Advisors Preferred LLC Makes New Investment in Adient plc (NYSE:ADNT)

Advisors Preferred LLC bought a new stake in Adient plc (NYSE:ADNT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 99,672 shares of the company’s stock, valued at approximately $1,670,000. Advisors Preferred LLC owned 0.12% of Adient as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in Adient by 10,316.7% in the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock valued at $32,000 after acquiring an additional 1,857 shares during the last quarter. R Squared Ltd bought a new stake in shares of Adient during the fourth quarter worth approximately $32,000. US Bancorp DE lifted its holdings in Adient by 583.8% in the third quarter. US Bancorp DE now owns 1,860 shares of the company’s stock valued at $42,000 after buying an additional 1,588 shares during the period. Signaturefd LLC boosted its stake in Adient by 493.8% in the third quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after acquiring an additional 1,822 shares during the last quarter. Finally, KBC Group NV grew its holdings in Adient by 51.8% during the 3rd quarter. KBC Group NV now owns 3,328 shares of the company’s stock worth $75,000 after acquiring an additional 1,136 shares during the period. Institutional investors own 92.44% of the company’s stock.

Adient Price Performance

Shares of ADNT opened at $16.86 on Friday. The company’s 50-day moving average is $17.74 and its 200-day moving average is $20.31. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86. The firm has a market capitalization of $1.41 billion, a PE ratio of 842.75, a PEG ratio of 0.33 and a beta of 2.18. Adient plc has a fifty-two week low of $15.71 and a fifty-two week high of $35.94.

Adient (NYSE:ADNT) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Equities analysts forecast that Adient plc will post 1.89 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. StockNews.com lowered shares of Adient from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. decreased their price objective on Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $27.00 to $20.00 in a research note on Monday, December 16th. Morgan Stanley reduced their target price on shares of Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. Finally, UBS Group raised their target price on shares of Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, Adient has a consensus rating of “Hold” and an average target price of $21.88.

Insiders Place Their Bets

In other Adient news, EVP James Conklin sold 11,500 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total transaction of $232,875.00. Following the sale, the executive vice president now directly owns 51,829 shares in the company, valued at $1,049,537.25. This represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.

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.