Adient plc (NYSE:ADNT) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Adient plc (NYSE:ADNT) by 12.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 21,205 shares of the company’s stock after acquiring an additional 2,314 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Adient were worth $771,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in ADNT. Vanguard Group Inc. increased its holdings in Adient by 12.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,486,307 shares of the company’s stock valued at $91,247,000 after purchasing an additional 271,786 shares during the last quarter. Pzena Investment Management LLC grew its stake in shares of Adient by 25.0% in the third quarter. Pzena Investment Management LLC now owns 1,546,927 shares of the company’s stock valued at $56,772,000 after buying an additional 309,359 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Adient by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 867,919 shares of the company’s stock valued at $31,853,000 after buying an additional 33,431 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Adient by 15.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 671,201 shares of the company’s stock worth $24,633,000 after acquiring an additional 87,678 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Adient by 10.0% during the 3rd quarter. Invesco Ltd. now owns 535,266 shares of the company’s stock valued at $19,644,000 after acquiring an additional 48,823 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Heather M. Tiltmann sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total transaction of $336,800.00. Following the completion of the sale, 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 SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Adient Trading Up 1.2 %

Shares of NYSE:ADNT opened at $30.77 on Tuesday. Adient plc has a 52 week low of $27.73 and a 52 week high of $46.51. The company’s 50 day moving average is $32.23 and its two-hundred day moving average is $33.47. The company has a market cap of $2.81 billion, a PE ratio of 13.74, a P/E/G ratio of 0.32 and a beta of 2.51. 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 issued its 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). Adient had a return on equity of 7.90% and a net margin of 1.39%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The business’s revenue for the quarter was up .0% on a year-over-year basis. Equities analysts predict that Adient plc will post 2.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ADNT has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut 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, April 22nd. Wells Fargo & Company cut their target price 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. Barclays reissued an “equal weight” rating and issued a $37.00 price target (down previously from $41.00) on shares of Adient in a research report on Wednesday, April 10th. Finally, 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Adient currently has an average rating of “Hold” and an average target price of $42.43.

Adient Company 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.