Goldman Sachs Group Inc. Raises Holdings in Adient plc (NYSE:ADNT)

Goldman Sachs Group Inc. grew its position in shares of Adient plc (NYSE:ADNT) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,733,010 shares of the company’s stock after purchasing an additional 25,534 shares during the period. Goldman Sachs Group Inc. owned approximately 1.90% of Adient worth $63,012,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Partnership Wealth Management LLC bought a new position in shares of Adient in the 4th quarter valued at about $83,000. Dark Forest Capital Management LP bought a new position in shares of Adient in the 3rd quarter valued at about $205,000. Handelsinvest Investeringsforvaltning bought a new position in shares of Adient in the 4th quarter valued at about $207,000. Teza Capital Management LLC bought a new position in shares of Adient in the 3rd quarter valued at about $223,000. Finally, Mirabella Financial Services LLP bought a new position in shares of Adient in the 3rd quarter valued at about $254,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ADNT shares. JPMorgan Chase & Co. lowered their price target on shares of Adient from $40.00 to $37.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Bank of America decreased their price objective on shares of Adient from $50.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Barclays decreased their price objective on shares of Adient from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 7th. Morgan Stanley decreased their price objective on shares of Adient from $35.00 to $32.00 and set an “underweight” rating for the company in a research note on Friday, May 10th. Finally, Wells Fargo & Company decreased their price objective on shares of Adient from $38.00 to $33.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $39.25.

Adient Stock Performance

Adient stock opened at $25.60 on Tuesday. The company has a 50 day moving average price of $28.54 and a 200-day moving average price of $32.13. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.91 and a current ratio of 1.13. Adient plc has a fifty-two week low of $24.90 and a fifty-two week high of $46.51. The company has a market capitalization of $2.30 billion, a PE ratio of 15.71, a P/E/G ratio of 0.35 and a beta of 2.31.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.15. Adient had a net margin of 1.04% and a return on equity of 8.72%. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The company’s revenue was down 4.1% on a year-over-year basis. As a group, equities analysts forecast that Adient plc will post 2.23 earnings per share for the current year.

Insider Activity at Adient

In related news, Director Peter Carlin sold 4,207 shares of Adient stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $28.90, for a total transaction of $121,582.30. Following the transaction, the director now directly owns 28,352 shares of the company’s stock, valued at $819,372.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.30% of the stock is currently owned by corporate insiders.

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.