Xponance Inc. Increases Position in Adient plc (NYSE:ADNT)

Xponance Inc. raised its position in shares of Adient plc (NYSE:ADNT) by 17.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,992 shares of the company’s stock after buying 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 & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ADNT. R Squared Ltd acquired a new stake in Adient during the 4th quarter worth approximately $32,000. Versant Capital Management Inc increased its position 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 acquiring an additional 1,857 shares during the period. IFP Advisors Inc raised its stake in shares of Adient by 6,924.2% in the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock valued at $40,000 after acquiring an additional 2,285 shares in the last quarter. KBC Group NV boosted its holdings in Adient by 62.3% in the fourth 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 period. Finally, Verition Fund Management LLC acquired a new position in Adient during the 3rd quarter worth $316,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company cut Adient from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $27.00 to $20.00 in a research note on Monday, December 16th. Bank of America downgraded shares of Adient from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $24.00 to $18.00 in a research note on Tuesday, March 4th. Morgan Stanley dropped their price objective on shares of Adient from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. decreased their price objective 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. Finally, StockNews.com lowered Adient from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to 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 ADNT opened at $13.53 on Friday. 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 plc has a 1-year low of $13.34 and a 1-year high of $33.74. The stock has a market cap of $1.14 billion, a PE ratio of 676.25, a price-to-earnings-growth ratio of 0.34 and a beta of 2.27. The firm has a fifty day moving average price of $16.04 and a 200 day moving average price of $18.55.

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 negative net margin of 0.01% and a positive return on equity of 6.94%. During the same period last year, the firm earned $0.31 earnings per share. As a group, sell-side analysts anticipate that Adient plc will post 1.76 EPS for the current year.

Adient 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.