Adient plc (NYSE:ADNT) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in shares of Adient plc (NYSE:ADNT - Free Report) by 12.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,486,307 shares of the company's stock after buying an additional 271,786 shares during the period. Vanguard Group Inc. owned approximately 2.65% of Adient worth $91,247,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. UBS Group AG grew its position in Adient by 11.4% in the third quarter. UBS Group AG now owns 229,189 shares of the company's stock worth $8,411,000 after buying an additional 23,450 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Adient by 11.0% during the 3rd quarter. Deutsche Bank AG now owns 49,949 shares of the company's stock worth $1,833,000 after purchasing an additional 4,956 shares during the period. Van ECK Associates Corp increased its holdings in shares of Adient by 136.1% during the 3rd quarter. Van ECK Associates Corp now owns 66,967 shares of the company's stock worth $2,458,000 after purchasing an additional 38,604 shares during the period. Hsbc Holdings PLC bought a new stake in Adient in the third quarter valued at about $2,146,000. Finally, Jump Financial LLC increased its stake in Adient by 552.8% in the third quarter. Jump Financial LLC now owns 49,553 shares of the company's stock valued at $1,819,000 after acquiring an additional 41,962 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Adient

In related news, EVP Heather M. Tiltmann sold 10,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $33.68, for a total transaction of $336,800.00. Following the sale, the executive vice president now directly owns 55,669 shares of the company's stock, valued at approximately $1,874,931.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ADNT shares. TheStreet lowered shares of Adient from a "b-" rating to a "c+" rating in a report on Tuesday, December 12th. Wells Fargo & Company decreased their target price on shares of Adient from $41.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, February 8th. Barclays decreased their price objective on shares of Adient from $47.00 to $43.00 and set an "overweight" rating for the company in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Adient from $41.00 to $40.00 and set a "neutral" rating for the company in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $43.33.

Adient Stock Down 0.4 %

Shares of ADNT traded down $0.11 during trading hours on Friday, reaching $31.15. 1,048,355 shares of the stock traded hands, compared to its average volume of 1,048,783. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.29 and a beta of 2.51. The company has a current ratio of 1.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.92. Adient plc has a 52 week low of $30.10 and a 52 week high of $46.51. The stock has a fifty day simple moving average of $33.80 and a 200 day simple moving average of $34.22.

Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.16). The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.76 billion. Adient had a net margin of 1.39% and a return on equity of 7.90%. Adient's revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 EPS. On average, equities analysts forecast that Adient plc will post 2.65 EPS for the current 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.