MetLife Investment Management LLC Sells 45,690 Shares of Adient plc (NYSE:ADNT)

MetLife Investment Management LLC lowered its stake in shares of Adient plc (NYSE:ADNT - Free Report) by 46.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,901 shares of the company's stock after selling 45,690 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Adient worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its position in shares of Adient by 38,074.9% during the third quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company's stock worth $116,110,000 after purchasing an additional 5,130,969 shares during the period. Pzena Investment Management LLC increased its stake in Adient by 45.0% during the 3rd quarter. Pzena Investment Management LLC now owns 2,825,491 shares of the company's stock worth $63,771,000 after purchasing an additional 877,142 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Adient by 86.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,133,901 shares of the company's stock worth $28,019,000 after buying an additional 525,280 shares during the period. Empowered Funds LLC acquired a new stake in Adient during the 3rd quarter worth approximately $6,653,000. Finally, HITE Hedge Asset Management LLC lifted its stake in Adient by 125.3% in the second quarter. HITE Hedge Asset Management LLC now owns 512,703 shares of the company's stock valued at $12,669,000 after buying an additional 285,104 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Adient news, EVP James Conklin sold 11,500 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total transaction of $232,875.00. Following the completion of the transaction, the executive vice president now owns 51,829 shares in the company, valued at approximately $1,049,537.25. This trade represents a 18.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ADNT has been the topic of a number of research analyst reports. Wolfe Research started coverage on shares of Adient in a report on Thursday, September 5th. They set a "peer perform" rating on the stock. Bank of America lowered Adient from a "buy" rating to a "neutral" rating and cut their price target for the company from $30.00 to $24.00 in a report on Thursday, November 21st. Wells Fargo & Company reduced their price objective on Adient from $29.00 to $27.00 and set an "overweight" rating for the company in a research report on Friday, September 20th. StockNews.com raised Adient from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Adient currently has an average rating of "Hold" and an average price target of $24.38.

Adient Stock Down 1.1 %

Shares of NYSE ADNT traded down $0.21 during trading hours on Friday, hitting $19.28. The company had a trading volume of 1,169,953 shares, compared to its average volume of 1,322,001. Adient plc has a 1-year low of $18.53 and a 1-year high of $37.19. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $1.64 billion, a P/E ratio of 83.83, a price-to-earnings-growth ratio of 0.34 and a beta of 2.15. The firm's 50 day moving average is $20.67 and its 200-day moving average is $22.89.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.12. Adient had a net margin of 0.12% and a return on equity of 6.86%. The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The company's revenue for the quarter was down 3.7% on a year-over-year basis. On average, analysts expect 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.