Retirement Systems of Alabama lessened its holdings in Adient plc (NYSE:ADNT - Free Report) by 40.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,300 shares of the company's stock after selling 78,341 shares during the quarter. Retirement Systems of Alabama owned 0.13% of Adient worth $4,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. Foundry Partners LLC bought a new position in Adient in the 4th quarter valued at $3,899,000. UBS Group AG grew its stake in 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 purchasing an additional 23,450 shares during the period. Deutsche Bank AG grew its stake 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 acquiring an additional 4,956 shares during the period. Van ECK Associates Corp grew its stake 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 acquiring an additional 38,604 shares during the period. Finally, Hsbc Holdings PLC bought a new position in shares of Adient during the 3rd quarter worth $2,146,000. Institutional investors own 92.44% of the company's stock.
Adient Price Performance
ADNT traded down $0.38 during trading on Tuesday, reaching $27.74. 1,292,751 shares of the company were exchanged, compared to its average volume of 1,056,763. The company's 50-day moving average is $31.70 and its two-hundred day moving average is $33.24. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 0.29 and a beta of 2.39. The company has a quick ratio of 0.91, a current ratio of 1.13 and a debt-to-equity ratio of 1.00. Adient plc has a 12-month low of $26.97 and a 12-month high of $46.51.
Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings results on Friday, May 3rd. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.15. Adient had a return on equity of 8.72% and a net margin of 1.04%. The firm had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $3.80 billion. During the same quarter last year, the firm posted $0.32 EPS. The company's revenue was down 4.1% compared to the same quarter last year. Research analysts forecast that Adient plc will post 2.53 earnings per share for the current fiscal year.
Analyst Ratings Changes
ADNT has been the subject of several research reports. JPMorgan Chase & Co. cut their price target on Adient from $40.00 to $37.00 and set a "neutral" rating for the company in a research note on Monday, April 22nd. Bank of America cut their price target on Adient from $50.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, April 10th. Wells Fargo & Company cut their price target on Adient from $38.00 to $33.00 and set an "overweight" rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft cut their price target on Adient from $32.00 to $30.00 and set a "hold" rating for the company in a research note on Monday. Finally, Barclays cut their price target on Adient from $37.00 to $34.00 and set an "equal weight" rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $39.63.
Read Our Latest Stock Report on Adient
Insider Buying and Selling at Adient
In other Adient news, EVP Heather M. Tiltmann sold 10,000 shares of the firm's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total value of $336,800.00. Following the sale, the executive vice president now owns 55,669 shares of the company's stock, valued at approximately $1,874,931.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company's stock.
Adient Profile
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Free Report)
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.
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