Adient plc (NYSE:ADNT) Shares Sold by Strs Ohio

Strs Ohio lessened its stake in Adient plc (NYSE:ADNT) by 13.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 27,100 shares of the company’s stock after selling 4,200 shares during the period. Strs Ohio’s holdings in Adient were worth $985,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Adient in the 3rd quarter valued at about $46,000. AM Squared Ltd acquired a new position in shares of Adient in the 3rd quarter valued at about $106,000. Dark Forest Capital Management LP acquired a new position in shares of Adient in the 3rd quarter valued at about $205,000. Handelsinvest Investeringsforvaltning acquired a new position in shares of Adient in the 4th quarter valued at about $207,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Adient by 20.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,743 shares of the company’s stock valued at $211,000 after buying an additional 962 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Price Performance

NYSE:ADNT opened at $28.95 on Wednesday. Adient plc has a 12 month low of $27.73 and a 12 month high of $46.51. The stock has a 50 day moving average of $32.57 and a two-hundred day moving average of $33.65. The company has a current ratio of 1.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.92. The firm has a market cap of $2.64 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 0.30 and a beta of 2.51.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.16). The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Adient had a return on equity of 7.90% and a net margin of 1.39%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 earnings per share. On average, analysts expect that Adient plc will post 2.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Heather M. Tiltmann sold 10,000 shares of the stock in a transaction that occurred 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 directly owns 55,669 shares in the company, valued at $1,874,931.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wells Fargo & Company reduced their price target on Adient from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. Barclays reaffirmed an “equal weight” rating and issued a $37.00 price target (down previously from $41.00) on shares of Adient in a report on Wednesday, April 10th. JPMorgan Chase & Co. reduced their price target on Adient from $40.00 to $37.00 and set a “neutral” rating for the company in a report on Monday. Finally, Bank of America reduced their price target on Adient from $50.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Adient has a consensus rating of “Hold” and a consensus price target of $42.43.

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.