Handelsbanken Fonder AB Sells 8,500 Shares of Adient $ADNT

Handelsbanken Fonder AB lowered its position in Adient (NYSE:ADNT) by 33.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,860 shares of the company’s stock after selling 8,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Adient were worth $328,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ADNT. Brooklyn Investment Group increased its stake in Adient by 23,600.0% in the 1st quarter. Brooklyn Investment Group now owns 2,133 shares of the company’s stock worth $27,000 after acquiring an additional 2,124 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Adient by 991.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,182 shares of the company’s stock valued at $42,000 after acquiring an additional 1,982 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Adient by 544.4% during the second quarter. Fifth Third Bancorp now owns 2,133 shares of the company’s stock worth $42,000 after purchasing an additional 1,802 shares in the last quarter. CWM LLC increased its position in shares of Adient by 91.4% in the first quarter. CWM LLC now owns 3,426 shares of the company’s stock worth $44,000 after purchasing an additional 1,636 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Adient by 13,957.9% in the second quarter. Parallel Advisors LLC now owns 2,671 shares of the company’s stock worth $52,000 after purchasing an additional 2,652 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Adient Trading Down 0.7%

Shares of ADNT opened at $19.46 on Monday. The firm has a fifty day simple moving average of $22.33 and a two-hundred day simple moving average of $21.49. Adient has a twelve month low of $10.04 and a twelve month high of $26.16. The stock has a market capitalization of $1.54 billion, a P/E ratio of -5.83, a PEG ratio of 0.63 and a beta of 1.63. The company has a quick ratio of 0.93, a current ratio of 1.12 and a debt-to-equity ratio of 1.16.

Adient (NYSE:ADNT) last posted its earnings results on Wednesday, May 31st. The company reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $3.51 billion during the quarter. Adient had a positive return on equity of 7.81% and a negative net margin of 1.93%. On average, research analysts anticipate that Adient will post 1.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on ADNT. Weiss Ratings reissued a “sell (d)” rating on shares of Adient in a research note on Wednesday, October 8th. Barclays dropped their price objective on shares of Adient from $27.00 to $24.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Wall Street Zen lowered shares of Adient from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Zacks Research downgraded Adient from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Finally, Stifel Nicolaus cut their price objective on Adient from $29.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $22.69.

Insider Transactions at Adient

In other Adient news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $19.71, for a total value of $49,275.00. Following the completion of the transaction, the executive vice president directly owned 116,425 shares in the company, valued at approximately $2,294,736.75. This represents a 2.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.72% of the company’s stock.

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.