Foundry Partners LLC Makes New Investment in Adient plc (NYSE:ADNT)

Foundry Partners LLC bought a new position in shares of Adient plc (NYSE:ADNT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 107,242 shares of the company's stock, valued at approximately $3,899,000. Foundry Partners LLC owned approximately 0.12% of Adient as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bank of America decreased their target price on Adient from $50.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, April 10th. Barclays reaffirmed an "equal weight" rating and issued a $37.00 target price (down previously from $41.00) on shares of Adient in a research report on Wednesday, April 10th. JPMorgan Chase & Co. decreased their target price on Adient from $40.00 to $37.00 and set a "neutral" rating for the company in a research report on Monday. Finally, Wells Fargo & Company decreased their target price on Adient from $41.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Adient currently has a consensus rating of "Hold" and an average price target of $42.43.

Insider Transactions at Adient

In other news, EVP Heather M. Tiltmann sold 10,000 shares of the firm's 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 directly owns 55,669 shares of the company's stock, valued at approximately $1,874,931.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company's stock.

Adient Stock Performance

ADNT traded up $0.16 during trading hours on Monday, hitting $28.99. The company's stock had a trading volume of 847,676 shares, compared to its average volume of 1,029,709. Adient plc has a fifty-two week low of $27.73 and a fifty-two week high of $46.51. The company has a current ratio of 1.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $2.65 billion, a PE ratio of 12.85, a PEG ratio of 0.30 and a beta of 2.51. The company has a 50-day simple moving average of $32.77 and a 200 day simple moving average of $33.74.

Adient (NYSE:ADNT - Get Free Report) last posted its earnings results on Wednesday, February 7th. The company reported $0.31 EPS 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 business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. The firm's revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts expect that Adient plc will post 2.57 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.