Susquehanna Fundamental Investments LLC Grows Position in Adient plc (NYSE:ADNT)

Susquehanna Fundamental Investments LLC raised its stake in shares of Adient plc (NYSE:ADNT - Free Report) by 85.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 152,940 shares of the company's stock after acquiring an additional 70,611 shares during the period. Susquehanna Fundamental Investments LLC owned approximately 0.17% of Adient worth $3,779,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. CWM LLC increased its stake in shares of Adient by 44.5% in the 2nd quarter. CWM LLC now owns 1,439 shares of the company's stock worth $36,000 after purchasing an additional 443 shares in the last quarter. Covestor Ltd boosted its position in shares of Adient by 201.5% in the first quarter. Covestor Ltd now owns 3,307 shares of the company's stock worth $109,000 after purchasing an additional 2,210 shares during the period. Lazard Asset Management LLC bought a new position in shares of Adient in the first quarter worth approximately $135,000. Headlands Technologies LLC purchased a new stake in shares of Adient in the first quarter worth $159,000. Finally, Verdence Capital Advisors LLC raised its position in shares of Adient by 6.4% during the 1st quarter. Verdence Capital Advisors LLC now owns 8,342 shares of the company's stock valued at $275,000 after purchasing an additional 501 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ADNT. BNP Paribas upgraded Adient from an "underperform" rating to a "neutral" rating and set a $26.00 target price for the company in a research report on Monday, July 1st. Barclays reduced their price objective on shares of Adient from $29.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 8th. UBS Group cut their price target on Adient from $27.00 to $24.00 and set a "neutral" rating for the company in a report on Wednesday, August 7th. JPMorgan Chase & Co. dropped their price target on Adient from $31.00 to $27.00 and set a "neutral" rating for the company in a research report on Thursday, August 8th. Finally, Bank of America cut their price objective on shares of Adient from $42.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, July 22nd. One 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. Based on data from MarketBeat, Adient presently has an average rating of "Hold" and a consensus target price of $26.63.

Adient Stock Down 4.8 %

ADNT stock traded down $1.13 during mid-day trading on Monday, reaching $22.57. The company had a trading volume of 1,072,780 shares, compared to its average volume of 1,265,304. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 0.59 and a beta of 2.16. The firm has a fifty day simple moving average of $22.43 and a 200 day simple moving average of $26.23. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 1.08. Adient plc has a fifty-two week low of $19.40 and a fifty-two week high of $37.19.

Adient (NYSE:ADNT - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.30). The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.82 billion. Adient had a net margin of 0.50% and a return on equity of 6.34%. The company's revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. Analysts forecast that Adient plc will post 1.77 earnings per share 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.