Illinois Municipal Retirement Fund Invests $794,000 in Adient plc (NYSE:ADNT)

Illinois Municipal Retirement Fund purchased a new position in shares of Adient plc (NYSE:ADNT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 46,056 shares of the company's stock, valued at approximately $794,000. Illinois Municipal Retirement Fund owned approximately 0.05% of Adient at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets lifted its holdings in shares of Adient by 144.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 210,477 shares of the company's stock worth $4,750,000 after acquiring an additional 124,539 shares during the period. Thrivent Financial for Lutherans raised its stake in Adient by 202.8% during the third quarter. Thrivent Financial for Lutherans now owns 69,831 shares of the company's stock worth $1,576,000 after purchasing an additional 46,766 shares during the period. Principal Financial Group Inc. raised its stake in Adient by 36.5% during the third quarter. Principal Financial Group Inc. now owns 411,199 shares of the company's stock worth $9,281,000 after purchasing an additional 109,850 shares during the period. Intech Investment Management LLC acquired a new position in shares of Adient in the 3rd quarter valued at $725,000. Finally, Citigroup Inc. grew its stake in shares of Adient by 30.2% during the 3rd quarter. Citigroup Inc. now owns 265,534 shares of the company's stock valued at $5,993,000 after buying an additional 61,531 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ADNT. StockNews.com lowered Adient from a "buy" rating to a "hold" rating in a research report on Wednesday. Wells Fargo & Company lowered Adient from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $27.00 to $20.00 in a research note on Monday, December 16th. UBS Group boosted their target price on Adient from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Morgan Stanley cut their price target on shares of Adient from $19.00 to $17.00 and set an "underweight" rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Adient from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, Adient has an average rating of "Hold" and an average price target of $20.88.

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Adient Stock Down 3.7 %

ADNT traded down $0.58 on Friday, reaching $14.95. The company's stock had a trading volume of 1,486,256 shares, compared to its average volume of 1,210,138. Adient plc has a 1 year low of $13.64 and a 1 year high of $35.94. The business's 50 day moving average is $16.93 and its 200 day moving average is $19.36. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 747.70, a price-to-earnings-growth ratio of 0.34 and a beta of 2.27.

Adient (NYSE:ADNT - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same period in the previous year, the firm earned $0.31 EPS. As a group, research analysts forecast that Adient plc will post 1.76 EPS for the current fiscal year.

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.