Adient plc (NYSE:ADNT) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its stake in Adient plc (NYSE:ADNTFree Report) by 171.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,228 shares of the company’s stock after buying an additional 14,033 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Adient were worth $732,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in Adient in the 4th quarter worth approximately $18,040,000. HITE Hedge Asset Management LLC lifted its position in shares of Adient by 158.4% during the 4th quarter. HITE Hedge Asset Management LLC now owns 555,590 shares of the company’s stock valued at $20,201,000 after buying an additional 340,618 shares in the last quarter. Vanguard Group Inc. grew its stake 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 acquiring an additional 271,786 shares during the period. Pzena Investment Management LLC increased its stake in Adient by 17.5% during the 4th quarter. Pzena Investment Management LLC now owns 1,817,382 shares of the company’s stock worth $66,080,000 after buying an additional 270,455 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of Adient by 5.4% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 4,469,049 shares of the company’s stock worth $162,495,000 after purchasing an additional 229,963 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. BNP Paribas upgraded Adient from an “underperform” rating to a “neutral” rating and set a $26.00 price target for the company in a research report on Monday, July 1st. Deutsche Bank Aktiengesellschaft cut their target price on Adient from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Monday, May 6th. Bank of America lowered their price objective on shares of Adient from $50.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Morgan Stanley reduced their price target on Adient from $35.00 to $32.00 and set an “underweight” rating on the stock in a research report on Friday, May 10th. Finally, JPMorgan Chase & Co. lowered their price objective on Adient from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $37.67.

View Our Latest Stock Analysis on ADNT

Insider Buying and Selling

In other Adient news, Director Peter Carlin sold 4,207 shares of Adient stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $28.90, for a total transaction of $121,582.30. Following the completion of the transaction, the director now owns 28,352 shares in the company, valued at $819,372.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

Adient Price Performance

Shares of NYSE ADNT opened at $23.41 on Wednesday. The stock has a fifty day moving average price of $26.99 and a 200 day moving average price of $31.04. Adient plc has a 1-year low of $23.28 and a 1-year high of $46.51. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.13 and a quick ratio of 0.91. The company has a market cap of $2.10 billion, a PE ratio of 14.36, a P/E/G ratio of 0.32 and a beta of 2.19.

Adient (NYSE:ADNTGet Free Report) last announced its quarterly earnings data on Friday, May 3rd. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.15. Adient had a net margin of 1.04% and a return on equity of 8.72%. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter last year, the firm earned $0.32 earnings per share. The firm’s revenue was down 4.1% compared to the same quarter last year. Sell-side analysts forecast that Adient plc will post 2.26 EPS for the current year.

Adient Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Adient (NYSE:ADNT)

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