GSA Capital Partners LLP Invests $2.84 Million in Adient plc (NYSE:ADNT)

GSA Capital Partners LLP bought a new position in Adient plc (NYSE:ADNT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 125,985 shares of the company’s stock, valued at approximately $2,843,000.

Other hedge funds have also modified their holdings of the company. Magnetar Financial LLC acquired a new position in shares of Adient in the 1st quarter worth approximately $2,746,000. Harbor Capital Advisors Inc. raised its holdings in shares of Adient by 356.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 83,293 shares of the company’s stock worth $2,058,000 after buying an additional 65,055 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its holdings in shares of Adient by 85.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 152,940 shares of the company’s stock worth $3,779,000 after buying an additional 70,611 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Adient by 48.5% in the 1st quarter. Janus Henderson Group PLC now owns 697,303 shares of the company’s stock worth $22,955,000 after buying an additional 227,810 shares in the last quarter. Finally, HITE Hedge Asset Management LLC raised its holdings in shares of Adient by 125.3% in the 2nd quarter. HITE Hedge Asset Management LLC now owns 512,703 shares of the company’s stock worth $12,669,000 after buying an additional 285,104 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Adient Stock Up 4.0 %

Shares of ADNT opened at $21.14 on Tuesday. Adient plc has a 52 week low of $19.30 and a 52 week high of $37.19. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 1.08. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 91.91, a PEG ratio of 0.40 and a beta of 2.18. The business’s fifty day moving average price is $21.43 and its two-hundred day moving average price is $24.07.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.12. Adient had a return on equity of 6.34% and a net margin of 0.50%. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the company earned $0.51 EPS. The firm’s revenue was down 3.7% on a year-over-year basis. On average, analysts predict that Adient plc will post 2.67 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Bank of America decreased their price target on Adient from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Barclays decreased their price target on Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $24.00 price target on shares of Adient in a research report on Tuesday, September 10th. JPMorgan Chase & Co. decreased their price target on Adient from $31.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Finally, Morgan Stanley decreased their price target on Adient from $32.00 to $21.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.38.

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.