Susquehanna Fundamental Investments LLC Has $3.78 Million Holdings in Adient plc (NYSE:ADNT)

Susquehanna Fundamental Investments LLC boosted its stake in Adient plc (NYSE:ADNT) by 85.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 152,940 shares of the company’s stock after purchasing an additional 70,611 shares during the quarter. Susquehanna Fundamental Investments LLC owned about 0.17% of Adient worth $3,779,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ADNT. D. E. Shaw & Co. Inc. raised its position in shares of Adient by 86.3% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,133,901 shares of the company’s stock valued at $28,019,000 after acquiring an additional 525,280 shares during the period. Norges Bank acquired a new stake in Adient during the 4th quarter worth approximately $18,040,000. HITE Hedge Asset Management LLC lifted its position in Adient by 125.3% in the 2nd quarter. HITE Hedge Asset Management LLC now owns 512,703 shares of the company’s stock valued at $12,669,000 after acquiring an additional 285,104 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Adient by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 2,732,345 shares of the company’s stock valued at $99,348,000 after purchasing an additional 246,038 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in Adient by 5.4% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 4,469,049 shares of the company’s stock valued at $162,495,000 after acquiring an additional 229,963 shares in 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 recently commented on ADNT shares. Barclays reduced their price objective on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Bank of America decreased their target price on shares of Adient from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Morgan Stanley lowered their target price on shares of Adient from $32.00 to $21.00 and set an “underweight” rating on the stock in a report on Wednesday, August 14th. JPMorgan Chase & Co. cut their price target on shares of Adient from $31.00 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, Wells Fargo & Company lowered their price objective on shares of Adient from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.63.

Adient Trading Up 3.5 %

Shares of NYSE:ADNT opened at $23.70 on Monday. Adient plc has a 12-month low of $19.40 and a 12-month high of $37.21. The business has a 50 day moving average of $22.43 and a 200-day moving average of $26.23. The company has a quick ratio of 0.87, a current ratio of 1.08 and a debt-to-equity ratio of 1.08. The stock has a market cap of $2.13 billion, a PE ratio of 14.54, a P/E/G ratio of 0.59 and a beta of 2.16.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.30). The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.82 billion. Adient had a net margin of 0.50% and a return on equity of 6.34%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 earnings per share. As a group, equities research analysts forecast that Adient plc will post 1.77 earnings per share for the current year.

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.