Adient plc (NYSE:ADNT) Shares Sold by Towle & Co.

Towle & Co. trimmed its holdings in Adient plc (NYSE:ADNT) by 55.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 302,369 shares of the company’s stock after selling 375,537 shares during the quarter. Towle & Co. owned about 0.36% of Adient worth $5,210,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Adient by 96.5% in the fourth quarter. JPMorgan Chase & Co. now owns 802,540 shares of the company’s stock valued at $13,828,000 after buying an additional 394,111 shares during the last quarter. Northern Trust Corp lifted its stake in Adient by 6.8% in the fourth quarter. Northern Trust Corp now owns 1,129,645 shares of the company’s stock valued at $19,464,000 after buying an additional 72,077 shares during the last quarter. Pzena Investment Management LLC lifted its stake in Adient by 28.5% in the fourth quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock valued at $62,535,000 after buying an additional 803,961 shares during the last quarter. Quantbot Technologies LP lifted its stake in Adient by 263.6% in the fourth quarter. Quantbot Technologies LP now owns 80,294 shares of the company’s stock valued at $1,383,000 after buying an additional 58,209 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Adient by 36.5% in the third quarter. Principal Financial Group Inc. now owns 411,199 shares of the company’s stock valued at $9,281,000 after buying an additional 109,850 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

ADNT has been the subject of a number of research reports. Bank of America cut Adient from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $24.00 to $18.00 in a research note on Tuesday, March 4th. StockNews.com upgraded Adient from a “hold” rating to a “buy” rating in a research note on Saturday, April 26th. Wells Fargo & Company upped their price target on Adient from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. cut their price target on Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Finally, Barclays cut Adient from an “equal weight” rating to a “negative” rating in a research note on Tuesday, April 15th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $18.00.

Adient Trading Up 2.0%

Shares of ADNT stock opened at $15.80 on Monday. The business’s fifty day moving average price is $12.91 and its 200 day moving average price is $16.11. Adient plc has a 1-year low of $10.04 and a 1-year high of $29.28. The firm has a market capitalization of $1.33 billion, a PE ratio of 790.00, a P/E/G ratio of 0.34 and a beta of 1.60. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.33. Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. Adient’s quarterly revenue was down 3.7% on a year-over-year basis. As a group, sell-side analysts forecast that Adient plc will post 1.76 EPS for the current fiscal year.

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.