Intech Investment Management LLC purchased a new position in Adient plc (NYSE:ADNT - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,144 shares of the company's stock, valued at approximately $725,000.
Other hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in shares of Adient in the 1st quarter worth approximately $135,000. Price T Rowe Associates Inc. MD raised its stake in shares of Adient by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,647 shares of the company's stock valued at $1,865,000 after acquiring an additional 2,687 shares during the period. Boston Partners lifted its holdings in shares of Adient by 12.2% in the 1st quarter. Boston Partners now owns 19,661 shares of the company's stock worth $647,000 after acquiring an additional 2,139 shares during the last quarter. First Hawaiian Bank boosted its stake in shares of Adient by 68.6% during the 2nd quarter. First Hawaiian Bank now owns 39,744 shares of the company's stock worth $982,000 after purchasing an additional 16,170 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in Adient by 356.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 83,293 shares of the company's stock valued at $2,058,000 after purchasing an additional 65,055 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.
Adient Stock Down 0.2 %
Adient stock traded down $0.03 during trading hours on Friday, reaching $19.23. The stock had a trading volume of 532,860 shares, compared to its average volume of 1,233,086. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 83.61, a PEG ratio of 0.32 and a beta of 2.18. The business's 50 day moving average price is $20.95 and its 200-day moving average price is $23.17. Adient plc has a 52 week low of $18.53 and a 52 week high of $37.19. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.90.
Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.12. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.47 billion. Adient had a net margin of 0.12% and a return on equity of 6.86%. The company's quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. Sell-side analysts anticipate that Adient plc will post 2.04 EPS for the current year.
Analysts Set New Price Targets
Several brokerages have issued reports on ADNT. Barclays dropped their target price on Adient from $29.00 to $24.00 and set an "equal weight" rating for the company in a research report on Thursday, August 8th. Wolfe Research initiated coverage on Adient in a research note on Thursday, September 5th. They issued a "peer perform" rating 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. 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. Finally, UBS Group lowered their target price on Adient from $27.00 to $24.00 and set a "neutral" rating for the company in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Adient has an average rating of "Hold" and a consensus price target of $24.38.
Check Out Our Latest Report on Adient
About Adient
(
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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