Victory Capital Management Inc. Purchases 4,861 Shares of Adient plc (NYSE:ADNT)

Victory Capital Management Inc. grew its position in shares of Adient plc (NYSE:ADNT) by 23.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,838 shares of the company’s stock after buying an additional 4,861 shares during the quarter. Victory Capital Management Inc.’s holdings in Adient were worth $445,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC increased 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 worth $117,298,000 after purchasing an additional 442,200 shares during the last quarter. Public Sector Pension Investment Board purchased a new stake in shares of Adient during the 3rd quarter worth approximately $4,175,000. State Street Corp increased its stake in shares of Adient by 4.8% during 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 during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Adient by 13.3% during 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 last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Adient by 144.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 210,477 shares of the company’s stock worth $4,750,000 after purchasing an additional 124,539 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Adient Stock Up 0.4 %

ADNT opened at $13.92 on Friday. Adient plc has a one year low of $13.34 and a one year high of $33.74. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86. The firm has a market capitalization of $1.17 billion, a P/E ratio of 695.75, a price-to-earnings-growth ratio of 0.34 and a beta of 2.27. The company has a fifty day moving average price of $16.28 and a 200-day moving average price of $18.73.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 prior year, the company earned $0.31 EPS. Equities research analysts expect that Adient plc will post 1.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ADNT has been the subject of a number of recent research reports. StockNews.com lowered shares of Adient from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. UBS Group lifted their price objective on shares of Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Barclays reduced their price objective on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Finally, Wells Fargo & Company lowered shares of Adient from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $27.00 to $20.00 in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.88.

About Adient

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.