Greenwich Wealth Management LLC grew its position in shares of Adient PLC (NYSE:ADNT) by 1.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,150 shares of the company’s stock after purchasing an additional 550 shares during the period. Greenwich Wealth Management LLC’s holdings in Adient were worth $1,023,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Adient in the second quarter worth $55,463,000. Parametric Portfolio Associates LLC raised its position in Adient by 14.1% in the second quarter. Parametric Portfolio Associates LLC now owns 523,294 shares of the company’s stock worth $12,700,000 after acquiring an additional 64,508 shares in the last quarter. RBF Capital LLC bought a new stake in Adient in the second quarter worth about $364,000. Glen Harbor Capital Management LLC increased its stake in Adient by 2.2% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 20,570 shares of the company’s stock worth $499,000 after purchasing an additional 442 shares in the last quarter. Finally, Commonwealth Bank of Australia increased its stake in Adient by 70.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 44,213 shares of the company’s stock worth $1,072,000 after purchasing an additional 18,300 shares in the last quarter. Institutional investors own 97.90% of the company’s stock.

NYSE ADNT traded down $0.72 during midday trading on Thursday, hitting $25.18. The company had a trading volume of 44,716 shares, compared to its average volume of 2,120,952. The company has a market capitalization of $2.42 billion, a PE ratio of 4.50 and a beta of 3.22. The company has a current ratio of 1.07, a quick ratio of 0.88 and a debt-to-equity ratio of 1.65. The firm has a 50-day moving average price of $22.48 and a 200-day moving average price of $20.41. Adient PLC has a twelve month low of $12.15 and a twelve month high of $45.17.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.07. Adient had a positive return on equity of 8.35% and a negative net margin of 11.00%. The company had revenue of $4.22 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter last year, the company posted $1.45 EPS. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, equities analysts anticipate that Adient PLC will post 1.29 EPS for the current year.

ADNT has been the topic of several research analyst reports. UBS Group cut Adient from a “buy” rating to a “neutral” rating and lowered their target price for the company from $30.00 to $27.00 in a research note on Thursday. Morgan Stanley set a $12.00 target price on Adient and gave the stock a “sell” rating in a report on Wednesday, June 26th. Credit Suisse Group initiated coverage on Adient in a report on Wednesday, June 26th. They issued a “neutral” rating and a $24.00 target price for the company. Finally, ValuEngine upgraded Adient from a “sell” rating to a “hold” rating in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $22.20.

Adient 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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