Adient plc (NYSE:ADNT) Shares Acquired by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC raised its holdings in shares of Adient plc (NYSE:ADNT – Get Rating) by 25.6% during the third quarter, HoldingsChannel.com reports. The firm owned 10,390 shares of the company’s stock after buying an additional 2,115 shares during the period. AlphaCrest Capital Management LLC’s holdings in Adient were worth $288,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Great West Life Assurance Co. Can acquired a new position in shares of Adient during the third quarter worth $1,764,000. Mutual Advisors LLC increased its position in shares of Adient by 4.8% during the second quarter. Mutual Advisors LLC now owns 19,711 shares of the company’s stock worth $584,000 after purchasing an additional 911 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in shares of Adient during the third quarter valued at $26,951,000. Russell Investments Group Ltd. grew its holdings in shares of Adient by 399.1% during the third quarter. Russell Investments Group Ltd. now owns 82,673 shares of the company’s stock valued at $2,294,000 after buying an additional 66,110 shares during the last quarter. Finally, Towle & Co grew its holdings in shares of Adient by 14.5% during the third quarter. Towle & Co now owns 812,714 shares of the company’s stock valued at $22,553,000 after buying an additional 102,860 shares during the last quarter. 93.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Adient news, CEO Douglas G. Delgrosso sold 50,000 shares of the company’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $40.33, for a total value of $2,016,500.00. Following the completion of the transaction, the chief executive officer now owns 617,757 shares in the company, valued at $24,914,139.81. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 50,300 shares of company stock worth $2,030,108. Company insiders own 1.10% of the company’s stock.

Adient Trading Down 4.6 %

Shares of Adient stock opened at $40.63 on Friday. The firm has a 50-day simple moving average of $42.55 and a two-hundred day simple moving average of $37.09. The company has a market cap of $3.88 billion, a P/E ratio of -71.28 and a beta of 2.77. Adient plc has a fifty-two week low of $27.15 and a fifty-two week high of $47.50. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.91 and a current ratio of 1.20.

Adient (NYSE:ADNT – Get Rating) last issued its quarterly earnings data on Tuesday, February 7th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.06). The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.65 billion. Adient had a positive return on equity of 3.21% and a negative net margin of 0.38%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.38) EPS. As a group, equities analysts predict that Adient plc will post 1.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Adient from a “buy” rating to a “hold” rating in a report on Thursday, February 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Adient from $40.00 to $43.00 in a report on Wednesday, February 8th. Wells Fargo & Company boosted their price objective on shares of Adient from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. Barclays started coverage on shares of Adient in a report on Tuesday, February 14th. They set an “overweight” rating and a $57.00 price objective on the stock. Finally, Bank of America raised shares of Adient from a “neutral” rating to a “buy” rating and upped their price target for the company from $41.00 to $52.00 in a report on Monday, January 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $46.11.

Adient Profile

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Adient plc manufactures automotive seating systems. It operates through the following geographical segments: Americas, EMEA, and Asia. The company was founded in 1985 and is headquartered in Plymouth, MI.