Illinois Municipal Retirement Fund Takes $794,000 Position in Adient plc (NYSE:ADNT)

Illinois Municipal Retirement Fund acquired a new position in shares of Adient plc (NYSE:ADNT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 46,056 shares of the company’s stock, valued at approximately $794,000. Illinois Municipal Retirement Fund owned approximately 0.05% of Adient as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in ADNT. Versant Capital Management Inc grew its position in Adient by 10,316.7% during the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock worth $32,000 after buying an additional 1,857 shares in the last quarter. R Squared Ltd bought a new position in shares of Adient in the fourth quarter worth approximately $32,000. IFP Advisors Inc raised its stake in Adient by 6,924.2% in the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock valued at $40,000 after purchasing an additional 2,285 shares in the last quarter. US Bancorp DE raised its stake in Adient by 583.8% in the third quarter. US Bancorp DE now owns 1,860 shares of the company’s stock valued at $42,000 after purchasing an additional 1,588 shares in the last quarter. Finally, KBC Group NV lifted its position in Adient by 51.8% during the third quarter. KBC Group NV now owns 3,328 shares of the company’s stock valued at $75,000 after purchasing an additional 1,136 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Adient Trading Down 7.2 %

Shares of ADNT stock opened at $14.69 on Tuesday. The business has a 50-day moving average of $17.13 and a 200 day moving average of $19.53. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86. Adient plc has a 1-year low of $14.60 and a 1-year high of $35.94. The stock has a market capitalization of $1.23 billion, a PE ratio of 734.50, a P/E/G ratio of 0.34 and a beta of 2.18.

Adient (NYSE:ADNT) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same period in the previous year, the business posted $0.31 EPS. As a group, sell-side analysts anticipate that Adient plc will post 1.76 earnings per share for the current year.

Insider Buying and Selling at Adient

In other Adient news, EVP James Conklin sold 11,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total transaction of $232,875.00. Following the completion of the transaction, the executive vice president now owns 51,829 shares of the company’s stock, valued at $1,049,537.25. This represents a 18.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ADNT shares. Barclays decreased their price target on shares of 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 reduced their target price for the company from $30.00 to $24.00 in a research note on Thursday, November 21st. UBS Group lifted their price target on Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Finally, StockNews.com upgraded Adient from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.63.

About Adient

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.