Adient plc (NYSE:ADNT) Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its holdings in shares of Adient plc (NYSE:ADNT - Free Report) by 402.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,755 shares of the company's stock after purchasing an additional 39,851 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Adient worth $1,122,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CWM LLC boosted its stake in shares of Adient by 44.5% during the 2nd quarter. CWM LLC now owns 1,439 shares of the company's stock worth $36,000 after acquiring an additional 443 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Adient by 493.8% during the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company's stock worth $49,000 after acquiring an additional 1,822 shares in the last quarter. Covestor Ltd boosted its stake in shares of Adient by 201.5% during the 1st quarter. Covestor Ltd now owns 3,307 shares of the company's stock worth $109,000 after acquiring an additional 2,210 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Adient in the 1st quarter valued at approximately $135,000. Finally, Headlands Technologies LLC purchased a new stake in Adient in the 1st quarter valued at approximately $159,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

Analyst Ratings Changes

ADNT has been the topic of a number of recent research reports. Wolfe Research initiated coverage on Adient in a research note on Thursday, September 5th. They issued a "peer perform" rating on the stock. Wells Fargo & Company reduced their target price on Adient from $29.00 to $27.00 and set an "overweight" rating on the stock in a research note on Friday, September 20th. JPMorgan Chase & Co. reduced their target price on Adient from $31.00 to $27.00 and set a "neutral" rating on the stock in a research note on Thursday, August 8th. Barclays reduced their target price on Adient from $29.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 8th. Finally, Bank of America reduced their target price on Adient from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Adient presently has an average rating of "Hold" and an average price target of $25.38.

Adient Trading Down 0.1 %

Shares of Adient stock traded down $0.02 during trading hours on Tuesday, reaching $19.72. 1,061,080 shares of the company's stock were exchanged, compared to its average volume of 1,211,489. Adient plc has a 52-week low of $19.31 and a 52-week high of $37.19. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 0.39 and a beta of 2.18. The company has a fifty day moving average of $21.61 and a 200-day moving average of $24.32. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.30). The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.82 billion. Adient had a return on equity of 6.34% and a net margin of 0.50%. The company's quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 earnings per share. Sell-side analysts forecast that Adient plc will post 1.73 EPS for the current fiscal year.

Adient Company 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.