Aviva PLC reduced its position in shares of Adient PLC (NYSE:ADNT) by 22.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,971 shares of the company’s stock after selling 9,920 shares during the period. Aviva PLC’s holdings in Adient were worth $527,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ADNT. Parametrica Management Ltd acquired a new position in Adient during the fourth quarter valued at approximately $328,000. Raymond James Financial Services Advisors Inc. lifted 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 buying an additional 3,914 shares in the last quarter. Greenwich Wealth Management LLC lifted its position in Adient by 37.7% during the fourth quarter. Greenwich Wealth Management LLC now owns 24,875 shares of the company’s stock valued at $375,000 after buying an additional 6,805 shares in the last quarter. Texas Permanent School Fund lifted its position in Adient by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 56,839 shares of the company’s stock valued at $856,000 after buying an additional 2,201 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Adient by 1.5% during the fourth quarter. Bank of New York Mellon Corp now owns 926,265 shares of the company’s stock valued at $13,949,000 after buying an additional 14,037 shares in the last quarter.

ADNT opened at $13.97 on Friday. The company has a market cap of $1.30 billion, a PE ratio of 2.49, a PEG ratio of 0.54 and a beta of 2.17. Adient PLC has a 52-week low of $13.87 and a 52-week high of $67.10. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 1.00.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Thursday, February 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.17). The firm had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.17 billion. Adient had a negative net margin of 8.54% and a positive return on equity of 13.15%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.06 EPS. Equities research analysts predict that Adient PLC will post 2.32 EPS for the current fiscal year.

A number of research analysts have weighed in on ADNT shares. Longbow Research reaffirmed a “buy” rating and set a $28.00 price target on shares of Adient in a research report on Monday, January 28th. Barclays set a $19.00 price objective on shares of Adient and gave the company a “hold” rating in a research note on Friday, January 4th. Deutsche Bank assumed coverage on shares of Adient in a research note on Thursday, December 13th. They set a “hold” rating on the stock. Bank of America set a $22.00 price objective on shares of Adient and gave the company a “hold” rating in a research note on Tuesday, January 22nd. Finally, Goldman Sachs Group reiterated a “hold” rating on shares of Adient in a research note on Wednesday, January 16th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $31.00.

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Adient Company 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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