Moon Capital Management LLC Boosts Holdings in Adient PLC (ADNT)


Moon Capital Management LLC raised its position in shares of Adient PLC (NYSE:ADNT) by 9.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,745 shares of the company’s stock after acquiring an additional 5,104 shares during the period. Adient makes up 3.2% of Moon Capital Management LLC’s portfolio, making the stock its 17th biggest position. Moon Capital Management LLC owned about 0.07% of Adient worth $2,988,000 at the end of the most recent quarter.


A number of other hedge funds have also recently bought and sold shares of ADNT. Elkfork Partners LLC acquired a new position in shares of Adient during the fourth quarter worth about $195,000. Greenwich Wealth Management LLC lifted its stake in shares of Adient by 50.6% during the first quarter. Greenwich Wealth Management LLC now owns 8,891 shares of the company’s stock worth $531,000 after purchasing an additional 2,989 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Adient by 2.6% during the first quarter. Wells Fargo & Company MN now owns 270,975 shares of the company’s stock worth $16,193,000 after purchasing an additional 6,820 shares in the last quarter. Dupont Capital Management Corp lifted its stake in shares of Adient by 33.3% during the first quarter. Dupont Capital Management Corp now owns 14,532 shares of the company’s stock worth $868,000 after purchasing an additional 3,628 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in shares of Adient by 33.3% during the first quarter. Wedge Capital Management L L P NC now owns 184,186 shares of the company’s stock worth $11,007,000 after purchasing an additional 46,058 shares in the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.


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Shares of Adient traded down $0.17, hitting $49.87, during trading on Monday, Marketbeat.com reports. The company’s stock had a trading volume of 64,649 shares, compared to its average volume of 1,386,750. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.04. Adient PLC has a fifty-two week low of $47.03 and a fifty-two week high of $86.42. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 5.35, a price-to-earnings-growth ratio of 0.65 and a beta of -0.50.


Adient (NYSE:ADNT) last released its quarterly earnings results on Thursday, May 3rd. The company reported $1.85 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.89 by ($0.04). Adient had a return on equity of 16.65% and a net margin of 0.98%. The business had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.39 billion. During the same quarter last year, the firm posted $2.50 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. equities research analysts predict that Adient PLC will post 6.44 EPS for the current year.


The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 15th. Investors of record on Wednesday, July 18th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Tuesday, July 17th. Adient’s dividend payout ratio (DPR) is 11.76%.

A number of research analysts have commented on ADNT shares. Longbow Research restated a “buy” rating and set a $68.00 price objective on shares of Adient in a research note on Monday, June 11th. ValuEngine upgraded Adient from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. UBS Group reduced their price objective on Adient from $83.00 to $73.00 and set a “buy” rating on the stock in a research note on Tuesday, June 19th. They noted that the move was a valuation call. Morgan Stanley cut Adient from an “overweight” rating to an “equal weight” rating and set a $61.00 price objective on the stock. in a research note on Wednesday, May 9th. Finally, Zacks Investment Research upgraded Adient from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 15th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Adient presently has a consensus rating of “Hold” and an average price target of $68.83.


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.

Institutional Ownership by Quarter for Adient (NYSE:ADNT)