $19.00 and set an "underweight" rating for the company in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $24.00 price target on shares of Adient in a report on Tuesday, September 10th. Finally, Barclays decreased their price objective on shares of Adient from $29.00 to $24.00 and set an "equal weight" rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $24.38.

Adient Stock Performance

Shares of ADNT traded down $0.21 during midday trading on Friday, hitting $19.28. 1,169,953 shares of the stock traded hands, compared to its average volume of 1,231,657. The business's 50 day moving average price is $20.76 and its two-hundred day moving average price is $22.95. The firm has a market capitalization of $1.64 billion, a PE ratio of 84.74, a price-to-earnings-growth ratio of 0.33 and a beta of 2.15. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.11. Adient plc has a 1-year low of $18.53 and a 1-year high of $37.19.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.68 EPS for the quarter, beating 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 company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the business earned $0.51 earnings per share. Adient's revenue was down 3.7% compared to the same quarter last year. Equities research analysts predict that Adient plc will post 2.04 EPS for the current fiscal 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.