Adient plc (NYSE:ADNT) Shares Sold by Fmr LLC

FMR LLC decreased its position in Adient plc (NYSE:ADNT - Free Report) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,385,903 shares of the company's stock after selling 1,047,504 shares during the quarter. FMR LLC owned 9.99% of Adient worth $144,489,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Pzena Investment Management LLC grew its holdings in Adient by 28.5% during the 4th quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company's stock valued at $62,535,000 after purchasing an additional 803,961 shares in the last quarter. State Street Corp boosted its position in Adient by 4.8% in the 3rd quarter. State Street Corp now owns 3,443,471 shares of the company's stock valued at $77,719,000 after buying an additional 158,017 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Adient by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,091,272 shares of the company's stock valued at $18,803,000 after acquiring an additional 127,826 shares in the last quarter. Lyrical Asset Management LP increased its position in shares of Adient by 0.5% during the fourth quarter. Lyrical Asset Management LP now owns 1,020,869 shares of the company's stock worth $17,590,000 after acquiring an additional 4,984 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its stake in shares of Adient by 1.1% in the fourth quarter. William Blair Investment Management LLC now owns 817,502 shares of the company's stock worth $14,086,000 after acquiring an additional 8,645 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ADNT shares. Bank of America downgraded Adient from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $24.00 to $18.00 in a report on Tuesday, March 4th. UBS Group cut their price target on shares of Adient from $20.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Barclays lowered shares of Adient from an "equal weight" rating to a "negative" rating in a report on Tuesday. JPMorgan Chase & Co. lowered their price objective on Adient from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Finally, StockNews.com raised Adient from a "hold" rating to a "buy" rating in a report on Tuesday, April 1st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $19.00.

Adient Stock Performance

Shares of Adient stock traded up $0.49 on Friday, reaching $11.44. 1,244,234 shares of the company were exchanged, compared to its average volume of 1,395,275. The firm has a market cap of $959.94 million, a price-to-earnings ratio of 571.85, a P/E/G ratio of 0.34 and a beta of 1.97. Adient plc has a 1-year low of $10.04 and a 1-year high of $31.19. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08. The company's 50-day moving average is $14.10 and its two-hundred day moving average is $17.37.

Adient (NYSE:ADNT - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same period last year, the business earned $0.31 earnings per share. As a group, research analysts expect that Adient plc will post 1.76 earnings per share for the current fiscal year.

About Adient

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.