Adient $ADNT Shares Sold by Rhumbline Advisers

Key Points

• Rhumbline Advisers has reduced its stake in Adient by 4.9%, resulting in ownership of 262,717 shares now valued at approximately $3.38 million.
• Other large investors have increased their positions in Adient, with Hotchkis & Wiley Capital Management raising their stake by 22.4% during the same quarter.
• Adient's stock has been given mixed ratings, with analysts suggesting a target price range between $17.00 and $27.00, reflecting uncertainty about its performance.

Rhumbline Advisers trimmed its stake in Adient (NYSE:ADNT - Free Report) by 4.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 262,717 shares of the company's stock after selling 13,458 shares during the period. Rhumbline Advisers owned about 0.31% of Adient worth $3,379,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in ADNT. Brooklyn Investment Group increased its stake in Adient by 23,600.0% during the 1st quarter. Brooklyn Investment Group now owns 2,133 shares of the company's stock worth $27,000 after buying an additional 2,124 shares during the period. GAMMA Investing LLC increased its stake in Adient by 157.5% during the 1st quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock worth $29,000 after buying an additional 1,367 shares during the period. CWM LLC increased its stake in Adient by 91.4% during the 1st quarter. CWM LLC now owns 3,426 shares of the company's stock worth $44,000 after buying an additional 1,636 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Adient by 418.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,679 shares of the company's stock worth $60,000 after buying an additional 3,776 shares during the period. Finally, Plato Investment Management Ltd purchased a new stake in Adient during the 1st quarter worth approximately $67,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Adient Stock Down 3.1%

Shares of Adient stock traded down $0.78 during trading hours on Friday, hitting $24.44. The company had a trading volume of 632,437 shares, compared to its average volume of 1,392,821. The company's 50-day moving average is $23.38 and its two-hundred day moving average is $18.02. Adient has a twelve month low of $10.04 and a twelve month high of $25.84. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.12 and a quick ratio of 0.92. The company has a market cap of $1.99 billion, a P/E ratio of -9.22, a price-to-earnings-growth ratio of 0.93 and a beta of 1.76.

Adient (NYSE:ADNT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.02). Adient had a negative net margin of 1.53% and a positive return on equity of 8.25%. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the previous year, the company posted $0.32 EPS. The company's quarterly revenue was up .7% on a year-over-year basis. Analysts anticipate that Adient will post 1.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of Adient from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Wall Street Zen raised shares of Adient from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Bank of America upped their target price on shares of Adient from $17.50 to $20.00 and gave the stock an "underperform" rating in a research note on Wednesday, September 10th. Stifel Nicolaus initiated coverage on shares of Adient in a report on Thursday, August 21st. They set a "buy" rating and a $27.00 price target for the company. Finally, UBS Group boosted their price target on shares of Adient from $25.00 to $26.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $21.75.

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.