Bridgeway Capital Management LLC Has $9.39 Million Holdings in Adient plc (NYSE:ADNT)

Bridgeway Capital Management LLC increased its position in shares of Adient plc (NYSE:ADNT) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 544,891 shares of the company’s stock after buying an additional 15,109 shares during the period. Bridgeway Capital Management LLC owned 0.65% of Adient worth $9,388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADNT. Covestor Ltd raised its holdings in shares of Adient by 10.6% in the 4th quarter. Covestor Ltd now owns 6,062 shares of the company’s stock valued at $104,000 after purchasing an additional 580 shares during the period. Mariner LLC raised its stake in Adient by 8.6% in the fourth quarter. Mariner LLC now owns 10,157 shares of the company’s stock valued at $175,000 after buying an additional 801 shares during the period. Oarsman Capital Inc. lifted its position in shares of Adient by 98.7% in the fourth quarter. Oarsman Capital Inc. now owns 2,966 shares of the company’s stock valued at $51,000 after buying an additional 1,473 shares during the last quarter. R Squared Ltd bought a new position in shares of Adient during the 4th quarter worth approximately $32,000. Finally, Versant Capital Management Inc increased its holdings 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 acquiring an additional 1,857 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

ADNT has been the subject of a number of research analyst reports. Bank of America cut shares of Adient from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $24.00 to $18.00 in a research report on Tuesday, March 4th. Morgan Stanley decreased their price target on shares of Adient from $19.00 to $17.00 and set an “underweight” rating on the stock in a research note on Monday, March 3rd. StockNews.com upgraded Adient from a “hold” rating to a “buy” rating in a report on Saturday, April 26th. Citigroup started coverage on Adient in a research note on Wednesday, April 23rd. They set a “neutral” rating and a $14.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their price target on Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Adient currently has a consensus rating of “Hold” and an average price target of $18.44.

Adient Price Performance

Shares of NYSE:ADNT opened at $12.61 on Wednesday. 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 stock has a market capitalization of $1.06 billion, a PE ratio of 630.30, a PEG ratio of 0.34 and a beta of 1.60. The firm has a 50 day moving average of $12.90 and a 200-day moving average of $16.48. Adient plc has a 12 month low of $10.04 and a 12 month high of $30.29.

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.