Thrivent Financial for Lutherans Sells 1,507 Shares of Adient plc (NYSE:ADNT)

Thrivent Financial for Lutherans lowered its stake in shares of Adient plc (NYSE:ADNT) by 2.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 68,324 shares of the company’s stock after selling 1,507 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Adient were worth $1,177,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Adient during the fourth quarter valued at approximately $32,000. Versant Capital Management Inc lifted its holdings in shares of Adient by 10,316.7% during the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock valued at $32,000 after buying an additional 1,857 shares during the period. KBC Group NV boosted its stake in shares of Adient by 62.3% in the 4th quarter. KBC Group NV now owns 5,402 shares of the company’s stock worth $93,000 after buying an additional 2,074 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Adient by 6,924.2% in the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock worth $40,000 after acquiring an additional 2,285 shares during the period. Finally, Quantbot Technologies LP grew its holdings in shares of Adient by 19.4% in the third quarter. Quantbot Technologies LP now owns 22,085 shares of the company’s stock worth $498,000 after acquiring an additional 3,587 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Price Performance

NYSE:ADNT opened at $12.91 on Tuesday. The business’s 50-day simple moving average is $15.87 and its two-hundred day simple moving average is $18.41. Adient plc has a 52 week low of $12.31 and a 52 week high of $32.79. The stock has a market cap of $1.08 billion, a PE ratio of 645.25, a P/E/G ratio of 0.34 and a beta of 2.27. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11.

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 negative net margin of 0.01% and a positive return on equity of 6.94%. During the same period in the prior year, the company posted $0.31 EPS. As a group, analysts forecast that Adient plc will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on ADNT. JPMorgan Chase & Co. dropped their target price on Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Bank of America downgraded shares of Adient from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $24.00 to $18.00 in a report on Tuesday, March 4th. Morgan Stanley cut their target price on shares of Adient from $19.00 to $17.00 and set an “underweight” rating for the company in a research report on Monday, March 3rd. UBS Group increased their price target on shares of Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company lowered Adient from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.88.

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.