MQS Management LLC Purchases New Holdings in Adient plc (NYSE:ADNT)

MQS Management LLC purchased a new position in shares of Adient plc (NYSE:ADNT) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 12,315 shares of the company’s stock, valued at approximately $278,000.

Several other institutional investors have also recently made changes to their positions in ADNT. Dimensional Fund Advisors LP grew its stake in shares of Adient by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,078,070 shares of the company’s stock valued at $125,480,000 after buying an additional 61,342 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Adient by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,457 shares of the company’s stock valued at $39,943,000 after acquiring an additional 17,833 shares during the period. D. E. Shaw & Co. Inc. increased its stake in shares of Adient by 86.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,133,901 shares of the company’s stock worth $28,019,000 after purchasing an additional 525,280 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Adient by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 923,881 shares of the company’s stock valued at $22,829,000 after purchasing an additional 5,426 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in Adient by 48.5% in the 1st quarter. Janus Henderson Group PLC now owns 697,303 shares of the company’s stock valued at $22,955,000 after purchasing an additional 227,810 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Bank of America lowered their price target on Adient from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Barclays dropped their price target on Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Wolfe Research started coverage on shares of Adient in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $24.00 price objective on shares of Adient in a research report on Tuesday, September 10th. Finally, Morgan Stanley reduced their target price on shares of Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Adient presently has a consensus rating of “Hold” and a consensus price target of $25.13.

Adient Price Performance

NYSE:ADNT opened at $20.40 on Friday. Adient plc has a 52 week low of $19.30 and a 52 week high of $37.19. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.11. The firm’s 50-day simple moving average is $21.38 and its 200 day simple moving average is $23.98. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 88.70, a P/E/G ratio of 0.41 and a beta of 2.18.

Adient (NYSE:ADNT) last announced its earnings results on Friday, November 8th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.56 by $0.12. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Adient had a net margin of 0.12% and a return on equity of 6.86%. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. As a group, sell-side analysts predict that Adient plc will post 2.67 earnings per share for the current year.

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.