Rhumbline Advisers Sells 5,746 Shares of Adient plc (NYSE:ADNT)

Rhumbline Advisers trimmed its holdings in Adient plc (NYSE:ADNT) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 276,175 shares of the company’s stock after selling 5,746 shares during the period. Rhumbline Advisers owned about 0.33% of Adient worth $4,758,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ADNT. R Squared Ltd bought a new position in shares of Adient in the 4th quarter valued at about $32,000. US Bancorp DE raised its position in Adient by 583.8% during the third quarter. US Bancorp DE now owns 1,860 shares of the company’s stock valued at $42,000 after purchasing an additional 1,588 shares during the period. Versant Capital Management Inc lifted its stake in shares of Adient by 10,316.7% in the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock valued at $32,000 after purchasing an additional 1,857 shares during the last quarter. KBC Group NV boosted its holdings in shares of Adient by 51.8% in the 3rd quarter. KBC Group NV now owns 3,328 shares of the company’s stock worth $75,000 after purchasing an additional 1,136 shares during the period. Finally, Covestor Ltd increased its position in shares of Adient by 23.2% during the 3rd quarter. Covestor Ltd now owns 5,482 shares of the company’s stock valued at $124,000 after purchasing an additional 1,032 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Insiders Place Their Bets

In other Adient news, EVP James Conklin sold 11,500 shares of Adient stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total transaction of $232,875.00. Following the transaction, the executive vice president now owns 51,829 shares of the company’s stock, valued at $1,049,537.25. The trade was a 18.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.72% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ADNT shares. Morgan Stanley reduced their price target on Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. JPMorgan Chase & Co. reduced their price target on shares of Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. StockNews.com raised shares of Adient from a “hold” rating to a “buy” rating in a research report on Tuesday. Wells Fargo & Company downgraded shares of Adient from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $27.00 to $20.00 in a research note on Monday, December 16th. Finally, Barclays decreased their target price on Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Adient has a consensus rating of “Hold” and a consensus target price of $21.88.

Adient Stock Performance

NYSE ADNT opened at $15.97 on Friday. The business’s 50-day moving average price is $17.18 and its 200 day moving average price is $19.61. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. Adient plc has a twelve month low of $15.71 and a twelve month high of $35.94. The company has a market capitalization of $1.34 billion, a PE ratio of 798.55, a price-to-earnings-growth ratio of 0.34 and a beta of 2.18.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same period in the previous year, the company posted $0.31 earnings per share. On average, research analysts predict that Adient plc will post 1.76 earnings per share for the current 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.