Arizona State Retirement System Sells 783 Shares of Adient plc (NYSE:ADNT)

Arizona State Retirement System trimmed its position in shares of Adient plc (NYSE:ADNT) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 26,181 shares of the company’s stock after selling 783 shares during the quarter. Arizona State Retirement System’s holdings in Adient were worth $952,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ADNT. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Adient in the 1st quarter worth approximately $214,000. Bank of Montreal Can grew its position in shares of Adient by 45.3% in the 1st quarter. Bank of Montreal Can now owns 77,628 shares of the company’s stock worth $3,169,000 after buying an additional 24,213 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Adient by 11.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,731 shares of the company’s stock worth $1,416,000 after buying an additional 3,493 shares during the last quarter. BlackRock Inc. grew its position in shares of Adient by 1.6% in the 1st quarter. BlackRock Inc. now owns 10,748,066 shares of the company’s stock worth $438,197,000 after buying an additional 167,887 shares during the last quarter. Finally, Great West Life Assurance Co. Can bought a new stake in shares of Adient in the 1st quarter worth approximately $2,433,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Adient

In other news, EVP Heather M. Tiltmann sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total value of $336,800.00. Following the completion of 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 Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Adient Stock Down 1.9 %

Shares of NYSE:ADNT opened at $28.63 on Wednesday. The stock has a fifty day simple moving average of $33.23 and a two-hundred day simple moving average of $33.95. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 0.30 and a beta of 2.51. Adient plc has a 12-month low of $28.35 and a 12-month high of $46.51. 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 (NYSE:ADNT) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.16). The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Adient had a net margin of 1.39% and a return on equity of 7.90%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. On average, research analysts anticipate that Adient plc will post 2.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ADNT shares. Bank of America cut their price objective on Adient from $50.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Wells Fargo & Company dropped their price target on Adient from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Barclays restated 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, April 10th. Finally, JPMorgan Chase & Co. dropped their price target on Adient from $41.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $42.86.

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.