Adient plc (NYSE:ADNT) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its stake in shares of Adient plc (NYSE:ADNT - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,432,140 shares of the company's stock after selling 41,736 shares during the quarter. Vanguard Group Inc. owned about 4.09% of Adient worth $59,136,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ADNT. Pzena Investment Management LLC increased its position in Adient by 28.5% during the fourth quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company's stock worth $62,535,000 after purchasing an additional 803,961 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Adient by 263.6% during the 4th quarter. Quantbot Technologies LP now owns 80,294 shares of the company's stock worth $1,383,000 after buying an additional 58,209 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Adient by 36.5% in the 3rd quarter. Principal Financial Group Inc. now owns 411,199 shares of the company's stock worth $9,281,000 after buying an additional 109,850 shares during the period. IFP Advisors Inc boosted its holdings in Adient by 6,924.2% in the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock valued at $40,000 after acquiring an additional 2,285 shares during the last quarter. Finally, Empowered Funds LLC grew its position in Adient by 5.1% during the fourth quarter. Empowered Funds LLC now owns 309,891 shares of the company's stock valued at $5,339,000 after acquiring an additional 15,109 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

Analyst Upgrades and Downgrades

ADNT has been the topic of several research analyst reports. UBS Group reduced their price objective on Adient from $20.00 to $13.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. StockNews.com upgraded shares of Adient from a "hold" rating to a "buy" rating in a research note on Tuesday, April 1st. Bank of America lowered shares of Adient from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $24.00 to $18.00 in a report on Tuesday, March 4th. JPMorgan Chase & Co. lowered their price target on Adient from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Finally, Morgan Stanley reduced their price objective on Adient from $19.00 to $17.00 and set an "underweight" rating on the stock in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $19.00.

Adient Stock Up 2.5 %

ADNT stock traded up $0.27 during midday trading on Thursday, hitting $11.22. 139,921 shares of the company's stock were exchanged, compared to its average volume of 1,606,932. The firm has a 50 day moving average price of $14.21 and a 200-day moving average price of $17.45. Adient plc has a 12-month low of $10.04 and a 12-month high of $31.19. The stock has a market capitalization of $942.06 million, a price-to-earnings ratio of 561.20, a price-to-earnings-growth ratio of 0.34 and a beta of 1.97. 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 earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same quarter in the prior year, the company posted $0.31 earnings per share. On average, analysts anticipate that Adient plc will post 1.76 EPS for the current year.

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.