Harbor Capital Advisors Inc. boosted its holdings in Adient plc (NYSE:ADNT - Free Report) by 147.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,858 shares of the company's stock after acquiring an additional 122,565 shares during the quarter. Harbor Capital Advisors Inc. owned 0.23% of Adient worth $4,646,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. D. E. Shaw & Co. Inc. boosted its stake in shares of Adient by 86.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,133,901 shares of the company's stock worth $28,019,000 after acquiring an additional 525,280 shares in the last quarter. HITE Hedge Asset Management LLC boosted its stake in shares of Adient by 125.3% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 512,703 shares of the company's stock worth $12,669,000 after acquiring an additional 285,104 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Adient by 9.9% during the 4th quarter. Vanguard Group Inc. now owns 2,732,345 shares of the company's stock worth $99,348,000 after acquiring an additional 246,038 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Adient by 48.5% during the 1st quarter. Janus Henderson Group PLC now owns 697,303 shares of the company's stock worth $22,955,000 after acquiring an additional 227,810 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its stake in shares of Adient by 8.9% during the 1st quarter. Pzena Investment Management LLC now owns 1,978,961 shares of the company's stock worth $65,147,000 after acquiring an additional 161,579 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts recently issued reports on ADNT shares. Bank of America reduced their price objective on Adient from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Morgan Stanley reduced their price objective on Adient from $32.00 to $21.00 and set an "underweight" rating for the company in a research report on Wednesday, August 14th. UBS Group cut their target price on Adient from $27.00 to $24.00 and set a "neutral" rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. cut their target price on Adient from $31.00 to $27.00 and set a "neutral" rating on the stock in a report on Thursday, August 8th. Finally, Barclays cut their target price on Adient from $29.00 to $24.00 and set an "equal weight" rating on the stock in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Adient presently has a consensus rating of "Hold" and an average price target of $25.38.
View Our Latest Stock Analysis on Adient
Adient Stock Performance
ADNT stock traded down $0.08 during mid-day trading on Monday, hitting $19.74. 1,097,883 shares of the company were exchanged, compared to its average volume of 1,212,195. The business has a 50 day simple moving average of $21.70 and a 200-day simple moving average of $24.44. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $1.72 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 0.38 and a beta of 2.18. Adient plc has a 1-year low of $19.40 and a 1-year high of $37.19.
Adient (NYSE:ADNT - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.30). Adient had a net margin of 0.50% and a return on equity of 6.34%. The business had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the prior year, the business posted $0.98 EPS. Adient's revenue for the quarter was down 8.4% on a year-over-year basis. On average, equities analysts forecast that Adient plc will post 1.73 earnings per share for the current year.
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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