Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Adient plc (NYSE:ADNT - Free Report) by 27.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 96,735 shares of the company's stock after acquiring an additional 20,720 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.12% of Adient worth $1,667,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. R Squared Ltd acquired a new stake in shares of Adient during the fourth quarter worth $32,000. Versant Capital Management Inc raised its holdings in Adient by 10,316.7% during the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company's stock worth $32,000 after buying an additional 1,857 shares during the period. KBC Group NV lifted its stake in Adient by 62.3% during the fourth quarter. KBC Group NV now owns 5,402 shares of the company's stock valued at $93,000 after buying an additional 2,074 shares in the last quarter. IFP Advisors Inc lifted its stake in Adient by 6,924.2% during the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock valued at $40,000 after buying an additional 2,285 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in shares of Adient by 17.1% in the fourth quarter. Xponance Inc. now owns 15,992 shares of the company's stock worth $276,000 after buying an additional 2,331 shares during the period. 92.44% of the stock is owned by institutional investors.
Adient Stock Down 3.1 %
Shares of ADNT traded down $0.37 during midday trading on Friday, reaching $11.60. 2,265,856 shares of the stock were exchanged, compared to its average volume of 1,371,903. The company has a market cap of $973.62 million, a price-to-earnings ratio of 580.00, a P/E/G ratio of 0.34 and a beta of 1.97. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11. Adient plc has a 12-month low of $10.74 and a 12-month high of $32.49. The firm has a 50 day simple moving average of $15.60 and a 200-day simple moving average of $18.27.
Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same quarter in the prior year, the business posted $0.31 EPS. Research analysts forecast that Adient plc will post 1.76 EPS for the current year.
Wall Street Analyst Weigh In
ADNT has been the subject of several research analyst reports. Morgan Stanley reduced their price target on shares of Adient from $19.00 to $17.00 and set an "underweight" rating for the company in a research report on Monday, March 3rd. Bank of America lowered Adient from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $24.00 to $18.00 in a report on Tuesday, March 4th. Wells Fargo & Company downgraded Adient from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $27.00 to $20.00 in a report on Monday, December 16th. StockNews.com raised Adient from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. decreased their price objective on Adient from $24.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Adient has an average rating of "Hold" and an average price target of $20.88.
View Our Latest Research Report on ADNT
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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