Russell Investments Group Ltd. Has $1.91 Million Stock Holdings in Adient plc (NYSE:ADNT)

Russell Investments Group Ltd. reduced its position in shares of Adient plc (NYSE:ADNTFree Report) by 40.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,368 shares of the company’s stock after selling 35,941 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of Adient worth $1,905,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in Adient in the 3rd quarter valued at about $46,000. AM Squared Ltd bought a new position in shares of Adient in the third quarter valued at approximately $106,000. Dark Forest Capital Management LP purchased a new position in shares of Adient during the third quarter valued at approximately $205,000. Handelsinvest Investeringsforvaltning bought a new stake in Adient during the fourth quarter worth $207,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Adient by 20.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,743 shares of the company’s stock worth $211,000 after buying an additional 962 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Adient Stock Performance

NYSE:ADNT opened at $29.55 on Thursday. The company has a market capitalization of $2.65 billion, a P/E ratio of 18.13, a P/E/G ratio of 0.40 and a beta of 2.39. The business has a fifty day simple moving average of $31.01 and a two-hundred day simple moving average of $32.99. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.13 and a quick ratio of 0.91. Adient plc has a 1 year low of $26.97 and a 1 year high of $46.51.

Adient (NYSE:ADNTGet Free Report) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.15. Adient had a return on equity of 8.72% and a net margin of 1.04%. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the company earned $0.32 EPS. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, analysts expect that Adient plc will post 2.33 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on ADNT. Morgan Stanley dropped their price objective on Adient from $35.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday, May 10th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Adient from $32.00 to $30.00 and set a “hold” rating on the stock in a report on Monday, May 6th. Wells Fargo & Company decreased their price objective on shares of Adient from $38.00 to $33.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. Barclays cut their target price on Adient from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 7th. Finally, Bank of America reduced their target price on Adient from $50.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.25.

Read Our Latest Analysis on Adient

Insider Transactions at Adient

In related news, Director Peter Carlin sold 4,207 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $28.90, for a total value of $121,582.30. Following the completion of the transaction, the director now directly owns 28,352 shares of the company’s stock, valued at approximately $819,372.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Adient Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Adient (NYSE:ADNT)

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