Adient plc (NYSE:ADNT) Stock Position Raised by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its stake in shares of Adient plc (NYSE:ADNT) by 18.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,991 shares of the company’s stock after acquiring an additional 1,109 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Adient were worth $254,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Adient by 5.1% during the 1st quarter. BlackRock Inc. now owns 12,047,498 shares of the company’s stock worth $493,466,000 after acquiring an additional 583,297 shares in the last quarter. Capital World Investors boosted its position in shares of Adient by 29.1% in the first quarter. Capital World Investors now owns 11,562,906 shares of the company’s stock worth $471,420,000 after buying an additional 2,607,625 shares during the period. State Street Corp boosted its position in shares of Adient by 2.0% in the first quarter. State Street Corp now owns 3,227,984 shares of the company’s stock worth $132,218,000 after buying an additional 63,861 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Adient by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,698,037 shares of the company’s stock worth $109,999,000 after buying an additional 58,246 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Adient by 12.3% in the third quarter. Vanguard Group Inc. now owns 2,486,307 shares of the company’s stock worth $91,247,000 after buying an additional 271,786 shares during the period. 92.44% of the stock is owned by institutional investors.

Adient Price Performance

ADNT opened at $28.02 on Friday. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 0.29 and a beta of 2.51. Adient plc has a 1 year low of $27.73 and a 1 year high of $46.51. The company has a current ratio of 1.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.92. The stock has a fifty day moving average price of $32.99 and a 200 day moving average price of $33.86.

Adient (NYSE:ADNT) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.16). The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. Adient had a net margin of 1.39% and a return on equity of 7.90%. Adient’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. Analysts forecast that Adient plc will post 2.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ADNT has been the subject of several recent analyst reports. Barclays reaffirmed an “equal weight” rating and issued a $37.00 target price (down previously from $41.00) on shares of Adient in a research report on Wednesday, April 10th. Wells Fargo & Company decreased their target price on Adient from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. JPMorgan Chase & Co. decreased their target price on Adient from $41.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, February 28th. Finally, Bank of America decreased their target price on Adient from $50.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Adient presently has a consensus rating of “Hold” and an average price target of $42.86.

Insider Buying and Selling at Adient

In other Adient news, EVP Heather M. Tiltmann sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total transaction of $336,800.00. Following the transaction, the executive vice president now directly owns 55,669 shares in the company, valued at $1,874,931.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

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.