Vanguard Group Inc. Sells 41,736 Shares of Adient plc (NYSE:ADNT)

Vanguard Group Inc. reduced its position in shares of Adient plc (NYSE:ADNT - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,432,140 shares of the company's stock after selling 41,736 shares during the period. Vanguard Group Inc. owned about 4.09% of Adient worth $59,136,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Adient during the fourth quarter worth about $32,000. Versant Capital Management Inc lifted its position in shares of Adient by 10,316.7% in the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company's stock worth $32,000 after purchasing an additional 1,857 shares during the period. IFP Advisors Inc boosted its stake in shares of Adient by 6,924.2% in the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock valued at $40,000 after purchasing an additional 2,285 shares during the last quarter. KBC Group NV raised its stake in Adient by 62.3% during the fourth quarter. KBC Group NV now owns 5,402 shares of the company's stock worth $93,000 after buying an additional 2,074 shares during the last quarter. Finally, LPL Financial LLC acquired a new position in Adient in the fourth quarter valued at $216,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Adient Stock Performance

Shares of ADNT stock traded down $0.11 during trading on Tuesday, hitting $10.86. The company's stock had a trading volume of 1,597,338 shares, compared to its average volume of 1,392,463. The business has a fifty day moving average of $14.44 and a 200-day moving average of $17.54. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. Adient plc has a 52 week low of $10.04 and a 52 week high of $31.19. The company has a market cap of $911.09 million, a PE ratio of 542.75, a P/E/G ratio of 0.34 and a beta of 1.97.

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Adient (NYSE:ADNT - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same period in the prior year, the firm earned $0.31 EPS. As a group, research analysts anticipate that Adient plc will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ADNT shares. JPMorgan Chase & Co. cut their price objective on shares of Adient from $24.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company cut Adient from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $27.00 to $20.00 in a research note on Monday, December 16th. Barclays cut their target price on Adient from $21.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday. StockNews.com raised shares of Adient from a "hold" rating to a "buy" rating in a research report on Tuesday, April 1st. Finally, Bank of America downgraded shares of Adient from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from $24.00 to $18.00 in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Adient has an average rating of "Hold" and a consensus price target of $19.00.

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.