New York State Common Retirement Fund Sells 1,687 Shares of Adient plc (NYSE:ADNT)

New York State Common Retirement Fund cut its stake in Adient plc (NYSE:ADNT) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,371 shares of the company’s stock after selling 1,687 shares during the quarter. New York State Common Retirement Fund’s holdings in Adient were worth $454,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. lifted its position in Adient by 38,074.9% during the third quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company’s stock valued at $116,110,000 after purchasing an additional 5,130,969 shares in the last quarter. Pzena Investment Management LLC lifted its position in shares of Adient by 45.0% during the 3rd quarter. Pzena Investment Management LLC now owns 2,825,491 shares of the company’s stock valued at $63,771,000 after buying an additional 877,142 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Adient by 9.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock valued at $117,298,000 after acquiring an additional 442,200 shares during the period. Empowered Funds LLC purchased a new stake in Adient in the 3rd quarter worth approximately $6,653,000. Finally, Public Sector Pension Investment Board purchased a new stake in Adient in the 3rd quarter worth approximately $4,175,000. 92.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

ADNT has been the subject of a number of analyst reports. Morgan Stanley cut their price target on Adient from $19.00 to $17.00 and set an “underweight” rating for the company in a research note on Monday. Wells Fargo & Company cut Adient from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $27.00 to $20.00 in a research report on Monday, December 16th. Bank of America cut 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. UBS Group increased their price objective on shares of Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Adient from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Adient has an average rating of “Hold” and a consensus target price of $20.88.

Adient Stock Down 4.1 %

NYSE ADNT opened at $14.13 on Wednesday. The stock has a 50 day moving average price of $17.08 and a 200-day moving average price of $19.48. Adient plc has a one year low of $13.64 and a one year high of $35.94. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08. The company has a market capitalization of $1.19 billion, a P/E ratio of 706.45, a P/E/G ratio of 0.34 and a beta of 2.27.

Adient (NYSE:ADNT) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same quarter in the prior year, the business posted $0.31 EPS. As a group, equities analysts predict that Adient plc will post 1.76 EPS for the current fiscal year.

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.