Amalgamated Bank Decreases Position in Adient plc (NYSE:ADNT)

Amalgamated Bank trimmed its holdings in shares of Adient plc (NYSE:ADNT) by 40.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 25,832 shares of the company’s stock after selling 17,890 shares during the period. Amalgamated Bank’s holdings in Adient were worth $583,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC lifted its stake in shares of Adient by 44.5% in the 2nd quarter. CWM LLC now owns 1,439 shares of the company’s stock valued at $36,000 after acquiring an additional 443 shares during the last quarter. US Bancorp DE increased its stake in Adient by 583.8% in the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $42,000 after purchasing an additional 1,588 shares during the period. Signaturefd LLC lifted its position in Adient by 493.8% in the third quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after purchasing an additional 1,822 shares during the last quarter. Covestor Ltd boosted its stake in shares of Adient by 201.5% during the first quarter. Covestor Ltd now owns 3,307 shares of the company’s stock valued at $109,000 after purchasing an additional 2,210 shares during the period. Finally, Lazard Asset Management LLC bought a new position in shares of Adient in the first quarter worth approximately $135,000. 92.44% of the stock is owned by institutional investors.

Adient Trading Down 2.5 %

ADNT opened at $19.89 on Friday. 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 52 week low of $19.30 and a 52 week high of $37.19. The stock has a market cap of $1.73 billion, a PE ratio of 86.48, a PEG ratio of 0.44 and a beta of 2.18. The business has a 50 day moving average of $21.32 and a 200-day moving average of $23.88.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.68 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the company earned $0.51 earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities research analysts predict that Adient plc will post 2.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Morgan Stanley lowered their price target on shares of Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a report on Thursday. Bank of America dropped their target price on shares of Adient from $35.00 to $30.00 and set a “buy” rating for the company in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $24.00 price target on shares of Adient in a report on Tuesday, September 10th. JPMorgan Chase & Co. dropped their price objective on Adient from $31.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, Wolfe Research assumed coverage on Adient in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Adient has an average rating of “Hold” and a consensus price target of $25.13.

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.