Dimensional Fund Advisors LP Sells 377,728 Shares of Adient plc (NYSE:ADNT)

Dimensional Fund Advisors LP reduced its position in shares of Adient plc (NYSE:ADNT - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,134,595 shares of the company's stock after selling 377,728 shares during the period. Dimensional Fund Advisors LP owned 4.93% of Adient worth $71,239,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. R Squared Ltd purchased a new stake in Adient in the 4th quarter worth approximately $32,000. Versant Capital Management Inc raised its holdings in shares of Adient by 10,316.7% during the fourth 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. IFP Advisors Inc lifted its stake in Adient by 6,924.2% in the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock worth $40,000 after acquiring an additional 2,285 shares during the period. Sterling Capital Management LLC boosted its holdings in Adient by 803.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,738 shares of the company's stock valued at $47,000 after acquiring an additional 2,435 shares in the last quarter. Finally, Oarsman Capital Inc. increased its position in Adient by 98.7% during the 4th quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock valued at $51,000 after purchasing an additional 1,473 shares during the period. 92.44% of the stock is owned by institutional investors.

Adient Stock Up 0.1 %

ADNT stock traded up $0.01 during trading on Tuesday, hitting $12.88. 80,923 shares of the stock traded hands, compared to its average volume of 1,385,666. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 646.25, a price-to-earnings-growth ratio of 0.34 and a beta of 1.60. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86. Adient plc has a 1 year low of $10.04 and a 1 year high of $30.29. The firm's 50 day moving average is $12.96 and its two-hundred day moving average is $16.51.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADNT. Barclays lowered shares of Adient from an "equal weight" rating to a "negative" rating in a research note on Tuesday, April 15th. StockNews.com upgraded Adient from a "hold" rating to a "buy" rating in a report on Saturday, April 26th. Bank of America cut Adient from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $24.00 to $18.00 in a research note on Tuesday, March 4th. UBS Group decreased their price objective on Adient from $20.00 to $13.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Finally, 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 report on Monday, January 27th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $18.44.

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.