Thrivent Financial for Lutherans Reduces Stock Position in Adient plc (NYSE:ADNT)

Thrivent Financial for Lutherans lessened its holdings in shares of Adient plc (NYSE:ADNT) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,324 shares of the company’s stock after selling 1,507 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Adient worth $1,177,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Adient by 9.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock valued at $117,298,000 after buying an additional 442,200 shares during the period. Pzena Investment Management LLC increased its position in Adient by 28.5% during the 4th quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock valued at $62,535,000 after purchasing an additional 803,961 shares during the period. State Street Corp raised its holdings in Adient by 4.8% in the 3rd quarter. State Street Corp now owns 3,443,471 shares of the company’s stock worth $77,719,000 after purchasing an additional 158,017 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Adient by 13.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,091,272 shares of the company’s stock worth $18,803,000 after purchasing an additional 127,826 shares during the period. Finally, William Blair Investment Management LLC boosted its stake in shares of Adient by 1.1% during the 4th quarter. William Blair Investment Management LLC now owns 817,502 shares of the company’s stock valued at $14,086,000 after purchasing an additional 8,645 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

ADNT has been the subject of a number of research reports. Wells Fargo & Company downgraded shares of Adient from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $27.00 to $20.00 in a research note on Monday, December 16th. Barclays decreased their target price 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. StockNews.com lowered Adient from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Morgan Stanley decreased their price objective on Adient from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.88.

Adient Price Performance

Shares of NYSE:ADNT opened at $12.91 on Tuesday. The company has a market capitalization of $1.08 billion, a PE ratio of 645.25, a PEG ratio of 0.34 and a beta of 2.27. The business has a fifty day moving average price of $15.87 and a 200-day moving average price of $18.41. Adient plc has a 1-year low of $12.31 and a 1-year high of $32.79. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86.

Adient (NYSE:ADNT) last issued its earnings results 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 quarter in the previous year, the firm earned $0.31 earnings per share. As a group, equities analysts expect 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.