Swiss National Bank Sells 3,900 Shares of Adient plc (NYSE:ADNT)

Swiss National Bank lowered its position in Adient plc (NYSE:ADNT) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,498 shares of the company’s stock after selling 3,900 shares during the quarter. Swiss National Bank owned 0.20% of Adient worth $2,955,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ADNT. Victory Capital Management Inc. lifted its position in Adient by 8.4% in the third quarter. Victory Capital Management Inc. now owns 20,977 shares of the company’s stock worth $473,000 after purchasing an additional 1,633 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Adient by 202.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 69,831 shares of the company’s stock worth $1,576,000 after acquiring an additional 46,766 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Adient during the 3rd quarter valued at about $725,000. Charles Schwab Investment Management Inc. boosted its position in shares of Adient by 6.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 963,446 shares of the company’s stock valued at $21,745,000 after acquiring an additional 55,387 shares in the last quarter. Finally, Citigroup Inc. increased its stake in Adient by 30.2% in the third quarter. Citigroup Inc. now owns 265,534 shares of the company’s stock valued at $5,993,000 after acquiring an additional 61,531 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Stock Up 3.4 %

Shares of NYSE ADNT opened at $15.09 on Thursday. Adient plc has a 12-month low of $13.34 and a 12-month high of $33.74. The firm’s 50-day simple moving average is $16.11 and its 200 day simple moving average is $18.58. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 754.25, a price-to-earnings-growth ratio of 0.34 and a beta of 2.27.

Adient (NYSE:ADNT) last announced its quarterly earnings data 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 negative net margin of 0.01% and a positive return on equity of 6.94%. During the same period in the prior year, the business earned $0.31 earnings per share. On average, research analysts expect that Adient plc will post 1.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ADNT shares. Wells Fargo & Company downgraded Adient from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $27.00 to $20.00 in a report on Monday, December 16th. Bank of America lowered Adient from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $24.00 to $18.00 in a research note on Tuesday, March 4th. JPMorgan Chase & Co. dropped their price objective on Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. StockNews.com downgraded shares of Adient from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, Barclays dropped their target price on shares of 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 and eight have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.88.

Adient 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.