Adient PLC (ADNT) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its holdings in Adient PLC (NYSE:ADNT) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 713,187 shares of the company’s stock after acquiring an additional 19,068 shares during the period. Northern Trust Corp owned about 0.76% of Adient worth $10,741,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ADNT. Oregon Public Employees Retirement Fund raised its position in Adient by 1,406.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 553,094 shares of the company’s stock valued at $37,000 after purchasing an additional 516,368 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in Adient during the fourth quarter valued at about $91,000. Bank of Montreal Can raised its position in Adient by 34.3% during the fourth quarter. Bank of Montreal Can now owns 7,639 shares of the company’s stock valued at $114,000 after purchasing an additional 1,952 shares in the last quarter. D.A. Davidson & CO. raised its position in Adient by 7.4% during the fourth quarter. D.A. Davidson & CO. now owns 10,306 shares of the company’s stock valued at $155,000 after purchasing an additional 709 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in Adient by 50.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,708 shares of the company’s stock valued at $176,000 after purchasing an additional 3,914 shares in the last quarter.

Shares of NYSE ADNT traded up $0.99 during trading hours on Friday, hitting $24.89. The company’s stock had a trading volume of 1,657,272 shares, compared to its average volume of 2,426,528. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.00 and a quick ratio of 0.77. The stock has a market capitalization of $2.33 billion, a PE ratio of 4.43 and a beta of 2.74. Adient PLC has a 12 month low of $12.15 and a 12 month high of $58.17.

Adient (NYSE:ADNT) last posted its earnings results on Thursday, February 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.17). The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.17 billion. Adient had a positive return on equity of 13.15% and a negative net margin of 8.54%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 earnings per share. As a group, equities research analysts anticipate that Adient PLC will post 2.34 earnings per share for the current year.

A number of research firms have weighed in on ADNT. Barclays restated a “hold” rating and set a $16.00 price target on shares of Adient in a research report on Sunday, March 31st. Robert W. Baird upgraded Adient from an “underperform” rating to a “neutral” rating and set a $13.22 price target on the stock in a research report on Monday, April 1st. Royal Bank of Canada upgraded Adient from an “underperform” rating to a “sector perform” rating and set a $15.00 price target on the stock in a research report on Friday, April 5th. Longbow Research reaffirmed a “buy” rating and set a $26.00 price objective on shares of Adient in a research note on Tuesday, April 16th. Finally, UBS Group raised their price objective on Adient to $32.00 and gave the company a “buy” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $26.77.

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Adient Profile

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.

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Institutional Ownership by Quarter for Adient (NYSE:ADNT)

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