Stevens Capital Management LP acquired a new stake in Adient PLC (NYSE:ADNT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 32,596 shares of the company’s stock, valued at approximately $1,281,000.
A number of other large investors have also made changes to their positions in ADNT. Mount Yale Investment Advisors LLC raised its holdings in shares of Adient by 268.8% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 2,032 shares of the company’s stock valued at $100,000 after acquiring an additional 1,481 shares in the last quarter. Massey Quick Simon & CO. LLC bought a new position in shares of Adient during the 2nd quarter valued at about $158,000. Oakbrook Investments LLC bought a new position in shares of Adient during the 3rd quarter valued at about $219,000. Alps Advisors Inc. bought a new position in shares of Adient during the 2nd quarter valued at about $221,000. Finally, Cadence Capital Management LLC bought a new position in shares of Adient during the 3rd quarter valued at about $239,000.
ADNT has been the topic of several recent research reports. Zacks Investment Research upgraded Adient from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Bank of America upgraded Adient from an “underperform” rating to a “hold” rating and set a $44.00 price objective on the stock in a research report on Thursday, September 13th. ValuEngine lowered Adient from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Buckingham Research reduced their price objective on Adient from $54.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 3rd. Finally, Wells Fargo & Co reiterated a “hold” rating and set a $30.00 price objective (down from $50.00) on shares of Adient in a research report on Wednesday, October 17th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $41.25.
NYSE:ADNT opened at $23.02 on Thursday. Adient PLC has a 52-week low of $21.09 and a 52-week high of $84.59. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.03 and a quick ratio of 0.83. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 4.10, a P/E/G ratio of 0.44 and a beta of 0.61.
Adient (NYSE:ADNT) last announced its quarterly earnings data on Friday, November 9th. The company reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.04. Adient had a positive return on equity of 13.51% and a negative net margin of 9.66%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the previous year, the business earned $2.34 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. Equities research analysts predict that Adient PLC will post 4.4 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 24th were given a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, October 23rd. This represents a $1.10 annualized dividend and a dividend yield of 4.78%. Adient’s payout ratio is 19.57%.
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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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