Public Sector Pension Investment Board Invests $4.18 Million in Adient plc (NYSE:ADNT)

Public Sector Pension Investment Board bought a new position in Adient plc (NYSE:ADNT - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 185,000 shares of the company's stock, valued at approximately $4,175,000. Public Sector Pension Investment Board owned approximately 0.21% of Adient as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in Adient by 144.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 210,477 shares of the company's stock valued at $4,750,000 after buying an additional 124,539 shares in the last quarter. Quantbot Technologies LP increased its stake in Adient by 19.4% during the 3rd quarter. Quantbot Technologies LP now owns 22,085 shares of the company's stock valued at $498,000 after purchasing an additional 3,587 shares in the last quarter. Mirabella Financial Services LLP raised its holdings in Adient by 82.6% during the third quarter. Mirabella Financial Services LLP now owns 42,202 shares of the company's stock worth $952,000 after buying an additional 19,091 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Adient by 30.2% in the third quarter. Citigroup Inc. now owns 265,534 shares of the company's stock valued at $5,993,000 after buying an additional 61,531 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Adient by 6.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 963,446 shares of the company's stock valued at $21,745,000 after buying an additional 55,387 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Adient Stock Down 1.9 %

NYSE:ADNT traded down $0.39 during trading hours on Tuesday, hitting $19.90. The company's stock had a trading volume of 1,061,491 shares, compared to its average volume of 1,233,544. The stock has a market capitalization of $1.69 billion, a P/E ratio of 88.17, a price-to-earnings-growth ratio of 0.32 and a beta of 2.15. 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 stock has a fifty day moving average of $20.91 and a 200-day moving average of $23.06. Adient plc has a 52-week low of $18.53 and a 52-week high of $37.19.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley dropped their price target on Adient from $21.00 to $19.00 and set an "underweight" rating on the stock in a research report on Thursday, November 14th. Barclays cut their target price on shares of Adient from $29.00 to $24.00 and set an "equal weight" rating for the company in a research report on Thursday, August 8th. Bank of America cut shares of Adient from a "buy" rating to a "neutral" rating and dropped their price target for the company from $30.00 to $24.00 in a research note on Thursday, November 21st. JPMorgan Chase & Co. lowered their target price on shares of Adient from $31.00 to $27.00 and set a "neutral" rating on the stock in a report on Thursday, August 8th. Finally, Wolfe Research assumed coverage on shares of Adient in a report on Thursday, September 5th. They issued a "peer perform" rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Adient currently has an average rating of "Hold" and an average price target of $24.38.

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.