Bridgeway Capital Management LLC Buys 15,109 Shares of Adient plc (NYSE:ADNT)

Bridgeway Capital Management LLC lifted its stake in shares of Adient plc (NYSE:ADNT) by 2.9% during the 4th quarter, HoldingsChannel reports. The firm owned 544,891 shares of the company’s stock after acquiring an additional 15,109 shares during the period. Bridgeway Capital Management LLC’s holdings in Adient were worth $9,388,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ADNT. Covestor Ltd grew its stake in shares of Adient by 10.6% during the fourth quarter. Covestor Ltd now owns 6,062 shares of the company’s stock worth $104,000 after buying an additional 580 shares during the last quarter. Mariner LLC lifted its holdings in shares of Adient by 8.6% during the fourth quarter. Mariner LLC now owns 10,157 shares of the company’s stock worth $175,000 after purchasing an additional 801 shares during the period. Oarsman Capital Inc. lifted its holdings in Adient by 98.7% during the 4th quarter. Oarsman Capital Inc. now owns 2,966 shares of the company’s stock worth $51,000 after buying an additional 1,473 shares during the period. R Squared Ltd bought a new stake in shares of Adient in the 4th quarter valued at about $32,000. Finally, Versant Capital Management Inc increased its stake in shares of 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 buying an additional 1,857 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Adient Stock Performance

NYSE ADNT opened at $12.61 on Wednesday. The company has a market cap of $1.06 billion, a P/E ratio of 630.30, a PEG ratio of 0.34 and a beta of 1.60. The company has a fifty day simple moving average of $12.90 and a 200 day simple moving average of $16.48. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. Adient plc has a 12-month low of $10.04 and a 12-month high of $30.29.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. UBS Group lowered their target price on shares of Adient from $20.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Barclays cut shares of Adient from an “equal weight” rating to a “negative” rating in a research report on Tuesday, April 15th. Bank of America lowered Adient from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $24.00 to $18.00 in a research report on Tuesday, March 4th. Finally, Citigroup assumed coverage on Adient in a research report on Wednesday, April 23rd. They set a “neutral” rating and a $14.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Adient currently has an average rating of “Hold” and an average price target of $18.44.

About Adient

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.