Adient plc (NYSE:ADNT) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its position in Adient plc (NYSE:ADNT) by 20.3% during the fourth quarter, Holdings Channel reports. The fund owned 208,182 shares of the company’s stock after purchasing an additional 35,117 shares during the quarter. Federated Hermes Inc.’s holdings in Adient were worth $7,569,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of ADNT. Headlands Technologies LLC acquired a new position in Adient during the 3rd quarter valued at about $46,000. AM Squared Ltd acquired a new position in shares of Adient in the 3rd quarter worth approximately $106,000. Dark Forest Capital Management LP acquired a new position in shares of Adient in the 3rd quarter worth approximately $205,000. Handelsinvest Investeringsforvaltning acquired a new position in shares of Adient in the 4th quarter worth approximately $207,000. Finally, Allspring Global Investments Holdings LLC grew its stake 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 worth $211,000 after purchasing an additional 962 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Activity

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 transaction of $336,800.00. Following the transaction, the executive vice president now owns 55,669 shares of the company’s stock, valued at $1,874,931.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Barclays reaffirmed an “equal weight” rating and issued a $37.00 price objective (down previously from $41.00) on shares of Adient in a research note on Wednesday, April 10th. Bank of America decreased their target price on shares of Adient from $50.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Wells Fargo & Company decreased their target price on shares of Adient from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Adient from $40.00 to $37.00 and set a “neutral” rating for the company in a report on Monday. Two research 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’s stock. Based on data from MarketBeat.com, Adient presently has an average rating of “Hold” and an average target price of $42.43.

Adient Price Performance

NYSE ADNT opened at $29.68 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.15 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $2.71 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 0.30 and a beta of 2.51. The company has a 50 day moving average price of $32.49 and a two-hundred day moving average price of $33.62. Adient plc has a 12-month low of $27.73 and a 12-month high of $46.51.

Adient (NYSE:ADNT) last posted its earnings results 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 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%. Adient’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, equities analysts predict that Adient plc will post 2.57 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.