Jacobs Levy Equity Management Inc. Trims Stock Position in Adient plc (NYSE:ADNT)

Jacobs Levy Equity Management Inc. reduced its position in Adient plc (NYSE:ADNT - Free Report) by 80.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,431 shares of the company's stock after selling 283,537 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.08% of Adient worth $1,214,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ADNT. R Squared Ltd purchased a new position in shares of Adient in the 4th quarter valued at approximately $32,000. IFP Advisors Inc raised its position in 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 buying an additional 2,285 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Adient by 803.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,738 shares of the company's stock valued at $47,000 after acquiring an additional 2,435 shares during the period. Oarsman Capital Inc. boosted its holdings in shares of Adient by 98.7% in the 4th quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock valued at $51,000 after acquiring an additional 1,473 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of 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 purchasing an additional 2,074 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ADNT. Citigroup assumed coverage on Adient in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 price objective for the company. Barclays downgraded Adient from an "equal weight" rating to a "negative" rating in a report on Tuesday, April 15th. StockNews.com raised shares of Adient from a "hold" rating to a "buy" rating in a report on Saturday, April 26th. Morgan Stanley lowered 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of Adient from $24.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $18.22.

Adient Price Performance

Shares of NYSE ADNT traded down $0.04 during midday trading on Tuesday, hitting $15.50. The stock had a trading volume of 977,615 shares, compared to its average volume of 1,410,377. The company has a market capitalization of $1.30 billion, a PE ratio of 775.00, a P/E/G ratio of 0.34 and a beta of 1.60. The stock has a 50 day simple moving average of $12.94 and a 200-day simple moving average of $16.08. Adient plc has a 1 year low of $10.04 and a 1 year high of $29.28. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.69 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the firm posted $0.54 EPS. The firm's revenue for the quarter was down 3.7% on a year-over-year basis. On average, sell-side analysts expect that Adient plc will post 1.76 EPS for the current fiscal year.

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.