Russell Investments Group Ltd. grew its stake in shares of Adient plc (NYSE:ADNT - Free Report) by 61.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 67,353 shares of the company's stock after purchasing an additional 25,524 shares during the period. Russell Investments Group Ltd. owned about 0.08% of Adient worth $1,160,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of ADNT. Wells Fargo & Company MN grew its position in Adient by 14.3% in the 4th quarter. Wells Fargo & Company MN now owns 62,877 shares of the company's stock worth $1,083,000 after purchasing an additional 7,881 shares in the last quarter. Oarsman Capital Inc. grew its holdings in shares of Adient by 98.7% in the fourth quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock valued at $51,000 after acquiring an additional 1,473 shares in the last quarter. Trexquant Investment LP increased its position in shares of Adient by 169.0% during the fourth quarter. Trexquant Investment LP now owns 553,413 shares of the company's stock valued at $9,535,000 after acquiring an additional 347,695 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Adient during the fourth quarter worth $11,395,000. Finally, JPMorgan Chase & Co. lifted its holdings in Adient by 96.5% during the fourth quarter. JPMorgan Chase & Co. now owns 802,540 shares of the company's stock worth $13,828,000 after acquiring an additional 394,111 shares during the period. Institutional investors own 92.44% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Citigroup started coverage on Adient in a research report on Wednesday. They set a "neutral" rating and a $14.00 target price for the company. UBS Group decreased their price objective on shares of Adient from $20.00 to $13.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. StockNews.com cut shares of Adient from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Bank of America lowered shares of Adient from a "neutral" rating to an "underperform" rating and decreased their price target for the stock from $24.00 to $18.00 in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. cut their price target on Adient from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $18.44.
View Our Latest Report on ADNT
Adient Price Performance
Shares of Adient stock traded up $0.57 on Thursday, reaching $12.77. The stock had a trading volume of 588,753 shares, compared to its average volume of 1,397,825. The business's 50 day moving average is $13.67 and its two-hundred day moving average is $17.08. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. Adient plc has a 1 year low of $10.04 and a 1 year high of $31.19. The company has a market cap of $1.07 billion, a P/E ratio of 639.55, a price-to-earnings-growth ratio of 0.34 and a beta of 1.97.
Adient (NYSE:ADNT - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same quarter in the previous year, the firm earned $0.31 earnings per share. As a group, research analysts anticipate that Adient plc will post 1.76 EPS 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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