Adient plc (NYSE:ADNT) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its holdings in Adient plc (NYSE:ADNT - Free Report) by 38,074.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,144,445 shares of the company's stock after buying an additional 5,130,969 shares during the quarter. Pacer Advisors Inc. owned approximately 5.90% of Adient worth $116,110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. CWM LLC grew its position in shares of Adient by 44.5% in the 2nd quarter. CWM LLC now owns 1,439 shares of the company's stock valued at $36,000 after buying an additional 443 shares during the last quarter. SummerHaven Investment Management LLC increased its position in shares of Adient by 3.2% during the second quarter. SummerHaven Investment Management LLC now owns 18,167 shares of the company's stock worth $449,000 after purchasing an additional 556 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Adient by 1.3% in the 1st quarter. Sei Investments Co. now owns 51,206 shares of the company's stock valued at $1,686,000 after purchasing an additional 643 shares during the last quarter. Covestor Ltd boosted its position in shares of Adient by 23.2% in the 3rd quarter. Covestor Ltd now owns 5,482 shares of the company's stock valued at $124,000 after purchasing an additional 1,032 shares during the period. Finally, KBC Group NV grew its stake in Adient by 51.8% during the 3rd quarter. KBC Group NV now owns 3,328 shares of the company's stock worth $75,000 after buying an additional 1,136 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ADNT. Barclays lowered their target price on shares of Adient from $29.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company decreased their target price on shares of Adient from $29.00 to $27.00 and set an "overweight" rating for the company in a research note on Friday, September 20th. UBS Group reduced their price objective on Adient from $27.00 to $24.00 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. Wolfe Research initiated coverage on Adient in a research note on Thursday, September 5th. They issued a "peer perform" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $24.00 price target on shares of Adient in a research note on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $24.38.

Adient Price Performance

Adient stock traded up $0.21 during midday trading on Friday, reaching $19.31. The company's stock had a trading volume of 1,153,019 shares, compared to its average volume of 1,235,505. The firm has a market capitalization of $1.64 billion, a PE ratio of 82.64, a P/E/G ratio of 0.44 and a beta of 2.18. Adient plc has a fifty-two week low of $18.53 and a fifty-two week high of $37.19. The stock's 50 day simple moving average is $21.22 and its 200 day simple moving average is $23.60. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.11.

Adient (NYSE:ADNT - Get Free Report) last issued its earnings results on Friday, November 8th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.12. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share. On average, equities research analysts forecast that Adient plc will post 2.27 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.