Adient plc (NYSE:ADNT) Holdings Boosted by Mirabella Financial Services LLP

Mirabella Financial Services LLP grew its holdings in Adient plc (NYSE:ADNT) by 82.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,202 shares of the company’s stock after purchasing an additional 19,091 shares during the period. Mirabella Financial Services LLP’s holdings in Adient were worth $952,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ADNT. Quadrature Capital Ltd boosted its holdings in shares of Adient by 174.4% during the first quarter. Quadrature Capital Ltd now owns 23,782 shares of the company’s stock worth $783,000 after purchasing an additional 15,114 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Adient during the 1st quarter valued at $135,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Adient by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,647 shares of the company’s stock valued at $1,865,000 after acquiring an additional 2,687 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of Adient in the first quarter worth $316,000. Finally, Janus Henderson Group PLC raised its holdings in shares of Adient by 48.5% during the first quarter. Janus Henderson Group PLC now owns 697,303 shares of the company’s stock worth $22,955,000 after acquiring an additional 227,810 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Stock Performance

NYSE:ADNT opened at $19.96 on Tuesday. The firm has a market capitalization of $1.69 billion, a PE ratio of 87.35, a PEG ratio of 0.32 and a beta of 2.18. Adient plc has a 1 year low of $18.53 and a 1 year high of $37.19. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The firm’s fifty day simple moving average is $21.19 and its 200 day simple moving average is $23.48.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. Adient had a return on equity of 6.86% and a net margin of 0.12%. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the company posted $0.51 earnings per share. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, sell-side analysts anticipate that Adient plc will post 2.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADNT. JPMorgan Chase & Co. lowered their target price on Adient from $31.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. StockNews.com raised shares of Adient from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Barclays reduced their target price on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating for the company in a research note 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 note on Tuesday, September 10th. Finally, Morgan Stanley reduced their price objective on shares of Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $24.38.

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.