Ameriprise Financial Inc. Decreases Stake in Adient plc (NYSE:ADNT)

Ameriprise Financial Inc. trimmed its holdings in shares of Adient plc (NYSE:ADNT - Free Report) by 11.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 403,727 shares of the company's stock after selling 50,056 shares during the quarter. Ameriprise Financial Inc. owned 0.48% of Adient worth $6,956,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADNT. R Squared Ltd acquired a new stake in Adient during the 4th quarter valued at approximately $32,000. IFP Advisors Inc increased 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 worth $40,000 after buying an additional 2,285 shares during the period. Sterling Capital Management LLC increased its position in shares of Adient by 803.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,738 shares of the company's stock worth $47,000 after buying an additional 2,435 shares during the period. Oarsman Capital Inc. raised its stake in Adient by 98.7% during the fourth quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock worth $51,000 after buying an additional 1,473 shares during the last quarter. Finally, KBC Group NV lifted its holdings in 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 buying an additional 2,074 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Adient Stock Performance

Adient stock traded up $0.76 during mid-day trading on Tuesday, reaching $15.49. The company's stock had a trading volume of 266,019 shares, compared to its average volume of 1,417,477. The firm's fifty day moving average price is $13.04 and its two-hundred day moving average price is $15.91. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08. Adient plc has a 12-month low of $10.04 and a 12-month high of $28.48. The company has a market capitalization of $1.30 billion, a P/E ratio of 772.75, a PEG ratio of 0.34 and a beta of 1.60.

Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.36 by $0.33. The company had revenue of $3.61 billion during the quarter, compared to analysts' expectations of $3.39 billion. Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. Adient's revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 earnings per share. Sell-side analysts predict that Adient plc will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ADNT. Citigroup began coverage on Adient in a report on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on shares of Adient from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Bank of America lowered shares of Adient from a "neutral" rating to an "underperform" rating and dropped their price objective for the company from $24.00 to $18.00 in a report on Tuesday, March 4th. Wall Street Zen raised shares of Adient from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, UBS Group boosted their target price on Adient from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Three equities research 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. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $18.22.

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.