Hotchkis & Wiley Capital Management LLC Boosts Position in Adient plc (NYSE:ADNT)

Hotchkis & Wiley Capital Management LLC lifted its holdings in Adient plc (NYSE:ADNT) by 9.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,197,090 shares of the company’s stock after purchasing an additional 442,200 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.06% of Adient worth $117,298,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC boosted its holdings in shares of Adient by 44.5% in the second quarter. CWM LLC now owns 1,439 shares of the company’s stock valued at $36,000 after acquiring an additional 443 shares in the last quarter. US Bancorp DE grew its stake in Adient by 583.8% during the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $42,000 after buying an additional 1,588 shares during the last quarter. Signaturefd LLC raised its holdings in Adient by 493.8% during the third quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock worth $49,000 after purchasing an additional 1,822 shares in the last quarter. KBC Group NV increased its position in shares of Adient by 51.8% in the third quarter. KBC Group NV now owns 3,328 shares of the company’s stock worth $75,000 after acquiring an additional 1,136 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Adient by 23.2% in the third quarter. Covestor Ltd now owns 5,482 shares of the company’s stock valued at $124,000 after acquiring an additional 1,032 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADNT has been the topic of several research analyst reports. Bank of America cut shares of Adient from a “buy” rating to a “neutral” rating and decreased their price target for the company from $30.00 to $24.00 in a research note on Thursday, November 21st. Wells Fargo & Company cut their target price on Adient from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Morgan Stanley dropped their price target on shares of Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. UBS Group dropped their price objective on Adient from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Wolfe Research began coverage on shares of Adient in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $24.38.

Adient Stock Performance

Shares of Adient stock opened at $20.28 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.11. Adient plc has a 52 week low of $18.53 and a 52 week high of $37.19. The firm has a fifty day moving average of $20.91 and a two-hundred day moving average of $23.06. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 88.17, a PEG ratio of 0.32 and a beta of 2.18.

Adient (NYSE:ADNT) last issued its quarterly earnings data 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. Adient had a return on equity of 6.86% and a net margin of 0.12%. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the company posted $0.51 EPS. Adient’s quarterly revenue was down 3.7% compared to the same quarter last year. As a group, equities research analysts predict that Adient plc will post 2.04 EPS for the current year.

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.