Pacer Advisors Inc. Lowers Stock Position in Adient plc (NYSE:ADNT)

Pacer Advisors Inc. decreased its holdings in Adient plc (NYSE:ADNT) by 6.7% in the 4th quarter, Holdings Channel reports. The firm owned 4,797,668 shares of the company’s stock after selling 346,777 shares during the period. Pacer Advisors Inc. owned 0.06% of Adient worth $82,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Sei Investments Co. raised its holdings in shares of Adient by 26.5% in the second quarter. Sei Investments Co. now owns 64,752 shares of the company’s stock valued at $1,600,000 after buying an additional 13,546 shares during the last quarter. Squarepoint Ops LLC lifted its position in Adient by 64.4% during the 2nd quarter. Squarepoint Ops LLC now owns 316,144 shares of the company’s stock worth $7,812,000 after acquiring an additional 123,863 shares during the period. AQR Capital Management LLC grew its stake in shares of Adient by 10.9% in the 2nd quarter. AQR Capital Management LLC now owns 625,500 shares of the company’s stock valued at $15,419,000 after purchasing an additional 61,665 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Adient by 86.3% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,133,901 shares of the company’s stock valued at $28,019,000 after purchasing an additional 525,280 shares during the period. Finally, Susquehanna Fundamental Investments LLC grew its position in Adient by 85.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 152,940 shares of the company’s stock valued at $3,779,000 after buying an additional 70,611 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insiders Place Their Bets

In related 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 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 represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

Adient Trading Up 1.2 %

Shares of Adient stock opened at $17.09 on Monday. Adient plc has a 1 year low of $16.28 and a 1 year high of $36.04. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.90. The business has a 50 day moving average price of $18.10 and a 200 day moving average price of $20.71. The company has a market capitalization of $1.45 billion, a P/E ratio of 74.29, a P/E/G ratio of 0.28 and a beta of 2.16.

Adient (NYSE:ADNT) last released its quarterly earnings results on Friday, November 8th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Adient had a return on equity of 6.86% and a net margin of 0.12%. The business’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 firm posted $0.51 earnings per share. Sell-side analysts anticipate that Adient plc will post 2.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ADNT has been the subject of a number of analyst reports. Wells Fargo & Company downgraded 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. Morgan Stanley decreased their price target on Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Bank of America downgraded Adient from a “buy” rating to a “neutral” rating and reduced their target price for the company from $30.00 to $24.00 in a report on Thursday, November 21st. Barclays decreased their price objective on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Finally, StockNews.com downgraded shares of Adient from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat, Adient presently has a consensus rating of “Hold” and a consensus price target of $23.13.

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.