WINTON GROUP Ltd grew its holdings in shares of Adient PLC (NYSE:ADNT) by 17.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 267,018 shares of the company’s stock after acquiring an additional 40,122 shares during the period. WINTON GROUP Ltd’s holdings in Adient were worth $10,496,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of ADNT. Newtyn Management LLC grew its holdings in Adient by 34.3% during the 2nd quarter. Newtyn Management LLC now owns 1,800,000 shares of the company’s stock worth $88,542,000 after acquiring an additional 460,000 shares during the period. Towle & Co. grew its stake in shares of Adient by 69.0% in the 2nd quarter. Towle & Co. now owns 1,033,994 shares of the company’s stock valued at $50,862,000 after buying an additional 422,270 shares during the period. Letko Brosseau & Associates Inc. grew its stake in shares of Adient by 22.6% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 1,299,232 shares of the company’s stock valued at $63,909,000 after buying an additional 239,108 shares during the period. Bank of America Corp DE grew its stake in shares of Adient by 54.7% in the 2nd quarter. Bank of America Corp DE now owns 602,133 shares of the company’s stock valued at $29,619,000 after buying an additional 212,787 shares during the period. Finally, 683 Capital Management LLC grew its stake in shares of Adient by 29.9% in the 2nd quarter. 683 Capital Management LLC now owns 870,000 shares of the company’s stock valued at $42,795,000 after buying an additional 200,150 shares during the period. Hedge funds and other institutional investors own 97.85% of the company’s stock.
Several analysts have recently commented on ADNT shares. Zacks Investment Research downgraded Adient from a “hold” rating to a “strong sell” rating in a research note on Monday, July 16th. Longbow Research restated a “buy” rating and issued a $58.00 target price on shares of Adient in a research note on Friday, July 27th. Robert W. Baird upgraded Adient from an “underperform” rating to a “neutral” rating and set a $73.00 target price for the company in a research note on Friday, July 27th. Guggenheim set a $46.00 target price on Adient and gave the company a “hold” rating in a research note on Friday, July 27th. Finally, Barclays reduced their target price on Adient from $63.00 to $58.00 and set an “equal weight” rating for the company in a research note on Monday, July 30th. Three investment 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’s stock. The stock has a consensus rating of “Hold” and an average price target of $53.92.
Shares of ADNT opened at $21.52 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 0.84. The stock has a market capitalization of $2.79 billion, a PE ratio of 2.30, a PEG ratio of 0.38 and a beta of 0.73. Adient PLC has a one year low of $21.42 and a one year high of $84.59.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 24th will be given a $0.275 dividend. The ex-dividend date is Tuesday, October 23rd. This represents a $1.10 annualized dividend and a yield of 5.11%. Adient’s payout ratio is 11.76%.
Adient Company Profile
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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