Adient plc (NYSE:ADNT) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd trimmed its position in shares of Adient plc (NYSE:ADNT) by 4.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 632,185 shares of the company’s stock after selling 29,985 shares during the period. Ninety One UK Ltd’s holdings in Adient were worth $22,986,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC grew its position in Adient by 4.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,820 shares of the company’s stock worth $287,000 after purchasing an additional 368 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Adient by 1.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,555 shares of the company’s stock valued at $1,562,000 after buying an additional 571 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Adient by 0.3% during the 4th quarter. Alliancebernstein L.P. now owns 220,831 shares of the company’s stock valued at $7,661,000 after buying an additional 699 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Adient during the 2nd quarter valued at $27,000. Finally, Mariner LLC boosted its stake in shares of Adient by 6.8% during the 3rd quarter. Mariner LLC now owns 11,242 shares of the company’s stock valued at $413,000 after buying an additional 716 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ADNT. Wells Fargo & Company decreased their target price on shares of Adient from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Barclays reissued an “equal weight” rating and set a $37.00 target price (down previously from $41.00) on shares of Adient in a research note on Wednesday, April 10th. JPMorgan Chase & Co. decreased their target price on shares of Adient from $41.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Finally, Bank of America decreased their target price on shares of Adient from $50.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $42.86.

Adient Stock Down 0.3 %

ADNT stock opened at $28.02 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.92. Adient plc has a 1 year low of $27.73 and a 1 year high of $46.51. The company has a fifty day simple moving average of $32.99 and a 200 day simple moving average of $33.86. The firm has a market cap of $2.56 billion, a PE ratio of 12.51, a PEG ratio of 0.29 and a beta of 2.51.

Adient (NYSE:ADNT) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.16). Adient had a net margin of 1.39% and a return on equity of 7.90%. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts anticipate that Adient plc will post 2.57 EPS for the current fiscal year.

Insider Activity at Adient

In other Adient news, EVP Heather M. Tiltmann sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $33.68, for a total transaction of $336,800.00. Following the completion of the transaction, the executive vice president now owns 55,669 shares of the company’s stock, valued at approximately $1,874,931.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Adient Profile

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.