Occudo Quantitative Strategies LP Purchases Shares of 15,983 Adient plc (NYSE:ADNT)

Occudo Quantitative Strategies LP purchased a new stake in Adient plc (NYSE:ADNT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,983 shares of the company’s stock, valued at approximately $275,000.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd bought a new position in Adient in the fourth quarter valued at approximately $32,000. IFP Advisors Inc lifted its stake in Adient by 6,924.2% in the fourth 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 in the last quarter. Sterling Capital Management LLC lifted its stake in Adient by 803.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,738 shares of the company’s stock valued at $47,000 after buying an additional 2,435 shares in the last quarter. Oarsman Capital Inc. lifted its stake 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 in the last quarter. Finally, KBC Group NV lifted its stake in Adient by 62.3% in the fourth quarter. KBC Group NV now owns 5,402 shares of the company’s stock valued at $93,000 after buying an additional 2,074 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ADNT shares. StockNews.com raised shares of Adient from a “hold” rating to a “buy” rating in a research report on Saturday, April 26th. Wells Fargo & Company boosted their price objective on shares of Adient from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 8th. Citigroup started coverage on shares of Adient in a research report on Wednesday, April 23rd. They issued a “neutral” rating and a $14.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Finally, Bank of America lowered shares of Adient from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $24.00 to $18.00 in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.00.

Adient Stock Performance

NYSE ADNT opened at $15.80 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. The firm’s fifty day moving average price is $12.91 and its two-hundred day moving average price is $16.16. Adient plc has a 1 year low of $10.04 and a 1 year high of $29.52. The firm has a market capitalization of $1.33 billion, a P/E ratio of 790.00, a price-to-earnings-growth ratio of 0.34 and a beta of 1.60.

Adient (NYSE:ADNT) last posted 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 firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. As a group, research analysts anticipate that Adient plc will post 1.76 EPS for the current year.

About Adient

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.