Adient plc (NYSE:ADNT) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. cut its holdings in Adient plc (NYSE:ADNT - Free Report) by 43.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 353,968 shares of the company's stock after selling 271,314 shares during the period. Jacobs Levy Equity Management Inc. owned 0.41% of Adient worth $7,989,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ADNT. Pacer Advisors Inc. raised its holdings in Adient by 38,074.9% in the 3rd quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company's stock valued at $116,110,000 after acquiring an additional 5,130,969 shares during the last quarter. Pzena Investment Management LLC raised its holdings in Adient by 45.0% in the 3rd quarter. Pzena Investment Management LLC now owns 2,825,491 shares of the company's stock valued at $63,771,000 after acquiring an additional 877,142 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Adient by 86.3% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,133,901 shares of the company's stock valued at $28,019,000 after acquiring an additional 525,280 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Adient by 9.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company's stock valued at $117,298,000 after acquiring an additional 442,200 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in Adient in the 3rd quarter valued at $6,653,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Adient

In other news, EVP James Conklin sold 11,500 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total transaction of $232,875.00. Following the transaction, the executive vice president now owns 51,829 shares of the company's stock, valued at approximately $1,049,537.25. This trade represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on ADNT. Wells Fargo & Company cut their price target on Adient from $29.00 to $27.00 and set an "overweight" rating for the company in a report on Friday, September 20th. JPMorgan Chase & Co. dropped their price objective on Adient from $31.00 to $27.00 and set a "neutral" rating for the company in a report on Thursday, August 8th. Wolfe Research began coverage on Adient in a report on Thursday, September 5th. They set a "peer perform" rating for the company. Barclays dropped their price objective on Adient from $29.00 to $24.00 and set an "equal weight" rating for the company in a report on Thursday, August 8th. Finally, StockNews.com upgraded Adient from a "hold" rating to a "buy" rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $24.38.

Adient Stock Down 1.1 %

NYSE:ADNT traded down $0.21 on Friday, reaching $19.28. The stock had a trading volume of 1,169,953 shares, compared to its average volume of 1,231,657. 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 company has a 50-day moving average of $20.76 and a 200 day moving average of $22.95. The stock has a market cap of $1.64 billion, a P/E ratio of 84.74, a price-to-earnings-growth ratio of 0.33 and a beta of 2.15. Adient plc has a 12-month low of $18.53 and a 12-month high of $37.19.

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