Geode Capital Management LLC Sells 34,851 Shares of Adient plc (NYSE:ADNT)

Geode Capital Management LLC trimmed its stake in Adient plc (NYSE:ADNT - Free Report) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,015,742 shares of the company's stock after selling 34,851 shares during the quarter. Geode Capital Management LLC owned about 2.40% of Adient worth $34,739,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Versant Capital Management Inc lifted its position in Adient by 10,316.7% in the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company's stock valued at $32,000 after acquiring an additional 1,857 shares in the last quarter. R Squared Ltd bought a new position in shares of Adient in the fourth quarter valued at approximately $32,000. IFP Advisors Inc boosted its position in shares of Adient by 6,924.2% during the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock valued at $40,000 after buying an additional 2,285 shares during the last quarter. KBC Group NV grew its holdings in Adient by 62.3% during the fourth quarter. KBC Group NV now owns 5,402 shares of the company's stock worth $93,000 after buying an additional 2,074 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in Adient in the 4th quarter valued at $216,000. 92.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

ADNT has been the subject of several recent analyst reports. StockNews.com lowered shares of Adient from a "buy" rating to a "hold" rating in a research note on Friday. Bank of America downgraded shares of Adient from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $24.00 to $18.00 in a research report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their target price on shares of Adient from $24.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Morgan Stanley reduced their target price on Adient from $19.00 to $17.00 and set an "underweight" rating for the company in a report on Monday, March 3rd. Finally, Barclays lowered Adient from an "equal weight" rating to a "negative" rating in a report on Tuesday, April 15th. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $19.00.

Adient Stock Performance

NYSE ADNT traded up $0.52 during trading on Tuesday, hitting $12.01. 1,209,430 shares of the company's stock traded hands, compared to its average volume of 1,399,430. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 600.25, a PEG ratio of 0.34 and a beta of 1.97. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08. The business has a 50 day moving average of $13.77 and a 200-day moving average of $17.12. Adient plc has a 12-month low of $10.04 and a 12-month high of $31.19.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same quarter in the prior year, the company earned $0.31 earnings per share. As a group, equities research analysts anticipate that Adient plc will post 1.76 earnings per share for the current fiscal year.

Adient Company 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.