Charles Schwab Investment Management Inc. Buys 127,826 Shares of Adient plc (NYSE:ADNT)

Charles Schwab Investment Management Inc. grew its stake in Adient plc (NYSE:ADNT) by 13.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,091,272 shares of the company’s stock after acquiring an additional 127,826 shares during the period. Charles Schwab Investment Management Inc. owned 1.30% of Adient worth $18,803,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Jones Financial Companies Lllp increased its stake in Adient by 110.8% in the fourth quarter. Jones Financial Companies Lllp now owns 14,543 shares of the company’s stock valued at $251,000 after purchasing an additional 7,643 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new stake in shares of Adient during the 4th quarter worth about $794,000. IFP Advisors Inc lifted its stake in shares of Adient by 6,924.2% during the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock worth $40,000 after buying an additional 2,285 shares during the last quarter. Principal Financial Group Inc. raised its stake in Adient by 2.8% in the 4th quarter. Principal Financial Group Inc. now owns 422,806 shares of the company’s stock worth $7,285,000 after purchasing an additional 11,607 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in Adient by 5.1% in the 4th quarter. Empowered Funds LLC now owns 309,891 shares of the company’s stock worth $5,339,000 after purchasing an additional 15,109 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Adient Trading Down 0.1 %

Shares of NYSE:ADNT opened at $13.98 on Thursday. The stock has a 50 day moving average of $16.39 and a 200 day moving average of $18.85. The company has a market cap of $1.17 billion, a PE ratio of 699.05, a price-to-earnings-growth ratio of 0.34 and a beta of 2.27. 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 12-month low of $13.44 and a 12-month high of $34.16.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 previous year, the firm earned $0.31 EPS. As a group, equities research analysts expect that Adient plc will post 1.76 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ADNT shares. Wells Fargo & Company lowered shares of Adient from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $27.00 to $20.00 in a report on Monday, December 16th. Bank of America lowered shares of Adient from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $24.00 to $18.00 in a report on Tuesday, March 4th. UBS Group boosted their target price on shares of Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Morgan Stanley dropped their price target on shares of Adient from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Monday, March 3rd. Finally, StockNews.com downgraded shares of Adient from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.88.

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.