Adient plc (NYSE:ADNT) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its position in shares of Adient plc (NYSE:ADNT) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,797,668 shares of the company’s stock after selling 346,777 shares during the quarter. Pacer Advisors Inc. owned approximately 5.65% of Adient worth $82,664,000 as of its most recent filing with the Securities and Exchange Commission.

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

Adient Stock Up 1.2 %

Shares of NYSE:ADNT opened at $17.09 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 0.98. Adient plc has a fifty-two week low of $16.28 and a fifty-two week high of $36.04. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 74.29, a price-to-earnings-growth ratio of 0.28 and a beta of 2.16. The firm’s 50 day moving average price is $18.10 and its 200 day moving average price is $20.71.

Adient (NYSE:ADNT) last issued its earnings results on Friday, November 8th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. Adient had a net margin of 0.12% and a return on equity of 6.86%. The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The company’s 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 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP James Conklin sold 11,500 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total value of $232,875.00. Following the transaction, the executive vice president now directly owns 51,829 shares of the company’s stock, valued at $1,049,537.25. This trade represents a 18.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ADNT. Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $27.00 to $20.00 in a research report on Monday, December 16th. Barclays cut their price objective on Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Bank of America cut Adient from a “buy” rating to a “neutral” rating and lowered their target price for the company from $30.00 to $24.00 in a report on Thursday, November 21st. Morgan Stanley cut their price target on shares of Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Finally, StockNews.com lowered shares of Adient from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat.com, Adient currently has an average rating of “Hold” and an average target price of $23.13.

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.