Harbor Capital Advisors Inc. Has $3.61 Million Stock Position in Adient plc (NYSE:ADNT)

Harbor Capital Advisors Inc. grew its stake in Adient plc (NYSE:ADNT) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 209,674 shares of the company’s stock after buying an additional 3,816 shares during the quarter. Harbor Capital Advisors Inc. owned 0.25% of Adient worth $3,613,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Adient by 9.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock valued at $117,298,000 after purchasing an additional 442,200 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Adient by 38,074.9% during the third quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company’s stock worth $116,110,000 after buying an additional 5,130,969 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Adient by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,078,070 shares of the company’s stock valued at $125,480,000 after buying an additional 61,342 shares during the last quarter. State Street Corp lifted its stake in Adient by 4.8% in the 3rd quarter. State Street Corp now owns 3,443,471 shares of the company’s stock valued at $77,719,000 after acquiring an additional 158,017 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its position in Adient by 45.0% during the 3rd quarter. Pzena Investment Management LLC now owns 2,825,491 shares of the company’s stock worth $63,771,000 after acquiring an additional 877,142 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Adient Stock Performance

Shares of NYSE ADNT opened at $16.66 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $1.41 billion, a P/E ratio of 72.43, a P/E/G ratio of 0.32 and a beta of 2.16. Adient plc has a 12 month low of $16.28 and a 12 month high of $36.04. The stock has a 50 day moving average of $18.79 and a 200-day moving average of $21.33.

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

Insider Buying and Selling at Adient

In other Adient news, EVP James Conklin sold 11,500 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total value of $232,875.00. Following the transaction, the executive vice president now directly owns 51,829 shares of the company’s stock, valued at $1,049,537.25. This represents a 18.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on ADNT shares. Wells Fargo & Company lowered shares of Adient from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $27.00 to $20.00 in a research report on Monday, December 16th. StockNews.com raised shares of Adient from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th. Morgan Stanley decreased their price objective on Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. Finally, Bank of America lowered Adient from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $30.00 to $24.00 in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Adient currently has a consensus rating of “Hold” and an average target price of $23.50.

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.