Collar Capital Management LLC Invests $313,000 in Adient plc (NYSE:ADNT)

Collar Capital Management LLC acquired a new stake in shares of Adient plc (NYSE:ADNT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,155 shares of the company’s stock, valued at approximately $313,000.

Several other large investors have also bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Adient during the fourth quarter valued at approximately $32,000. Versant Capital Management Inc raised its stake in shares of 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 last quarter. 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 worth $40,000 after purchasing an additional 2,285 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Adient by 803.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,738 shares of the company’s stock valued at $47,000 after purchasing an additional 2,435 shares in the last quarter. Finally, Oarsman Capital Inc. raised its position in Adient by 98.7% in the 4th quarter. Oarsman Capital Inc. now owns 2,966 shares of the company’s stock worth $51,000 after buying an additional 1,473 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Adient Trading Down 2.1 %

Shares of Adient stock opened at $12.61 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 630.30, a PEG ratio of 0.34 and a beta of 1.60. Adient plc has a twelve month low of $10.04 and a twelve month high of $30.29. The business has a 50-day moving average price of $12.90 and a 200-day moving average price of $16.48.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Bank of America downgraded shares of Adient from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $24.00 to $18.00 in a research report on Tuesday, March 4th. Morgan Stanley cut their price target on Adient from $19.00 to $17.00 and set an “underweight” rating for the company in a research note on Monday, March 3rd. JPMorgan Chase & Co. reduced their target price on shares of Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Citigroup assumed coverage on Adient in a research note on Wednesday, April 23rd. They issued a “neutral” rating and a $14.00 price objective for the company. Finally, Barclays downgraded Adient from an “equal weight” rating to a “negative” rating in a research report on Tuesday, April 15th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $18.44.

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.