Janus Henderson Group PLC Sells 598,176 Shares of Adient plc (NYSE:ADNT)

Janus Henderson Group PLC trimmed its position in shares of Adient plc (NYSE:ADNT - Free Report) by 93.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,551 shares of the company's stock after selling 598,176 shares during the quarter. Janus Henderson Group PLC's holdings in Adient were worth $983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of ADNT. CWM LLC boosted its holdings in shares of Adient by 44.5% in the second quarter. CWM LLC now owns 1,439 shares of the company's stock worth $36,000 after buying an additional 443 shares during the last quarter. US Bancorp DE boosted its stake in shares of 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 acquiring an additional 1,588 shares during the last quarter. Signaturefd LLC grew its position in shares of Adient by 493.8% during the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company's stock valued at $49,000 after acquiring an additional 1,822 shares during the period. KBC Group NV increased 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 worth $75,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Covestor Ltd raised its holdings in Adient by 23.2% in the 3rd quarter. Covestor Ltd now owns 5,482 shares of the company's stock worth $124,000 after purchasing an additional 1,032 shares during the period. 92.44% of the stock is owned by institutional investors.

Insider Transactions at Adient

In other Adient news, EVP James Conklin sold 11,500 shares of Adient stock in a transaction 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 completion of the sale, the executive vice president now directly owns 51,829 shares of the company's stock, valued at $1,049,537.25. The trade was a 18.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ADNT. Morgan Stanley decreased their target price on shares of Adient from $21.00 to $19.00 and set an "underweight" rating on the stock in a research note on Thursday, November 14th. StockNews.com upgraded shares of Adient from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $24.00 target price on shares of Adient in a report on Tuesday, September 10th. Wolfe Research initiated coverage on Adient in a report on Thursday, September 5th. They set a "peer perform" rating on the stock. Finally, Bank of America lowered Adient from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $30.00 to $24.00 in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Adient presently has a consensus rating of "Hold" and a consensus price target of $24.38.

Adient Trading Down 0.6 %

Shares of Adient stock traded down $0.11 on Friday, reaching $18.96. The company had a trading volume of 720,329 shares, compared to its average volume of 1,223,112. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 82.43, 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 current ratio of 1.11 and a quick ratio of 0.90. The firm's 50-day moving average price is $20.39 and its two-hundred day moving average price is $22.57. 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 issued its quarterly earnings results on Friday, November 8th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.56 by $0.12. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.47 billion. Adient had a net margin of 0.12% and a return on equity of 6.86%. The firm's revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. As a group, research analysts predict that Adient plc will post 2.04 earnings per share for the current fiscal year.

About Adient

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.