Hotchkis & Wiley Capital Management LLC Acquires 442,200 Shares of Adient plc (NYSE:ADNT)

Hotchkis & Wiley Capital Management LLC boosted its position in shares of Adient plc (NYSE:ADNT - Free Report) by 9.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,197,090 shares of the company's stock after buying an additional 442,200 shares during the period. Hotchkis & Wiley Capital Management LLC owned 5.96% of Adient worth $117,298,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ADNT. Holocene Advisors LP boosted its stake in shares of Adient by 48.3% in the third quarter. Holocene Advisors LP now owns 172,661 shares of the company's stock valued at $3,897,000 after buying an additional 56,224 shares in the last quarter. Centiva Capital LP acquired a new position in Adient in the third quarter valued at $440,000. Verition Fund Management LLC acquired a new position in Adient in the third quarter valued at $316,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Adient by 66.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,461 shares of the company's stock worth $4,050,000 after acquiring an additional 71,651 shares during the last quarter. Finally, Public Sector Pension Investment Board acquired a new stake in Adient during the third quarter worth about $4,175,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Adient Trading Down 1.9 %

ADNT traded down $0.39 during mid-day trading on Tuesday, reaching $19.90. The stock had a trading volume of 1,061,491 shares, compared to its average volume of 1,233,544. The stock has a market capitalization of $1.69 billion, a P/E 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 firm's fifty day simple moving average is $20.91 and its two-hundred day simple moving average is $23.06. Adient plc has a 52 week low of $18.53 and a 52 week high of $37.19.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.12. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.47 billion. Adient had a return on equity of 6.86% and a net margin of 0.12%. The business's quarterly revenue was down 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.51 EPS. On average, equities analysts predict that Adient plc will post 2.04 EPS for the current year.

Wall Street Analysts Forecast Growth

ADNT has been the subject of a number of recent research reports. UBS Group lowered their target price on Adient from $27.00 to $24.00 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. Wells Fargo & Company lowered their price objective on Adient from $29.00 to $27.00 and set an "overweight" rating for the company in a research note on Friday, September 20th. Morgan Stanley reduced their price target on Adient from $21.00 to $19.00 and set an "underweight" rating for the company in a research report on Thursday, November 14th. JPMorgan Chase & Co. cut their target price on Adient from $31.00 to $27.00 and set a "neutral" rating on the stock in a research report on Thursday, August 8th. Finally, StockNews.com raised Adient from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Adient presently has an average rating of "Hold" and an average target price of $24.38.

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.