Adient plc (NYSE:ADNT) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in shares of Adient plc (NYSE:ADNT) by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,359 shares of the company’s stock after selling 850 shares during the period. State of Alaska Department of Revenue’s holdings in Adient were worth $376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS Group AG increased its position in shares of Adient by 11.4% during the third quarter. UBS Group AG now owns 229,189 shares of the company’s stock valued at $8,411,000 after acquiring an additional 23,450 shares during the last quarter. Deutsche Bank AG increased its position in shares of Adient by 11.0% during the third quarter. Deutsche Bank AG now owns 49,949 shares of the company’s stock valued at $1,833,000 after acquiring an additional 4,956 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Adient by 136.1% during the third quarter. Van ECK Associates Corp now owns 66,967 shares of the company’s stock valued at $2,458,000 after acquiring an additional 38,604 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Adient during the third quarter valued at about $2,146,000. Finally, Jump Financial LLC increased its position in shares of Adient by 552.8% during the third quarter. Jump Financial LLC now owns 49,553 shares of the company’s stock valued at $1,819,000 after acquiring an additional 41,962 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ADNT. Barclays reiterated an “equal weight” rating and set a $37.00 price target (down from $41.00) on shares of Adient in a research report on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of Adient from $41.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Bank of America dropped their price objective on shares of Adient from $50.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company decreased their price target on shares of Adient from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $42.86.

Insider Activity

In other news, EVP Heather M. Tiltmann sold 10,000 shares of Adient 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 directly owns 55,669 shares of the company’s stock, valued at approximately $1,874,931.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Adient Stock Down 4.4 %

Shares of NYSE:ADNT opened at $29.76 on Friday. The company has a market capitalization of $2.72 billion, a PE ratio of 13.29, a P/E/G ratio of 0.31 and a beta of 2.51. The company has a current ratio of 1.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.92. Adient plc has a twelve month low of $29.30 and a twelve month high of $46.51. The firm has a 50 day simple moving average of $33.34 and a 200-day simple moving average of $34.02.

Adient (NYSE:ADNT) last announced its 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 during the quarter, compared to analyst estimates of $3.76 billion. Adient had a net margin of 1.39% and a return on equity of 7.90%. The business’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 earnings per share. On average, equities analysts predict that Adient plc will post 2.61 EPS for the current fiscal year.

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.