Towle & Co. Has $5.21 Million Position in Adient plc (NYSE:ADNT)

Towle & Co. reduced its position in shares of Adient plc (NYSE:ADNT - Free Report) by 55.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 302,369 shares of the company's stock after selling 375,537 shares during the quarter. Towle & Co. owned 0.36% of Adient worth $5,210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Adient by 127.0% in the third quarter. Barclays PLC now owns 208,239 shares of the company's stock valued at $4,701,000 after purchasing an additional 116,518 shares during the period. Franklin Resources Inc. raised its position in shares of Adient by 85.4% in the third quarter. Franklin Resources Inc. now owns 59,694 shares of the company's stock valued at $1,305,000 after purchasing an additional 27,491 shares during the period. Principal Financial Group Inc. raised its position in shares of Adient by 36.5% in the third quarter. Principal Financial Group Inc. now owns 411,199 shares of the company's stock valued at $9,281,000 after purchasing an additional 109,850 shares during the period. KBC Group NV raised its position in shares of Adient by 62.3% in the fourth quarter. KBC Group NV now owns 5,402 shares of the company's stock valued at $93,000 after purchasing an additional 2,074 shares during the period. Finally, R Squared Ltd bought a new position in shares of Adient in the fourth quarter valued at about $32,000. 92.44% of the stock is owned by institutional investors.

Adient Price Performance

ADNT stock traded down $0.28 during mid-day trading on Friday, hitting $14.72. The stock had a trading volume of 1,170,686 shares, compared to its average volume of 1,419,699. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. Adient plc has a 52 week low of $10.04 and a 52 week high of $28.48. The firm has a market capitalization of $1.24 billion, a P/E ratio of 735.90, a P/E/G ratio of 0.34 and a beta of 1.60. The firm has a fifty day simple moving average of $13.03 and a 200 day simple moving average of $16.00.

Adient (NYSE:ADNT - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.36 by $0.33. Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period last year, the firm earned $0.54 EPS. The business's quarterly revenue was down 3.7% compared to the same quarter last year. As a group, research analysts forecast that Adient plc will post 1.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ADNT shares. UBS Group increased their price objective on shares of Adient from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Wall Street Zen raised shares of Adient from a "hold" rating to a "buy" rating in a research report on Thursday. Morgan Stanley lowered their price target on shares of Adient from $17.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, May 19th. JPMorgan Chase & Co. lowered their price target 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. Finally, Barclays lowered shares of Adient from an "equal weight" rating to a "negative" rating in a research report on Tuesday, April 15th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $18.22.

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.