Adient plc (NYSE:ADNT) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. decreased its holdings in shares of Adient plc (NYSE:ADNT) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,270 shares of the company’s stock after selling 5,016 shares during the quarter. Corebridge Financial Inc.’s holdings in Adient were worth $797,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of Adient during the fourth quarter valued at approximately $32,000. Versant Capital Management Inc boosted its position in 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 purchasing an additional 1,857 shares during the period. IFP Advisors Inc grew its stake in Adient by 6,924.2% during the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock worth $40,000 after buying an additional 2,285 shares during the last quarter. KBC Group NV grew its stake in Adient by 62.3% during 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. Finally, LPL Financial LLC acquired a new stake in Adient in the fourth quarter worth $216,000. Institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, January 27th. UBS Group upped their target price 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. StockNews.com raised Adient from a “hold” rating to a “buy” rating in a report on Tuesday, April 1st. Bank of America lowered Adient from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $24.00 to $18.00 in a report on Tuesday, March 4th. Finally, Morgan Stanley cut their target price on Adient from $19.00 to $17.00 and set an “underweight” rating on the stock in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Adient has a consensus rating of “Hold” and a consensus target price of $20.88.

Adient Stock Performance

Shares of NYSE ADNT opened at $11.60 on Friday. Adient plc has a 1 year low of $10.71 and a 1 year high of $31.85. The firm has a market cap of $973.62 million, a P/E ratio of 580.00, a PEG ratio of 0.34 and a beta of 1.97. The stock has a fifty day moving average price of $15.49 and a two-hundred day moving average price of $18.19. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08.

Adient (NYSE:ADNT) last announced its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share 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 firm posted $0.31 EPS. Research analysts forecast that Adient plc will post 1.76 EPS for the current fiscal year.

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.