US Bancorp DE Grows Stock Position in Adient plc (NYSE:ADNT)

US Bancorp DE boosted its stake in Adient plc (NYSE:ADNT) by 583.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,860 shares of the company’s stock after acquiring an additional 1,588 shares during the quarter. US Bancorp DE’s holdings in Adient were worth $42,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in Adient by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,078,070 shares of the company’s stock worth $125,480,000 after acquiring an additional 61,342 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Adient by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,616,457 shares of the company’s stock worth $39,943,000 after purchasing an additional 17,833 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Adient by 86.3% during the second 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 lifted its stake in Adient by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 923,881 shares of the company’s stock worth $22,829,000 after purchasing an additional 5,426 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Adient by 48.5% during the first quarter. Janus Henderson Group PLC now owns 697,303 shares of the company’s stock worth $22,955,000 after purchasing an additional 227,810 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Price Performance

NYSE:ADNT opened at $19.89 on Monday. The business’s 50-day moving average price is $21.32 and its 200 day moving average price is $23.84. The firm has a market cap of $1.73 billion, a P/E ratio of 86.48, a PEG ratio of 0.46 and a beta of 2.18. Adient plc has a 52-week low of $19.30 and a 52-week high of $37.19. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 0.98.

Adient (NYSE:ADNT) last released its earnings results on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. Adient had a return on equity of 6.86% and a net margin of 0.12%. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the company earned $0.51 earnings per share. Adient’s revenue was down 3.7% compared to the same quarter last year. As a group, sell-side analysts predict that Adient plc will post 2.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $24.00 target price on shares of Adient in a research report on Tuesday, September 10th. Morgan Stanley lowered their price target on Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a report on Thursday. StockNews.com raised Adient from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Wells Fargo & Company lowered their price target on Adient from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. lowered their price target on Adient from $31.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $25.13.

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.