Geode Capital Management LLC cut its holdings in shares of Adient plc (NYSE:ADNT - Free Report) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,050,593 shares of the company's stock after selling 93,307 shares during the period. Geode Capital Management LLC owned about 2.35% of Adient worth $46,292,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. US Bancorp DE increased its position in Adient by 583.8% during the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company's stock worth $42,000 after purchasing an additional 1,588 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Adient by 493.8% during the third quarter. Signaturefd LLC now owns 2,191 shares of the company's stock worth $49,000 after buying an additional 1,822 shares in the last quarter. KBC Group NV lifted its stake in shares of Adient by 51.8% in the 3rd quarter. KBC Group NV now owns 3,328 shares of the company's stock valued at $75,000 after acquiring an additional 1,136 shares during the last quarter. Covestor Ltd lifted its stake in shares of Adient by 23.2% in the 3rd quarter. Covestor Ltd now owns 5,482 shares of the company's stock valued at $124,000 after acquiring an additional 1,032 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Adient during the 2nd quarter valued at $227,000. Institutional investors and hedge funds own 92.44% of the company's stock.
Insider Activity
In related news, EVP James Conklin sold 11,500 shares of the company's stock in a transaction that occurred on 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 directly owns 51,829 shares of the company's stock, valued at approximately $1,049,537.25. This represents a 18.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.
Adient Trading Up 1.9 %
ADNT stock traded up $0.33 during midday trading on Tuesday, hitting $17.29. The stock had a trading volume of 478,684 shares, compared to its average volume of 1,227,697. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The business has a fifty day moving average price of $19.84 and a two-hundred day moving average price of $22.09. Adient plc has a 1-year low of $16.43 and a 1-year high of $37.12. The firm has a market cap of $1.47 billion, a P/E ratio of 75.17, a price-to-earnings-growth ratio of 0.32 and a beta of 2.15.
Adient (NYSE:ADNT - Get Free Report) last released its earnings results on Friday, November 8th. The company reported $0.68 EPS for the quarter, topping 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 business had revenue of $3.56 billion during the quarter, compared to analysts' expectations of $3.47 billion. During the same quarter last year, the firm posted $0.51 earnings per share. The firm's revenue was down 3.7% on a year-over-year basis. On average, sell-side analysts predict that Adient plc will post 2.04 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have issued reports on ADNT shares. StockNews.com downgraded Adient from a "buy" rating to a "hold" rating in a research report on Friday. Wolfe Research began coverage on shares of Adient in a research report on Thursday, September 5th. They set a "peer perform" rating on the stock. Wells Fargo & Company cut shares of Adient from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $27.00 to $20.00 in a research report on Monday, December 16th. Morgan Stanley cut 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, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $24.00 price objective on shares of Adient in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $23.50.
Check Out Our Latest Research Report on Adient
Adient 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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