UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Adient plc (NYSE:ADNT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Adient plc (NYSE:ADNT - Free Report) by 66.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,461 shares of the company's stock after purchasing an additional 71,651 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Adient worth $4,050,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ADNT. Susquehanna Fundamental Investments LLC grew its position in shares of Adient by 85.8% in the second quarter. Susquehanna Fundamental Investments LLC now owns 152,940 shares of the company's stock valued at $3,779,000 after purchasing an additional 70,611 shares during the last quarter. HITE Hedge Asset Management LLC boosted its stake in Adient by 125.3% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 512,703 shares of the company's stock valued at $12,669,000 after purchasing an additional 285,104 shares during the period. Bordeaux Wealth Advisors LLC acquired a new stake in Adient in the 2nd quarter valued at approximately $895,000. Magnetar Financial LLC increased its position in Adient by 30.1% in the 2nd quarter. Magnetar Financial LLC now owns 108,535 shares of the company's stock worth $2,682,000 after buying an additional 25,119 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Adient by 144.9% during the third quarter. BNP Paribas Financial Markets now owns 210,477 shares of the company's stock worth $4,750,000 after buying an additional 124,539 shares during the last quarter. Institutional investors own 92.44% of the company's stock.

Adient Stock Down 0.6 %

Shares of Adient stock traded down $0.11 during trading on Friday, reaching $18.96. 720,329 shares of the company traded hands, compared to its average volume of 1,223,112. The firm has a market capitalization of $1.61 billion, a PE ratio of 82.93, a P/E/G ratio of 0.32 and a beta of 2.15. The company has a 50 day moving average price of $20.45 and a 200-day moving average price of $22.66. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.90. Adient plc has a 1-year low of $18.53 and a 1-year high of $37.19.

Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.12. The firm had revenue of $3.56 billion during the quarter, compared to analysts' expectations of $3.47 billion. Adient had a net margin of 0.12% and a return on equity of 6.86%. The business's revenue was down 3.7% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. As a group, equities research analysts expect that Adient plc will post 2.04 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP James Conklin sold 11,500 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total value of $232,875.00. Following the transaction, the executive vice president now owns 51,829 shares in the company, valued at approximately $1,049,537.25. This represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on ADNT shares. StockNews.com upgraded shares of Adient from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Wells Fargo & Company lowered their price target on Adient from $29.00 to $27.00 and set an "overweight" rating on the stock in a research report on Friday, September 20th. Wolfe Research began coverage on Adient in a report on Thursday, September 5th. They set a "peer perform" rating for the company. Morgan Stanley lowered their target price on shares of Adient from $21.00 to $19.00 and set an "underweight" rating on the stock in a report on Thursday, November 14th. Finally, Bank of America downgraded shares of Adient from a "buy" rating to a "neutral" rating and cut their price target for the company from $30.00 to $24.00 in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $24.38.

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.