Adient plc (NYSE:ADNT) Shares Bought by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC raised its holdings in shares of Adient plc (NYSE:ADNT) by 19.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,191 shares of the company’s stock after acquiring an additional 3,747 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Adient were worth $573,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. American Century Companies Inc. raised its holdings in shares of Adient by 1,033.5% in the second quarter. American Century Companies Inc. now owns 107,135 shares of the company’s stock worth $2,647,000 after acquiring an additional 97,683 shares during the last quarter. Foundry Partners LLC raised its stake in Adient by 5.3% in the 2nd quarter. Foundry Partners LLC now owns 126,279 shares of the company’s stock valued at $3,120,000 after purchasing an additional 6,361 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Adient by 15.4% in the 2nd quarter. Victory Capital Management Inc. now owns 19,344 shares of the company’s stock valued at $478,000 after purchasing an additional 2,579 shares in the last quarter. Bordeaux Wealth Advisors LLC acquired a new stake in shares of Adient during the 2nd quarter worth about $895,000. Finally, AM Squared Ltd purchased a new stake in shares of Adient during the second quarter worth about $339,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Stock Performance

NYSE:ADNT opened at $20.52 on Monday. The firm’s fifty day simple moving average is $22.87 and its 200 day simple moving average is $27.09. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08. Adient plc has a twelve month low of $19.40 and a twelve month high of $39.02. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 0.53 and a beta of 2.16.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.30). Adient had a return on equity of 6.34% and a net margin of 0.50%. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, equities research analysts expect that Adient plc will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Barclays decreased their target price on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. BNP Paribas upgraded Adient from an “underperform” rating to a “neutral” rating and set a $26.00 target price for the company in a research note on Monday, July 1st. Bank of America decreased their price target on Adient from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. UBS Group dropped their price objective on shares of Adient from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Wolfe Research started coverage on shares of Adient in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Adient has an average rating of “Hold” and a consensus target price of $27.25.

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.