Adient plc (NYSE:ADNT) Stock Holdings Boosted by Oarsman Capital Inc.

Oarsman Capital Inc. increased its position in Adient plc (NYSE:ADNT) by 98.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ADNT. R Squared Ltd bought a new position in shares of Adient in the fourth quarter worth $32,000. Versant Capital Management Inc lifted its holdings in Adient by 10,316.7% in 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 period. KBC Group NV grew its position in 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 buying an additional 2,074 shares in the last quarter. IFP Advisors Inc increased its stake in 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 buying an additional 2,285 shares during the period. Finally, Xponance Inc. raised its position in shares of Adient by 17.1% during the 4th quarter. Xponance Inc. now owns 15,992 shares of the company’s stock worth $276,000 after buying an additional 2,331 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on ADNT. StockNews.com upgraded shares of Adient from a “hold” rating to a “buy” rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. dropped their price objective on Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company cut Adient from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $27.00 to $20.00 in a research note on Monday, December 16th. Barclays dropped their price target on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Finally, 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 report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Adient currently has a consensus rating of “Hold” and a consensus price target of $20.88.

Adient Price Performance

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

Adient (NYSE:ADNT) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 EPS 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 in the previous year, the company posted $0.31 earnings per share. On average, analysts forecast 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.