294,782 Shares in Adient plc (NYSE:ADNT) Purchased by Empowered Funds LLC

Empowered Funds LLC acquired a new position in Adient plc (NYSE:ADNT) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 294,782 shares of the company’s stock, valued at approximately $6,653,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. grew its stake in shares of Adient by 1.3% during the first quarter. Sei Investments Co. now owns 51,206 shares of the company’s stock valued at $1,686,000 after buying an additional 643 shares during the last quarter. ProShare Advisors LLC grew its position in Adient by 2.0% in the 1st quarter. ProShare Advisors LLC now owns 20,885 shares of the company’s stock valued at $688,000 after acquiring an additional 417 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Adient by 17.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 32,122 shares of the company’s stock worth $1,057,000 after purchasing an additional 4,830 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Adient by 33.4% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,799 shares of the company’s stock worth $377,000 after purchasing an additional 2,956 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Adient by 221.5% during the first quarter. Acadian Asset Management LLC now owns 12,914 shares of the company’s stock worth $425,000 after purchasing an additional 8,897 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Adient Stock Down 2.5 %

Adient stock opened at $19.89 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 0.98. The firm has a market cap of $1.73 billion, a P/E ratio of 86.48, a P/E/G ratio of 0.44 and a beta of 2.18. The business has a fifty day moving average of $21.32 and a two-hundred day moving average of $23.84. Adient plc has a twelve month low of $19.30 and a twelve month high of $37.19.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Adient had a return on equity of 6.86% and a net margin of 0.12%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS. On average, analysts forecast that Adient plc will post 2.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ADNT shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $24.00 price target on shares of Adient in a report on Tuesday, September 10th. Wells Fargo & Company reduced their target price on shares of Adient from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. Morgan Stanley decreased their price target on shares of Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a research note on Thursday. UBS Group dropped their price objective on Adient from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, Bank of America decreased their target price on Adient from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.13.

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.