Jones Financial Companies Lllp Buys 7,643 Shares of Adient plc (NYSE:ADNT)

Jones Financial Companies Lllp lifted its stake in shares of Adient plc (NYSE:ADNT) by 110.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,543 shares of the company’s stock after purchasing an additional 7,643 shares during the quarter. Jones Financial Companies Lllp’s holdings in Adient were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE boosted its stake in shares of Adient by 583.8% in the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock valued at $42,000 after purchasing an additional 1,588 shares during the last quarter. Principal Financial Group Inc. lifted its position in Adient by 36.5% in the 3rd quarter. Principal Financial Group Inc. now owns 411,199 shares of the company’s stock valued at $9,281,000 after acquiring an additional 109,850 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Adient by 30.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 89,552 shares of the company’s stock valued at $2,021,000 after purchasing an additional 20,745 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Adient by 8.4% during the third quarter. Victory Capital Management Inc. now owns 20,977 shares of the company’s stock valued at $473,000 after purchasing an additional 1,633 shares in the last quarter. Finally, MQS Management LLC bought a new position in shares of Adient during the 3rd quarter worth approximately $278,000. Institutional investors own 92.44% of the company’s stock.

Adient Trading Down 2.2 %

Shares of NYSE:ADNT opened at $14.02 on Thursday. 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 has a market capitalization of $1.18 billion, a PE ratio of 700.75, a PEG ratio of 0.34 and a beta of 2.27. The business has a 50 day moving average of $16.71 and a two-hundred day moving average of $19.15. Adient plc has a 12-month low of $13.64 and a 12-month high of $35.05.

Adient (NYSE:ADNT) last posted its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same quarter last year, the company posted $0.31 earnings per share. As a group, analysts forecast that Adient plc will post 1.76 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Bank of America lowered shares of Adient from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $24.00 to $18.00 in a research report on Tuesday, March 4th. Morgan Stanley reduced their target price on Adient from $19.00 to $17.00 and set an “underweight” rating on the stock in a research note on Monday, March 3rd. UBS Group increased their target price on shares of Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Barclays cut their target price on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Finally, 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 research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.88.

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.