Entropy Technologies LP Has $366,000 Stock Holdings in Adient plc (NYSE:ADNT)

Entropy Technologies LP lifted its holdings in shares of Adient plc (NYSE:ADNT) by 46.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,123 shares of the company’s stock after buying an additional 3,515 shares during the period. Entropy Technologies LP’s holdings in Adient were worth $366,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Partnership Wealth Management LLC bought a new position in Adient in the fourth quarter valued at about $83,000. TFO Wealth Partners LLC grew its holdings in shares of Adient by 41,090.9% during the 4th quarter. TFO Wealth Partners LLC now owns 4,531 shares of the company’s stock valued at $1,650,000 after purchasing an additional 4,520 shares during the last quarter. Headlands Technologies LLC acquired a new position in Adient during the 1st quarter worth approximately $159,000. Handelsinvest Investeringsforvaltning acquired a new stake in Adient in the fourth quarter valued at approximately $207,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Adient in the first quarter valued at approximately $223,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Trading Down 4.0 %

Shares of Adient stock traded down $1.03 on Friday, hitting $24.43. 6,399 shares of the company’s stock traded hands, compared to its average volume of 1,041,907. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 0.34 and a beta of 2.19. The company has a fifty day moving average of $26.42 and a two-hundred day moving average of $30.53. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.13 and a quick ratio of 0.91. Adient plc has a one year low of $22.93 and a one year high of $46.51.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.15. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Adient had a return on equity of 8.72% and a net margin of 1.04%. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 EPS. As a group, sell-side analysts expect that Adient plc will post 2.26 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Peter Carlin sold 4,207 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $28.90, for a total transaction of $121,582.30. Following the transaction, the director now owns 28,352 shares of the company’s stock, valued at approximately $819,372.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ADNT shares. Barclays reduced their price objective on Adient from $34.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut their target price on shares of Adient from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Monday, May 6th. JPMorgan Chase & Co. dropped their price target on shares of Adient from $40.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. UBS Group reduced their price objective on shares of Adient from $31.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, Morgan Stanley cut their target price on Adient from $35.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $35.67.

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.