JPMorgan Chase & Co. Acquires 394,111 Shares of Adient plc (NYSE:ADNT)

JPMorgan Chase & Co. grew its holdings in Adient plc (NYSE:ADNT) by 96.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 802,540 shares of the company’s stock after buying an additional 394,111 shares during the quarter. JPMorgan Chase & Co. owned 0.96% of Adient worth $13,828,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADNT. Pzena Investment Management LLC boosted its stake in Adient by 28.5% in the 4th quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock valued at $62,535,000 after buying an additional 803,961 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of Adient by 263.6% in the 4th quarter. Quantbot Technologies LP now owns 80,294 shares of the company’s stock valued at $1,383,000 after purchasing an additional 58,209 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Adient by 36.5% in the 3rd quarter. Principal Financial Group Inc. now owns 411,199 shares of the company’s stock worth $9,281,000 after purchasing an additional 109,850 shares during the last quarter. IFP Advisors Inc increased its position in shares of Adient by 6,924.2% during 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. Finally, Empowered Funds LLC increased its position in shares of Adient by 5.1% during the 4th quarter. Empowered Funds LLC now owns 309,891 shares of the company’s stock worth $5,339,000 after purchasing an additional 15,109 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Adient Price Performance

ADNT opened at $10.41 on Friday. The company has a fifty day moving average price of $14.57 and a two-hundred day moving average price of $17.66. The firm has a market capitalization of $873.32 million, a PE ratio of 520.25, a P/E/G ratio of 0.34 and a beta of 1.97. Adient plc has a 52 week low of $10.04 and a 52 week high of $31.19. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08.

Adient (NYSE:ADNT) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the company posted $0.31 earnings per share. As a group, analysts anticipate that Adient plc will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. StockNews.com upgraded Adient from a “hold” rating to a “buy” rating in a research report on Tuesday, April 1st. UBS Group cut their price objective on Adient from $20.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday. Bank of America lowered 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 note on Tuesday, March 4th. Finally, Morgan Stanley lowered their target price on Adient from $19.00 to $17.00 and set an “underweight” rating for the company in a research note on Monday, March 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Adient presently has an average rating of “Hold” and an average price target of $20.00.

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.