Trexquant Investment LP increased its stake in Adient plc (NYSE:ADNT - Free Report) by 169.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 553,413 shares of the company's stock after buying an additional 347,695 shares during the quarter. Trexquant Investment LP owned approximately 0.66% of Adient worth $9,535,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in ADNT. Pzena Investment Management LLC raised its stake in Adient by 28.5% in the fourth quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company's stock valued at $62,535,000 after buying an additional 803,961 shares during the period. BNP Paribas Financial Markets raised its stake in Adient by 144.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 210,477 shares of the company's stock valued at $4,750,000 after acquiring an additional 124,539 shares during the period. Quantbot Technologies LP lifted its holdings in Adient by 263.6% during the 4th quarter. Quantbot Technologies LP now owns 80,294 shares of the company's stock valued at $1,383,000 after purchasing an additional 58,209 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Adient by 36.5% during the 3rd quarter. Principal Financial Group Inc. now owns 411,199 shares of the company's stock valued at $9,281,000 after purchasing an additional 109,850 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in Adient by 6,924.2% during the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock worth $40,000 after purchasing an additional 2,285 shares during the period. 92.44% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on ADNT shares. Morgan Stanley cut their target price on shares of Adient from $19.00 to $17.00 and set an "underweight" rating for the company in a research note on Monday, March 3rd. UBS Group boosted their price objective on Adient from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on Adient from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company cut Adient from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $27.00 to $20.00 in a report on Monday, December 16th. Finally, StockNews.com upgraded Adient from a "hold" rating to a "buy" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Adient currently has a consensus rating of "Hold" and a consensus target price of $20.88.
Read Our Latest Stock Report on ADNT
Adient Price Performance
Shares of NYSE:ADNT traded down $0.37 during trading on Friday, reaching $11.60. 2,265,856 shares of the company traded hands, compared to its average volume of 1,373,929. The firm has a market capitalization of $973.62 million, a PE ratio of 580.00, a PEG ratio of 0.34 and a beta of 1.97. Adient plc has a 52 week low of $10.74 and a 52 week high of $31.85. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11. The company's 50 day moving average is $15.60 and its two-hundred day moving average is $18.27.
Adient (NYSE:ADNT - Get Free Report) last posted 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 positive return on equity of 6.94% and a negative net margin of 0.01%. During the same quarter in the prior year, the firm posted $0.31 EPS. As a group, sell-side analysts predict that Adient plc will post 1.76 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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