Adient plc (NYSE:ADNT) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in Adient plc (NYSE:ADNT - Free Report) by 20.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 273,884 shares of the company's stock after selling 71,394 shares during the quarter. Nuveen Asset Management LLC owned about 0.33% of Adient worth $4,719,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ADNT. R Squared Ltd purchased a new position in Adient in the fourth quarter worth $32,000. IFP Advisors Inc grew its stake in shares of Adient by 6,924.2% during the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock worth $40,000 after purchasing an additional 2,285 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Adient by 803.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,738 shares of the company's stock valued at $47,000 after purchasing an additional 2,435 shares in the last quarter. Oarsman Capital Inc. lifted its stake in shares of Adient by 98.7% in the fourth 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. Finally, KBC Group NV boosted 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. Hedge funds and other institutional investors own 92.44% of the company's stock.

Wall Street Analysts Forecast Growth

ADNT has been the subject of several recent research reports. Wells Fargo & Company raised their price target on Adient from $14.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Morgan Stanley cut their price target on shares of Adient from $17.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, May 19th. Bank of America downgraded Adient from a "neutral" rating to an "underperform" rating and dropped their target price for the company from $24.00 to $18.00 in a report on Tuesday, March 4th. Barclays downgraded Adient from an "equal weight" rating to a "negative" rating in a research note on Tuesday, April 15th. Finally, Wall Street Zen raised shares of Adient from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $18.22.

Adient Stock Performance

NYSE ADNT traded up $0.58 on Tuesday, hitting $15.75. The stock had a trading volume of 472,080 shares, compared to its average volume of 1,419,946. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11. The company's 50-day moving average is $13.16 and its two-hundred day moving average is $15.73. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 787.50, a P/E/G ratio of 0.34 and a beta of 1.60. Adient plc has a one year low of $10.04 and a one year high of $28.48.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.33. Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. The firm's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. On average, analysts expect that Adient plc will post 1.76 earnings per share for the current year.

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.