Thrivent Financial for Lutherans Has $1.58 Million Holdings in Adient plc (NYSE:ADNT)

Thrivent Financial for Lutherans increased its stake in shares of Adient plc (NYSE:ADNT - Free Report) by 202.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,831 shares of the company's stock after buying an additional 46,766 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of Adient worth $1,576,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ADNT. Empowered Funds LLC bought a new position in Adient in the 3rd quarter valued at about $6,653,000. KBC Group NV raised its position in Adient by 51.8% during the third quarter. KBC Group NV now owns 3,328 shares of the company's stock valued at $75,000 after purchasing an additional 1,136 shares in the last quarter. MQS Management LLC bought a new stake in Adient during the third quarter worth $278,000. Victory Capital Management Inc. boosted its holdings in shares of Adient by 8.4% in the 3rd quarter. Victory Capital Management Inc. now owns 20,977 shares of the company's stock valued at $473,000 after purchasing an additional 1,633 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Adient in the 3rd quarter valued at $2,843,000. Institutional investors own 92.44% of the company's stock.

Adient Trading Down 0.2 %

NYSE ADNT traded down $0.03 on Friday, reaching $19.23. The company had a trading volume of 532,860 shares, compared to its average volume of 1,233,086. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 83.61, a P/E/G ratio of 0.32 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 business has a 50 day moving average of $20.95 and a two-hundred day moving average of $23.17. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.90.

Adient (NYSE:ADNT - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.68 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 6.86% and a net margin of 0.12%. The firm's quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share. Analysts forecast that Adient plc will post 2.04 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on ADNT. Bank of America downgraded 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 report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $24.00 target price on shares of Adient in a report on Tuesday, September 10th. Barclays decreased their price target on shares of Adient from $29.00 to $24.00 and set an "equal weight" rating on the stock in a report on Thursday, August 8th. StockNews.com upgraded shares of Adient from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Finally, UBS Group lowered their price target on shares of Adient from $27.00 to $24.00 and set a "neutral" rating for the company in a report on Wednesday, August 7th. One equities research 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. According to MarketBeat.com, the stock currently has a consensus 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.