Invesco Ltd. Purchases 254,951 Shares of Adient plc (NYSE:ADNT)

Invesco Ltd. boosted its position in shares of Adient plc (NYSE:ADNT) by 22.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,414,041 shares of the company’s stock after acquiring an additional 254,951 shares during the period. Invesco Ltd. owned 1.68% of Adient worth $24,364,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Adient during the 4th quarter worth about $32,000. Versant Capital Management Inc increased its position in Adient by 10,316.7% in the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock worth $32,000 after buying an additional 1,857 shares during the period. IFP Advisors Inc lifted its holdings in shares of 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 buying an additional 2,285 shares during the last quarter. Oarsman Capital Inc. boosted its position 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 during the period. Finally, KBC Group NV grew its stake in shares of Adient by 62.3% in the fourth quarter. KBC Group NV now owns 5,402 shares of the company’s stock worth $93,000 after acquiring an additional 2,074 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Adient Stock Performance

Adient stock opened at $11.44 on Friday. The firm has a market capitalization of $959.94 million, a P/E ratio of 571.85, a P/E/G ratio of 0.34 and a beta of 1.97. The stock has a fifty day moving average price of $13.98 and a two-hundred day moving average price of $17.29. Adient plc has a 52-week low of $10.04 and a 52-week high of $31.19. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86.

Adient (NYSE:ADNT) last announced its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the firm posted $0.31 EPS. As a group, analysts anticipate that Adient plc will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

ADNT has been the subject of several research analyst reports. UBS Group cut their target price on shares of Adient from $20.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Morgan Stanley cut their price objective on shares of Adient from $19.00 to $17.00 and set an “underweight” rating for the company in a research report on Monday, March 3rd. Bank of America downgraded Adient from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $24.00 to $18.00 in a research report on Tuesday, March 4th. StockNews.com cut Adient from a “buy” rating to a “hold” rating in a report on Friday. Finally, JPMorgan Chase & Co. decreased their price objective on Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Three research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, Adient currently has a consensus rating of “Hold” and a consensus price target of $19.00.

About Adient

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.