3 days Ago By ABMN Staff
Geode Capital Management LLC decreased its holdings in Adient plc ( NYSE:ADNT – Free Report ) by 1.7% in the 4th quarter, HoldingsChannel reports. The firm owned 2,015,742 shares of the company’s stock after selling 34,851 shares during the quarter.
Geode Capital Management LLC’s holdings in Adient were worth $34,739,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds also recently bought and sold shares of ADNT. JPMorgan Chase & Co.
raised its position in Adient by 96.5% in the 4th quarter. JPMorgan Chase & Co.
now owns 802,540 shares of the company’s stock worth $13,828,000 after purchasing an additional 394,111 shares during the last quarter. Pzena Investment Management LLC grew its stake in shares of Adient by 28.5% during the fourth quarter.
Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock worth $62,535,000 after purchasing an additional 803,961 shares during the period. Quantbot Technologies LP grew its position in shares of Adient by 263.6% during the 4th quarter.
Quantbot Technologies LP now owns 80,294 shares of the company’s stock worth $1,383,000 after buying an additional 58,209 shares during the period. Principal Financial Group Inc. grew its holdings in Adient by 36.
5% during the third quarter. Principal Financial Group Inc. now owns 411,199 shares of the company’s stock valued at $9,281,000 after purchasing an additional 109,850 shares during the period.
Finally, IFP Advisors Inc grew its holdings in shares of Adient by 6,924.2% in the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock valued at $40,000 after buying an additional 2,285 shares during the period.
Institutional investors and hedge funds own 92.44% of the company’s stock. Adient Stock Performance Shares of ADNT stock opened at $10.
96 on Thursday. The company’s fifty day simple moving average is $14.21 and its 200-day simple moving average is $17.
45. The company has a quick ratio of 0.86, a current ratio of 1.
08 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 $31.19. The firm has a market cap of $919.
91 million, a PE ratio of 548.00, a P/E/G ratio of 0.34 and a beta of 1.
97. Wall Street Analyst Weigh In Several brokerages recently commented on ADNT. Barclays dropped their price objective on Adient from $21.
00 to $13.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Morgan Stanley cut their price objective on Adient from $19.
00 to $17.00 and set an “underweight” rating on the stock in a report on Monday, March 3rd. UBS Group lowered their target price on Adient from $20.
00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. StockNews.
com raised shares of Adient from a “hold” rating to a “buy” rating in a research note on Tuesday, April 1st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Adient from $24.
00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock.
According to MarketBeat.com, Adient currently has an average rating of “Hold” and an average price target of $19.00.
Read Our Latest Stock Report on ADNT About Adient ( Free Report ) 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. Read More Want to see what other hedge funds are holding ADNT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Adient plc ( NYSE:ADNT – Free Report ). Receive News & Ratings for Adient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adient and related companies with MarketBeat.com's FREE daily email newsletter .
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