Louisiana State Employees Retirement System Acquires Shares of 26,300 Adient plc (NYSE:ADNT)

Louisiana State Employees Retirement System bought a new position in Adient plc (NYSE:ADNT) in the 4th quarter, Holdings Channel reports. The firm bought 26,300 shares of the company’s stock, valued at approximately $956,000.

Other institutional investors have also recently made changes to their positions in the company. UBS Group AG lifted its holdings in shares of Adient by 11.4% in the 3rd quarter. UBS Group AG now owns 229,189 shares of the company’s stock worth $8,411,000 after acquiring an additional 23,450 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Adient by 11.0% in the 3rd quarter. Deutsche Bank AG now owns 49,949 shares of the company’s stock worth $1,833,000 after acquiring an additional 4,956 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Adient by 136.1% in the 3rd quarter. Van ECK Associates Corp now owns 66,967 shares of the company’s stock worth $2,458,000 after acquiring an additional 38,604 shares during the last quarter. Hsbc Holdings PLC purchased a new position in Adient in the 3rd quarter worth about $2,146,000. Finally, Jump Financial LLC increased its stake in Adient by 552.8% in the 3rd quarter. Jump Financial LLC now owns 49,553 shares of the company’s stock worth $1,819,000 after buying an additional 41,962 shares during the period. Institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

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

Adient Stock Up 2.6 %

Shares of Adient stock opened at $29.68 on Thursday. The firm’s 50 day moving average price is $32.49 and its 200-day moving average price is $33.62. The company has a quick ratio of 0.91, a current ratio of 1.15 and a debt-to-equity ratio of 0.92. Adient plc has a 52-week low of $27.73 and a 52-week high of $46.51. The company has a market cap of $2.71 billion, a P/E ratio of 13.25, a PEG 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.16). Adient had a return on equity of 7.90% and a net margin of 1.39%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the previous year, the firm earned $0.34 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. On average, sell-side analysts predict that Adient plc will post 2.57 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Heather M. Tiltmann sold 10,000 shares of Adient stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 55,669 shares in the company, valued at approximately $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 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.