Adient plc (NYSE:ADNT) Shares Bought by Foundry Partners LLC

Foundry Partners LLC lifted its stake in shares of Adient plc (NYSE:ADNT) by 5.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 126,279 shares of the company’s stock after acquiring an additional 6,361 shares during the period. Foundry Partners LLC’s holdings in Adient were worth $3,120,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Teacher Retirement System of Texas boosted its stake in shares of Adient by 959.8% during the fourth quarter. Teacher Retirement System of Texas now owns 109,359 shares of the company’s stock valued at $3,976,000 after acquiring an additional 99,040 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Adient by 1.2% during the fourth quarter. Franklin Resources Inc. now owns 3,233,171 shares of the company’s stock valued at $117,558,000 after acquiring an additional 37,010 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Adient during the first quarter valued at $2,710,000. Magnetar Financial LLC acquired a new stake in shares of Adient during the first quarter valued at $2,746,000. Finally, Duality Advisers LP acquired a new stake in shares of Adient during the first quarter valued at $1,653,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on ADNT shares. Wolfe Research started coverage on Adient in a research note on Thursday. They set a “peer perform” rating on the stock. Barclays reduced their target price on Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Bank of America reduced their target price on Adient from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Morgan Stanley reduced their target price on Adient from $32.00 to $21.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. reduced their target price on Adient from $31.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.00.

Adient Stock Performance

Adient stock opened at $21.12 on Friday. The stock’s 50-day moving average is $23.35 and its 200-day moving average is $27.76. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 0.58 and a beta of 2.19. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.08 and a quick ratio of 0.87. Adient plc has a 12 month low of $20.18 and a 12 month high of $39.93.

Adient (NYSE:ADNT) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.30). The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Adient had a return on equity of 6.34% and a net margin of 0.50%. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 earnings per share. Equities analysts anticipate that Adient plc will post 1.77 earnings per share for the current 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.