Pzena Investment Management LLC Acquires 272,121 Shares of Adient (NYSE:ADNT)

Pzena Investment Management LLC raised its position in shares of Adient (NYSE:ADNT - Free Report) by 7.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,901,573 shares of the company's stock after acquiring an additional 272,121 shares during the quarter. Pzena Investment Management LLC owned about 4.65% of Adient worth $50,174,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Invesco Ltd. boosted its position in shares of Adient by 22.0% during the 4th quarter. Invesco Ltd. now owns 1,414,041 shares of the company's stock worth $24,364,000 after purchasing an additional 254,951 shares in the last quarter. Northern Trust Corp boosted its position in shares of Adient by 6.8% during the 4th quarter. Northern Trust Corp now owns 1,129,645 shares of the company's stock worth $19,464,000 after purchasing an additional 72,077 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Adient by 13.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,091,272 shares of the company's stock worth $18,803,000 after purchasing an additional 127,826 shares in the last quarter. Lyrical Asset Management LP boosted its position in shares of Adient by 0.5% during the 4th quarter. Lyrical Asset Management LP now owns 1,020,869 shares of the company's stock worth $17,590,000 after purchasing an additional 4,984 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in shares of Adient by 1.1% during the 4th quarter. William Blair Investment Management LLC now owns 817,502 shares of the company's stock worth $14,086,000 after purchasing an additional 8,645 shares in the last quarter. Institutional investors own 92.44% of the company's stock.

Adient Stock Down 1.4%

NYSE:ADNT traded down $0.30 on Friday, hitting $21.75. The stock had a trading volume of 1,125,824 shares, compared to its average volume of 1,453,267. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.11. The stock has a market cap of $1.83 billion, a P/E ratio of -6.80, a price-to-earnings-growth ratio of 0.70 and a beta of 1.69. Adient has a 1 year low of $10.04 and a 1 year high of $26.59. The firm's fifty day simple moving average is $18.32 and its two-hundred day simple moving average is $16.03.

Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.33. Adient had a negative net margin of 1.86% and a positive return on equity of 7.70%. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the business posted $0.54 EPS. Adient's quarterly revenue was down 3.7% compared to the same quarter last year. Analysts predict that Adient will post 1.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ADNT shares. Bank of America increased their price objective on shares of Adient from $15.00 to $17.50 and gave the stock an "underperform" rating in a research report on Monday, June 16th. Morgan Stanley lowered their target price 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. Wells Fargo & Company upped their target price on shares of Adient from $17.00 to $18.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Wall Street Zen lowered shares of Adient from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Citigroup began coverage on shares of Adient in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $14.00 target price on the stock. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $20.06.

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.