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

Tower Research Capital LLC TRC reduced its stake in shares of Adient plc (NYSE:ADNT - Free Report) by 67.5% in the fourth quarter, according to its most recent filing with the SEC. 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 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MetLife Investment Management LLC grew its holdings in Adient by 5.7% during the fourth quarter. MetLife Investment Management LLC now owns 54,838 shares of the company's stock worth $945,000 after buying an additional 2,937 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Adient by 3.2% in the 4th quarter. First Trust Advisors LP now owns 162,886 shares of the company's stock worth $2,807,000 after acquiring an additional 5,097 shares in the last quarter. HITE Hedge Asset Management LLC raised its holdings in shares of Adient by 122.4% in the fourth quarter. HITE Hedge Asset Management LLC now owns 816,286 shares of the company's stock valued at $14,065,000 after purchasing an additional 449,272 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Adient during the fourth quarter valued at about $960,000. Finally, Jump Financial LLC boosted its holdings in Adient by 464.6% during the fourth quarter. Jump Financial LLC now owns 163,729 shares of the company's stock worth $2,821,000 after purchasing an additional 134,729 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ADNT shares. Bank of America downgraded Adient from a "neutral" rating to an "underperform" rating and cut their target price for the stock from $24.00 to $18.00 in a research note on Tuesday, March 4th. Citigroup initiated coverage on Adient in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $14.00 price objective on the stock. Morgan Stanley decreased their target price on Adient from $19.00 to $17.00 and set an "underweight" rating for the company in a research report on Monday, March 3rd. JPMorgan Chase & Co. cut their price target on shares of Adient from $24.00 to $21.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Finally, StockNews.com upgraded shares of Adient from a "hold" rating to a "buy" rating in a report on Saturday, April 26th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Adient has a consensus rating of "Hold" and a consensus target price of $18.44.

Adient Stock Up 0.9 %

Adient stock opened at $12.76 on Friday. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 638.00, a P/E/G ratio of 0.34 and a beta of 1.97. The firm has a 50 day simple moving average of $13.04 and a 200 day simple moving average of $16.65. Adient plc has a 1-year low of $10.04 and a 1-year high of $30.89. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same period in the prior year, the business earned $0.31 EPS. On average, analysts predict that Adient plc will post 1.76 earnings per share 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.

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