Adient plc (NYSE:ADNT) Shares Purchased by Xponance Inc.

Xponance Inc. boosted its stake in shares of Adient plc (NYSE:ADNT) by 17.1% in the fourth quarter, Holdings Channel reports. The fund owned 15,992 shares of the company’s stock after purchasing an additional 2,331 shares during the period. Xponance Inc.’s holdings in Adient were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Pzena Investment Management LLC lifted its holdings in shares of Adient by 28.5% during the fourth quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock worth $62,535,000 after purchasing an additional 803,961 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Adient by 9.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock worth $117,298,000 after acquiring an additional 442,200 shares during the period. Public Sector Pension Investment Board purchased a new stake in shares of Adient in the third quarter valued at about $4,175,000. State Street Corp increased its stake in shares of Adient by 4.8% during the third quarter. State Street Corp now owns 3,443,471 shares of the company’s stock worth $77,719,000 after acquiring an additional 158,017 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Adient by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,091,272 shares of the company’s stock worth $18,803,000 after purchasing an additional 127,826 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wells Fargo & Company cut Adient from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $27.00 to $20.00 in a research report on Monday, December 16th. Barclays dropped their price objective on Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their target price on Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Bank of America cut shares of Adient from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $24.00 to $18.00 in a research note on Tuesday, March 4th. Finally, UBS Group boosted their price objective on shares of Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.88.

Adient Price Performance

Shares of NYSE ADNT opened at $13.53 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. The company’s 50-day moving average price is $16.04 and its 200 day moving average price is $18.55. Adient plc has a 52 week low of $13.34 and a 52 week high of $33.74. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 676.25, a PEG ratio of 0.34 and a beta of 2.27.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 earnings per share 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 in the previous year, the firm earned $0.31 EPS. As a group, research analysts forecast 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.