Empowered Funds LLC Has $5.34 Million Stock Position in Adient plc (NYSE:ADNT)

Empowered Funds LLC raised its holdings in Adient plc (NYSE:ADNT) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 309,891 shares of the company’s stock after buying an additional 15,109 shares during the quarter. Empowered Funds LLC owned 0.37% of Adient worth $5,339,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC increased its position in Adient by 9.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock valued at $117,298,000 after buying an additional 442,200 shares in the last quarter. Pacer Advisors Inc. grew its stake in Adient by 38,074.9% in the third quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company’s stock valued at $116,110,000 after acquiring an additional 5,130,969 shares during the period. State Street Corp increased its holdings in shares of Adient by 4.8% during the third quarter. State Street Corp now owns 3,443,471 shares of the company’s stock valued at $77,719,000 after acquiring an additional 158,017 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of Adient by 45.0% during the third quarter. Pzena Investment Management LLC now owns 2,825,491 shares of the company’s stock valued at $63,771,000 after acquiring an additional 877,142 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Adient by 6.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 963,446 shares of the company’s stock worth $21,745,000 after purchasing an additional 55,387 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Insider Activity at Adient

In other Adient news, EVP James Conklin sold 11,500 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total transaction of $232,875.00. Following the completion of the transaction, the executive vice president now directly owns 51,829 shares of the company’s stock, valued at approximately $1,049,537.25. This represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is owned by company insiders.

Adient Price Performance

Adient stock opened at $17.22 on Wednesday. Adient plc has a 52 week low of $15.71 and a 52 week high of $35.94. The company’s 50 day moving average price is $17.63 and its two-hundred day moving average price is $20.12. The stock has a market cap of $1.44 billion, a P/E ratio of 860.75, a P/E/G ratio of 0.33 and a beta of 2.18. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the business earned $0.31 EPS. On average, equities analysts predict that Adient plc will post 1.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Barclays reduced their price objective on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Bank of America lowered shares of Adient from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $30.00 to $24.00 in a report on Thursday, November 21st. Morgan Stanley cut their price target on Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. lowered their price objective on Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $21.88.

Adient 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.