Jefferies Financial Group Inc. Boosts Stock Position in Adient plc (NYSE:ADNT)

Jefferies Financial Group Inc. grew its position in Adient plc (NYSE:ADNT) by 44.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,318 shares of the company’s stock after buying an additional 4,077 shares during the period. Jefferies Financial Group Inc.’s holdings in Adient were worth $229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Adient during the fourth quarter worth about $32,000. IFP Advisors Inc boosted its stake in Adient by 6,924.2% in the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock worth $40,000 after purchasing an additional 2,285 shares in the last quarter. Sterling Capital Management LLC grew its position in Adient by 803.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,738 shares of the company’s stock worth $47,000 after purchasing an additional 2,435 shares during the last quarter. Oarsman Capital Inc. increased its stake in Adient by 98.7% during the 4th quarter. Oarsman Capital Inc. now owns 2,966 shares of the company’s stock valued at $51,000 after purchasing an additional 1,473 shares in the last quarter. Finally, KBC Group NV increased its stake in Adient by 62.3% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Trading Up 2.0%

Shares of NYSE:ADNT opened at $15.80 on Monday. 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 plc has a 12-month low of $10.04 and a 12-month high of $29.28. The business has a 50 day moving average of $12.91 and a two-hundred day moving average of $16.11. The company has a market capitalization of $1.33 billion, a PE ratio of 790.00, a PEG ratio of 0.34 and a beta of 1.60.

Adient (NYSE:ADNT) last posted its earnings results on Wednesday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.33. Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the previous year, the business posted $0.54 EPS. The business’s revenue was down 3.7% compared to the same quarter last year. As a group, analysts forecast that Adient plc will post 1.76 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADNT. Wells Fargo & Company boosted their price objective on shares of Adient from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, May 8th. Citigroup began coverage on Adient in a research note on Wednesday, April 23rd. They set a “neutral” rating and a $14.00 price target on the stock. Barclays lowered Adient from an “equal weight” rating to a “negative” rating in a report on Tuesday, April 15th. Morgan Stanley decreased their target price on Adient from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Monday, March 3rd. Finally, UBS Group upped their target price on Adient from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Adient has a consensus rating of “Hold” and a consensus target price of $18.00.

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.