Jacobs Levy Equity Management Inc. Lowers Holdings in Adient plc (NYSE:ADNT)

Jacobs Levy Equity Management Inc. reduced its position in shares of Adient plc (NYSE:ADNT) by 43.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 353,968 shares of the company’s stock after selling 271,314 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Adient were worth $7,989,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. CWM LLC lifted its position in Adient by 44.5% during the second quarter. CWM LLC now owns 1,439 shares of the company’s stock valued at $36,000 after purchasing an additional 443 shares during the last quarter. US Bancorp DE grew its position in Adient by 583.8% in the third quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $42,000 after acquiring an additional 1,588 shares in the last quarter. Signaturefd LLC grew its position in Adient by 493.8% in the third quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock worth $49,000 after acquiring an additional 1,822 shares in the last quarter. KBC Group NV increased its stake in Adient by 51.8% in the third quarter. KBC Group NV now owns 3,328 shares of the company’s stock valued at $75,000 after acquiring an additional 1,136 shares during the last quarter. Finally, Covestor Ltd lifted its stake in Adient by 23.2% during the third quarter. Covestor Ltd now owns 5,482 shares of the company’s stock worth $124,000 after purchasing an additional 1,032 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Insiders Place Their Bets

In other news, EVP James Conklin sold 11,500 shares of Adient stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total transaction of $232,875.00. Following the completion of the transaction, the executive vice president now directly owns 51,829 shares in the company, valued at approximately $1,049,537.25. This trade represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by corporate insiders.

Adient Price Performance

ADNT stock opened at $19.49 on Friday. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 84.74, a PEG ratio of 0.33 and a beta of 2.15. The firm’s 50-day moving average price is $20.76 and its two-hundred day moving average price is $22.95. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. Adient plc has a 12-month low of $18.53 and a 12-month high of $37.19.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.47 billion. Adient had a net margin of 0.12% and a return on equity of 6.86%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. As a group, equities analysts predict that Adient plc will post 2.04 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on ADNT shares. Morgan Stanley reduced their price objective on Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $24.00 price target on shares of Adient in a research report on Tuesday, September 10th. JPMorgan Chase & Co. lowered their price objective on shares of Adient from $31.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. StockNews.com upgraded shares of Adient from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Barclays cut their price target on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $24.38.

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.