Oarsman Capital Inc. Has $51,000 Position in Adient plc (NYSE:ADNT)

Oarsman Capital Inc. grew its stake in shares of Adient plc (NYSE:ADNT) by 98.7% during the 4th quarter, HoldingsChannel reports. The fund owned 2,966 shares of the company’s stock after acquiring an additional 1,473 shares during the period. Oarsman Capital Inc.’s holdings in Adient were worth $51,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. R Squared Ltd bought a new position in Adient during the fourth quarter valued at approximately $32,000. Versant Capital Management Inc increased its stake in shares of Adient by 10,316.7% during the 4th 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. IFP Advisors Inc raised its holdings in shares of Adient by 6,924.2% during the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock valued at $40,000 after purchasing an additional 2,285 shares in the last quarter. KBC Group NV lifted its stake in shares of Adient by 62.3% in the 4th quarter. KBC Group NV now owns 5,402 shares of the company’s stock valued at $93,000 after purchasing an additional 2,074 shares during the last quarter. Finally, LPL Financial LLC bought a new stake in Adient in the fourth quarter worth $216,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on ADNT. JPMorgan Chase & Co. cut their target price on Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Bank of America lowered Adient from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $24.00 to $18.00 in a report on Tuesday, March 4th. Wells Fargo & Company downgraded Adient from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $27.00 to $20.00 in a report on Monday, December 16th. Morgan Stanley reduced their price objective 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. Finally, UBS Group raised their target price on shares of Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Adient presently has an average rating of “Hold” and a consensus price target of $20.88.

Adient Stock Down 3.1 %

Shares of ADNT opened at $11.60 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08. The company has a 50-day simple moving average of $15.49 and a 200-day simple moving average of $18.16. Adient plc has a 52 week low of $10.71 and a 52 week high of $31.85. The firm has a market capitalization of $973.62 million, a P/E ratio of 580.00, a P/E/G ratio of 0.34 and a beta of 1.97.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 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 prior year, the company posted $0.31 earnings per share. On average, equities research analysts expect that Adient plc will post 1.76 earnings per share for the current year.

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.