Tower Research Capital LLC TRC Sells 35,232 Shares of Adient plc (NYSE:ADNT)

Tower Research Capital LLC TRC lowered its holdings in Adient plc (NYSE:ADNT - Free Report) by 67.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,983 shares of the company's stock after selling 35,232 shares during the period. Tower Research Capital LLC TRC's holdings in Adient were worth $293,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Covestor Ltd raised its position in Adient by 10.6% in the 4th quarter. Covestor Ltd now owns 6,062 shares of the company's stock worth $104,000 after purchasing an additional 580 shares during the period. Mariner LLC raised its holdings in Adient by 8.6% during the 4th quarter. Mariner LLC now owns 10,157 shares of the company's stock valued at $175,000 after buying an additional 801 shares during the last quarter. Oarsman Capital Inc. boosted its position in Adient by 98.7% during the 4th quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock valued at $51,000 after buying an additional 1,473 shares during the period. R Squared Ltd bought a new stake in Adient in the 4th quarter worth $32,000. Finally, Versant Capital Management Inc increased its position in shares of Adient by 10,316.7% in the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company's stock valued at $32,000 after acquiring an additional 1,857 shares during the period. Institutional investors own 92.44% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ADNT. JPMorgan Chase & Co. reduced their price target on Adient from $24.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. UBS Group cut their price target on shares of Adient from $20.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Bank of America lowered shares of Adient from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $24.00 to $18.00 in a report on Tuesday, March 4th. Morgan Stanley cut their target price on shares of Adient from $19.00 to $17.00 and set an "underweight" rating on the stock in a research note on Monday, March 3rd. Finally, StockNews.com upgraded Adient from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $17.78.

Adient Stock Performance

Shares of ADNT traded up $0.74 during trading hours on Thursday, hitting $13.32. The stock had a trading volume of 361,773 shares, compared to its average volume of 1,385,276. The firm has a market capitalization of $1.12 billion, a PE ratio of 666.00, a PEG ratio of 0.34 and a beta of 1.60. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86. Adient plc has a 12 month low of $10.04 and a 12 month high of $30.29. The stock has a fifty day moving average price of $12.83 and a 200 day moving average price of $16.45.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.36 by $0.33. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. The business's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 EPS. Analysts anticipate that Adient plc will post 1.76 EPS for the current year.

Adient Company 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.