Illinois Municipal Retirement Fund Invests $794,000 in Adient plc (NYSE:ADNT)

Illinois Municipal Retirement Fund bought a new stake in shares of Adient plc (NYSE:ADNT) during the fourth quarter, Holdings Channel.com reports. The fund bought 46,056 shares of the company’s stock, valued at approximately $794,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ADNT. R Squared Ltd purchased a new stake in Adient in the fourth quarter worth about $32,000. US Bancorp DE raised its position in shares of Adient by 583.8% in the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $42,000 after acquiring an additional 1,588 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Adient by 10,316.7% in the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock valued at $32,000 after purchasing an additional 1,857 shares during the period. IFP Advisors Inc lifted its stake in shares of Adient by 6,924.2% in the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock valued at $40,000 after purchasing an additional 2,285 shares during the period. Finally, KBC Group NV boosted its position in shares of Adient by 51.8% during the third quarter. KBC Group NV now owns 3,328 shares of the company’s stock valued at $75,000 after purchasing an additional 1,136 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

ADNT has been the subject of several recent research reports. StockNews.com raised Adient from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. 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. Morgan Stanley dropped their price objective on shares of Adient from $19.00 to $17.00 and set an “underweight” rating on the stock in a research note on Monday. Bank of America downgraded shares of Adient from a “buy” rating to a “neutral” rating and decreased their target price for the company from $30.00 to $24.00 in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. dropped their price target on Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Adient presently has a consensus rating of “Hold” and an average target price of $21.63.

Adient Price Performance

Shares of ADNT opened at $14.69 on Tuesday. The company has a market capitalization of $1.23 billion, a P/E ratio of 734.50, a price-to-earnings-growth ratio of 0.34 and a beta of 2.18. Adient plc has a twelve month low of $14.60 and a twelve month high of $35.94. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11. The firm has a 50 day moving average of $17.13 and a 200 day moving average of $19.53.

Adient (NYSE:ADNT) last announced its quarterly earnings results 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 company earned $0.31 EPS. As a group, equities research analysts anticipate that Adient plc will post 1.76 earnings per share for the current fiscal year.

Insider Activity

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

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.