Lyrical Asset Management LP Has $190.21 Million Stock Holdings in Adient plc (NYSE:ADNT)


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Lyrical Asset Management LP boosted its stake in Adient plc (NYSE:ADNT) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,470,505 shares of the company’s stock after purchasing an additional 158,229 shares during the quarter. Adient comprises about 2.6% of Lyrical Asset Management LP’s holdings, making the stock its 16th biggest position. Lyrical Asset Management LP owned 0.06% of Adient worth $190,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. ProShare Advisors LLC grew its holdings in Adient by 56.6% in the fourth quarter. ProShare Advisors LLC now owns 26,925 shares of the company’s stock worth $936,000 after purchasing an additional 9,727 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Adient by 3.6% during the fourth quarter. Alliancebernstein L.P. now owns 221,621 shares of the company’s stock valued at $7,706,000 after buying an additional 7,732 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Adient by 0.4% during the fourth quarter. Principal Financial Group Inc. now owns 272,493 shares of the company’s stock valued at $9,475,000 after buying an additional 986 shares during the last quarter. Point View Wealth Management Inc. acquired a new position in shares of Adient during the fourth quarter valued at about $231,000. Finally, BlackRock Inc. grew its holdings in shares of Adient by 3.9% during the fourth quarter. BlackRock Inc. now owns 10,185,573 shares of the company’s stock valued at $354,152,000 after buying an additional 381,935 shares during the last quarter. Institutional investors and hedge funds own 84.90% of the company’s stock.

A number of brokerages have recently issued reports on ADNT. Credit Suisse Group lifted their price objective on shares of Adient from $44.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, February 10th. Royal Bank of Canada lifted their price objective on shares of Adient from $24.00 to $38.00 in a report on Tuesday, December 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Adient from $37.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, January 20th. JPMorgan Chase & Co. upgraded shares of Adient from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $20.00 to $35.00 in a report on Friday, January 22nd. Finally, Zacks Investment Research raised shares of Adient from a “hold” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a research report on Friday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Adient has an average rating of “Buy” and a consensus price target of $37.36.

ADNT stock traded down $0.93 during mid-day trading on Tuesday, hitting $36.25. The company had a trading volume of 10,296 shares, compared to its average volume of 899,297. The firm has a market cap of $3.41 billion, a PE ratio of -6.39, a price-to-earnings-growth ratio of 0.36 and a beta of 3.30. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.99 and a current ratio of 1.17. Adient plc has a 12 month low of $5.90 and a 12 month high of $38.26. The stock’s fifty day moving average price is $35.66 and its two-hundred day moving average price is $27.19.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Thursday, February 4th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $0.88 by $0.83. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.84 billion. Adient had a negative net margin of 4.32% and a negative return on equity of 0.23%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Equities analysts anticipate that Adient plc will post 3.07 earnings per share for the current year.

Adient Profile

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's products include frames, mechanisms, foams, head restraints, armrests, and trim covers. It serves automotive original equipment manufacturers in the Americas, Europe, China, and internationally.

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Institutional Ownership by Quarter for Adient (NYSE:ADNT)

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