Ninety One UK Ltd Decreases Holdings in Adient plc (NYSE:ADNT)

Ninety One UK Ltd reduced its stake in shares of Adient plc (NYSE:ADNT - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 632,185 shares of the company's stock after selling 29,985 shares during the quarter. Ninety One UK Ltd owned 0.69% of Adient worth $22,986,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Capital World Investors lifted its position in Adient by 29.1% during the 1st quarter. Capital World Investors now owns 11,562,906 shares of the company's stock worth $471,420,000 after buying an additional 2,607,625 shares in the last quarter. Norges Bank acquired a new stake in shares of Adient in the 4th quarter valued at approximately $29,589,000. Balyasny Asset Management LLC raised its position in shares of Adient by 488.3% in the 3rd quarter. Balyasny Asset Management LLC now owns 846,694 shares of the company's stock valued at $23,496,000 after acquiring an additional 702,782 shares during the period. Balyasny Asset Management L.P. raised its position in shares of Adient by 218.4% in the 1st quarter. Balyasny Asset Management L.P. now owns 964,102 shares of the company's stock valued at $39,490,000 after acquiring an additional 661,350 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Adient by 208.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 872,293 shares of the company's stock valued at $32,013,000 after acquiring an additional 589,247 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of Adient from $41.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, February 8th. Barclays reissued an "equal weight" rating and set a $37.00 target price (down from $41.00) on shares of Adient in a research note on Wednesday, April 10th. Bank of America lowered their target price on Adient from $50.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. lowered their target price on Adient from $41.00 to $40.00 and set a "neutral" rating for the company in a research note on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $42.86.

Adient Stock Up 2.9 %

Shares of ADNT traded up $0.81 during mid-day trading on Friday, hitting $28.83. 1,054,866 shares of the company's stock were exchanged, compared to its average volume of 1,032,105. The company has a market cap of $2.63 billion, a PE ratio of 12.87, a P/E/G ratio of 0.29 and a beta of 2.51. Adient plc has a 52 week low of $27.73 and a 52 week high of $46.51. The company has a 50-day simple moving average of $32.88 and a 200 day simple moving average of $33.82. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.15 and a quick ratio of 0.91.

Adient (NYSE:ADNT - Get Free Report) last released its earnings results on Wednesday, February 7th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.16). Adient had a net margin of 1.39% and a return on equity of 7.90%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the business posted $0.34 earnings per share. Adient's quarterly revenue was up .0% compared to the same quarter last year. On average, research analysts forecast that Adient plc will post 2.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Adient

In other news, EVP Heather M. Tiltmann sold 10,000 shares of Adient stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total transaction of $336,800.00. Following the completion of the sale, the executive vice president now owns 55,669 shares of the company's stock, valued at $1,874,931.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.30% of the company's stock.

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.