Adient plc (NYSE:ADNT) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its position in shares of Adient plc (NYSE:ADNT) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,562 shares of the company’s stock after acquiring an additional 7,085 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.26% of Adient worth $3,749,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Covestor Ltd boosted its position in shares of Adient by 10.6% during the 4th quarter. Covestor Ltd now owns 6,062 shares of the company’s stock valued at $104,000 after acquiring an additional 580 shares during the last quarter. Mariner LLC lifted its position in Adient by 8.6% in the fourth quarter. Mariner LLC now owns 10,157 shares of the company’s stock valued at $175,000 after buying an additional 801 shares during the last quarter. Oarsman Capital Inc. lifted its position in Adient by 98.7% in the fourth quarter. Oarsman Capital Inc. now owns 2,966 shares of the company’s stock valued at $51,000 after buying an additional 1,473 shares during the last quarter. R Squared Ltd purchased a new position in Adient during the fourth quarter worth about $32,000. Finally, KBC Group NV boosted its stake in Adient by 62.3% during the fourth quarter. KBC Group NV now owns 5,402 shares of the company’s stock worth $93,000 after buying an additional 2,074 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Adient from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lowered their target price on shares of Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Citigroup assumed coverage on shares of Adient in a research note on Wednesday, April 23rd. They set a “neutral” rating and a $14.00 target price for the company. Morgan Stanley lowered their target price on shares of Adient from $19.00 to $17.00 and set an “underweight” rating for the company in a research note on Monday, March 3rd. Finally, Barclays lowered shares of Adient from an “equal weight” rating to a “negative” rating in a research note on Tuesday, April 15th. Three 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.00.

Adient Stock Down 0.4%

Shares of ADNT opened at $15.83 on Thursday. The stock has a market capitalization of $1.33 billion, a PE ratio of 791.50, a P/E/G ratio of 0.34 and a beta of 1.60. Adient plc has a 1 year low of $10.04 and a 1 year high of $30.19. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08. The company’s 50-day simple moving average is $12.86 and its 200-day simple moving average is $16.24.

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

Adient 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.