Quantbot Technologies LP Raises Stock Holdings in Adient plc (NYSE:ADNT)

Quantbot Technologies LP increased its stake in shares of Adient plc (NYSE:ADNT) by 263.6% in the fourth quarter, HoldingsChannel reports. The firm owned 80,294 shares of the company’s stock after buying an additional 58,209 shares during the quarter. Quantbot Technologies LP’s holdings in Adient were worth $1,383,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in shares of Adient by 10,316.7% during the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock worth $32,000 after purchasing an additional 1,857 shares during the last quarter. R Squared Ltd acquired a new stake in Adient in the 4th quarter worth about $32,000. IFP Advisors Inc grew its holdings in Adient by 6,924.2% in the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock valued at $40,000 after buying an additional 2,285 shares during the period. KBC Group NV increased its stake in shares of Adient by 62.3% during the 4th quarter. KBC Group NV now owns 5,402 shares of the company’s stock valued at $93,000 after acquiring an additional 2,074 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Adient by 110.8% during the 4th quarter. Jones Financial Companies Lllp now owns 14,543 shares of the company’s stock worth $251,000 after acquiring an additional 7,643 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ADNT shares. JPMorgan Chase & Co. dropped their price target on shares of Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Barclays cut their target price on Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. UBS Group boosted their price target on Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com downgraded Adient from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Finally, Bank of America cut 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 report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.88.

Adient Price Performance

ADNT stock opened at $14.01 on Tuesday. The firm has a market cap of $1.18 billion, a P/E ratio of 700.25, a price-to-earnings-growth ratio of 0.34 and a beta of 2.27. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08. Adient plc has a 1 year low of $13.34 and a 1 year high of $33.74. The stock has a 50-day simple moving average of $16.21 and a 200-day simple moving average of $18.65.

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 period in the previous year, the business earned $0.31 EPS. On average, equities analysts predict that Adient plc will post 1.76 earnings per share for the current fiscal year.

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.