1 week Ago By ABMN Staff
Sei Investments Co. decreased its holdings in Adient plc ( NYSE:ADNT – Free Report ) by 17.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The fund owned 58,854 shares of the company’s stock after selling 12,030 shares during the quarter. Sei Investments Co.’s holdings in Adient were worth $1,014,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of ADNT. Pzena Investment Management LLC lifted its holdings in Adient by 28.5% during the 4th quarter.
Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock worth $62,535,000 after buying an additional 803,961 shares during the period. Quantbot Technologies LP increased its stake in shares of Adient by 263.6% in the fourth quarter.
Quantbot Technologies LP now owns 80,294 shares of the company’s stock valued at $1,383,000 after buying an additional 58,209 shares during the period. Principal Financial Group Inc. raised its position in shares of Adient by 36.
5% during the third quarter. Principal Financial Group Inc. now owns 411,199 shares of the company’s stock worth $9,281,000 after acquiring an additional 109,850 shares during the last quarter.
IFP Advisors Inc lifted its stake in shares of Adient by 6,924.2% in the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock worth $40,000 after acquiring an additional 2,285 shares during the period.
Finally, Empowered Funds LLC boosted its holdings in Adient by 5.1% in the fourth quarter. Empowered Funds LLC now owns 309,891 shares of the company’s stock valued at $5,339,000 after acquiring an additional 15,109 shares during the last quarter.
Institutional investors own 92.44% of the company’s stock. Adient Trading Down 5.
5 % NYSE:ADNT opened at $10.97 on Tuesday. Adient plc has a 12 month low of $10.
65 and a 12 month high of $31.85. The company has a current ratio of 1.
08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11.
The stock has a market capitalization of $920.83 million, a price-to-earnings ratio of 548.55, a PEG ratio of 0.
34 and a beta of 1.97. The firm has a fifty day simple moving average of $15.
36 and a two-hundred day simple moving average of $18.08. Wall Street Analysts Forecast Growth ADNT has been the subject of several analyst reports.
Bank of America lowered shares of Adient from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $24.00 to $18.00 in a report on Tuesday, March 4th.
Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $27.00 to $20.00 in a research report on Monday, December 16th.
StockNews.com upgraded shares of Adient from a “hold” rating to a “buy” rating in a report on Tuesday, April 1st. JPMorgan Chase & Co.
decreased their price target on Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, January 27th.
Finally, Barclays lowered their price objective on Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd.
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 company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.
88. View Our Latest Analysis on Adient About Adient ( Free Report ) 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.
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