Seven Eight Capital LP Purchases New Position in Adient PLC (ADNT)

Seven Eight Capital LP purchased a new position in shares of Adient PLC (NYSE:ADNT) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,814 shares of the company’s stock, valued at approximately $543,000.

Several other hedge funds also recently modified their holdings of ADNT. Mount Yale Investment Advisors LLC increased its stake in shares of Adient by 268.8% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 2,032 shares of the company’s stock worth $100,000 after purchasing an additional 1,481 shares during the last quarter. Massey Quick Simon & CO. LLC purchased a new stake in shares of Adient during the 2nd quarter worth approximately $158,000. Jane Street Group LLC purchased a new stake in shares of Adient during the 1st quarter worth approximately $210,000. Oakbrook Investments LLC purchased a new stake in shares of Adient during the 3rd quarter worth approximately $219,000. Finally, Alps Advisors Inc. purchased a new stake in shares of Adient during the 2nd quarter worth approximately $221,000.

ADNT opened at $29.67 on Friday. The company has a market capitalization of $2.77 billion, a P/E ratio of 4.43, a price-to-earnings-growth ratio of 0.38 and a beta of -0.62. Adient PLC has a 12 month low of $28.24 and a 12 month high of $85.32. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.82.



Adient (NYSE:ADNT) last released its quarterly earnings data on Thursday, July 26th. The company reported $1.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.11). Adient had a return on equity of 14.27% and a net margin of 0.08%. The business had revenue of $4.49 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period last year, the business posted $2.52 earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities analysts expect that Adient PLC will post 5.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 24th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.71%. The ex-dividend date is Tuesday, October 23rd. Adient’s payout ratio is 11.76%.

Several research firms recently commented on ADNT. Morgan Stanley downgraded shares of Adient from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $50.00 to $43.00 in a report on Tuesday, July 31st. Barclays cut their price objective on shares of Adient from $63.00 to $58.00 and set an “equal weight” rating for the company in a report on Monday, July 30th. TheStreet downgraded shares of Adient from a “c-” rating to a “d+” rating in a report on Thursday, July 12th. Guggenheim set a $46.00 price objective on shares of Adient and gave the stock a “hold” rating in a report on Friday, July 27th. Finally, Zacks Investment Research downgraded shares of Adient from a “hold” rating to a “strong sell” rating in a report on Monday, July 16th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $53.92.

Adient Profile

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company operates through two segments, Seating and Interiors. The Seating segment produces automotive seat metal structures and mechanisms, foams, trims, fabrics, and seat systems.

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Institutional Ownership by Quarter for Adient (NYSE:ADNT)

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