Northern Trust Corp Purchases 72,077 Shares of Adient plc (NYSE:ADNT)

Northern Trust Corp boosted its stake in shares of Adient plc (NYSE:ADNT - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,129,645 shares of the company's stock after acquiring an additional 72,077 shares during the period. Northern Trust Corp owned 1.35% of Adient worth $19,464,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Aquatic Capital Management LLC bought a new position in Adient during the 4th quarter worth $638,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Adient in the 4th quarter valued at $1,014,000. Price T Rowe Associates Inc. MD increased its stake in shares of Adient by 8.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 64,850 shares of the company's stock valued at $1,118,000 after purchasing an additional 4,999 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Adient by 41.9% in the 4th quarter. Hsbc Holdings PLC now owns 41,266 shares of the company's stock valued at $711,000 after purchasing an additional 12,194 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Adient by 5.7% in the 4th quarter. MetLife Investment Management LLC now owns 54,838 shares of the company's stock valued at $945,000 after purchasing an additional 2,937 shares during the last quarter. Institutional investors own 92.44% of the company's stock.

Analysts Set New Price Targets

ADNT has been the topic of several recent analyst reports. Barclays lowered Adient from an "equal weight" rating to a "negative" rating in a research note on Tuesday, April 15th. Wells Fargo & Company lifted their price target on Adient from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. StockNews.com upgraded Adient from a "hold" rating to a "buy" rating in a research note on Saturday, April 26th. Morgan Stanley cut their price objective on Adient from $19.00 to $17.00 and set an "underweight" rating on the stock in a report on Monday, March 3rd. Finally, Citigroup assumed coverage on Adient in a report on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $18.00.

Adient Trading Up 2.0%

ADNT traded up $0.31 during midday trading on Friday, hitting $15.80. 1,388,832 shares of the company were exchanged, compared to its average volume of 1,408,295. The firm has a market capitalization of $1.33 billion, a P/E ratio of 790.00, a P/E/G ratio of 0.34 and a beta of 1.60. Adient plc has a 1-year low of $10.04 and a 1-year high of $29.52. The firm's 50 day moving average price is $12.91 and its 200-day moving average price is $16.16. 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 earnings results on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.36 by $0.33. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. The business's quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. As a group, equities analysts forecast that Adient plc will post 1.76 EPS for the current fiscal 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.