FMR LLC trimmed its position in shares of Adient plc (NYSE:ADNT - Free Report) by 28.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,433,407 shares of the company's stock after selling 3,807,074 shares during the quarter. FMR LLC owned 10.82% of Adient worth $212,912,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. CWM LLC raised its holdings in Adient by 44.5% during the second quarter. CWM LLC now owns 1,439 shares of the company's stock worth $36,000 after acquiring an additional 443 shares in the last quarter. US Bancorp DE grew its position in shares of Adient by 583.8% in the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company's stock valued at $42,000 after acquiring an additional 1,588 shares during the period. Signaturefd LLC raised its holdings in shares of Adient by 493.8% in the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company's stock valued at $49,000 after purchasing an additional 1,822 shares during the period. KBC Group NV grew its holdings in Adient by 51.8% during the third 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 Adient by 23.2% during the third quarter. Covestor Ltd now owns 5,482 shares of the company's stock worth $124,000 after buying an additional 1,032 shares during the last quarter. Institutional investors own 92.44% of the company's stock.
Adient Price Performance
Shares of ADNT traded down $0.42 during mid-day trading on Tuesday, reaching $19.87. The company had a trading volume of 265,147 shares, compared to its average volume of 1,229,938. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 88.17, a P/E/G ratio of 0.32 and a beta of 2.15. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.11. The company's 50 day simple moving average is $20.91 and its 200 day simple moving average is $23.06. Adient plc has a 1-year low of $18.53 and a 1-year high of $37.19.
Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.12. Adient had a return on equity of 6.86% and a net margin of 0.12%. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the business posted $0.51 EPS. Adient's revenue for the quarter was down 3.7% on a year-over-year basis. Analysts expect that Adient plc will post 2.04 EPS for the current year.
Analyst Upgrades and Downgrades
ADNT has been the subject of several research analyst reports. Wolfe Research initiated coverage on Adient in a research note on Thursday, September 5th. They set a "peer perform" rating for the company. StockNews.com raised shares of Adient from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. UBS Group reduced their target price on shares of Adient from $27.00 to $24.00 and set a "neutral" rating for the company in a report on Wednesday, August 7th. Morgan Stanley lowered their price target on shares of Adient from $21.00 to $19.00 and set an "underweight" rating on the stock in a report on Thursday, November 14th. Finally, Bank of America downgraded Adient from a "buy" rating to a "neutral" rating and decreased their target price for the company from $30.00 to $24.00 in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $24.38.
Get Our Latest Report on ADNT
About Adient
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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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