Knights of Columbus Asset Advisors LLC Raises Stake in Adient plc (NYSE:ADNT)

Knights of Columbus Asset Advisors LLC grew its holdings in Adient plc (NYSE:ADNT - Free Report) by 102.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,754 shares of the company's stock after acquiring an additional 53,121 shares during the period. Knights of Columbus Asset Advisors LLC owned about 0.11% of Adient worth $3,809,000 at the end of the most recent quarter.

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

Adient Price Performance

Shares of NYSE ADNT traded up $0.81 during mid-day trading on Friday, reaching $28.83. The company's stock had a trading volume of 1,054,873 shares, compared to its average volume of 1,088,964. The stock has a 50-day moving average of $32.77 and a two-hundred day moving average of $33.75. The stock has a market capitalization of $2.63 billion, a P/E ratio of 12.87, a P/E/G ratio of 0.30 and a beta of 2.51. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.91 and a current ratio of 1.15. Adient plc has a 1-year low of $27.73 and a 1-year high of $46.51.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $3.76 billion. During the same period in the prior year, the company posted $0.34 EPS. The company's revenue for the quarter was up .0% compared to the same quarter last year. On average, equities research analysts anticipate that Adient plc will post 2.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on ADNT shares. 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 note on Thursday, February 8th. Bank of America reduced their price objective on shares of Adient from $50.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, April 10th. Barclays restated an "equal weight" rating and set a $37.00 price objective (down from $41.00) on shares of Adient in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. reduced 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, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Adient has an average rating of "Hold" and an average price target of $42.86.

Insider Activity at Adient

In related news, EVP Heather M. Tiltmann sold 10,000 shares of the company's stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $33.68, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.

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.