Nisa Investment Advisors LLC Has $254,000 Holdings in Adient plc (NYSE:ADNT)

Nisa Investment Advisors LLC increased its stake in shares of Adient plc (NYSE:ADNT) by 18.9% in the fourth quarter, Holdings Channel reports. The firm owned 6,991 shares of the company’s stock after buying an additional 1,109 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Adient were worth $254,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Point72 Asset Management L.P. acquired a new stake in shares of Adient during the second quarter worth $27,000. Headlands Technologies LLC acquired a new stake in shares of Adient during the third quarter worth $46,000. AM Squared Ltd acquired a new stake in shares of Adient during the third quarter worth $106,000. Lazard Asset Management LLC acquired a new stake in shares of Adient during the second quarter worth $133,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Adient by 341.8% during the second quarter. PNC Financial Services Group Inc. now owns 5,160 shares of the company’s stock worth $198,000 after purchasing an additional 7,294 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Heather M. Tiltmann sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total value of $336,800.00. Following the sale, the executive vice president now directly owns 55,669 shares in the company, valued at $1,874,931.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wells Fargo & Company decreased their price objective on Adient from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Barclays reissued an “equal weight” rating and issued a $37.00 target price (down from $41.00) on shares of Adient in a research note on Wednesday, April 10th. Bank of America decreased their target price on Adient from $50.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. decreased their target price on Adient from $41.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Adient currently has an average rating of “Hold” and an average target price of $42.86.

Adient Stock Performance

Shares of Adient stock opened at $28.02 on Friday. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 0.29 and a beta of 2.51. The stock’s 50-day moving average is $32.99 and its 200-day moving average is $33.86. Adient plc has a one year low of $27.73 and a one year high of $46.51. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.15 and a quick ratio of 0.91.

Adient (NYSE:ADNT) 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 firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.76 billion. Adient had a net margin of 1.39% and a return on equity of 7.90%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. Equities analysts predict that Adient plc will post 2.61 earnings per share 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.