Pacer Advisors Inc. Purchases 12,218 Shares of Adient plc (NYSE:ADNT)

Pacer Advisors Inc. boosted its position in Adient plc (NYSE:ADNTFree Report) by 72.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,153 shares of the company’s stock after acquiring an additional 12,218 shares during the quarter. Pacer Advisors Inc.’s holdings in Adient were worth $1,060,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new position in Adient in the second quarter valued at approximately $27,000. Headlands Technologies LLC bought a new position in Adient in the third quarter valued at approximately $46,000. AM Squared Ltd bought a new position in Adient in the third quarter valued at approximately $106,000. Lazard Asset Management LLC bought a new position in Adient in the second quarter valued at approximately $133,000. Finally, PNC Financial Services Group Inc. increased its stake in Adient by 341.8% in the second quarter. PNC Financial Services Group Inc. now owns 5,160 shares of the company’s stock valued at $198,000 after acquiring an additional 7,294 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ADNT. TheStreet cut shares of Adient from a “b-” rating to a “c+” rating in a research note on Tuesday, December 12th. JPMorgan Chase & Co. decreased their target price on shares of Adient from $41.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Barclays decreased their target price on shares of Adient from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company decreased their target price on shares of Adient from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $43.33.

Check Out Our Latest Stock Analysis on ADNT

Adient Price Performance

Shares of NYSE:ADNT opened at $31.55 on Wednesday. The firm has a market cap of $2.88 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 0.28 and a beta of 2.51. The firm’s fifty day moving average is $34.00 and its 200-day moving average is $34.33. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.91 and a current ratio of 1.15. Adient plc has a 52 week low of $30.10 and a 52 week high of $46.51.

Adient (NYSE:ADNTGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.16). The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. Adient had a return on equity of 7.90% and a net margin of 1.39%. Adient’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. Sell-side analysts predict that Adient plc will post 2.68 earnings per share for the current year.

Insider Transactions at Adient

In related news, EVP Heather M. Tiltmann sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $33.68, for a total value of $336,800.00. Following the transaction, the executive vice president now owns 55,669 shares in the company, valued at $1,874,931.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.30% of the stock is owned by company insiders.

About Adient

(Free Report)

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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Institutional Ownership by Quarter for Adient (NYSE:ADNT)

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