UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 71,651 Shares of Adient plc (NYSE:ADNT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Adient plc (NYSE:ADNT) by 66.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,461 shares of the company’s stock after acquiring an additional 71,651 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Adient worth $4,050,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. CWM LLC lifted its stake in Adient by 44.5% during 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 in the last quarter. SummerHaven Investment Management LLC lifted its stake in Adient by 3.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 18,167 shares of the company’s stock valued at $449,000 after acquiring an additional 556 shares in the last quarter. Covestor Ltd raised its stake in shares of Adient by 23.2% during the 3rd quarter. Covestor Ltd now owns 5,482 shares of the company’s stock worth $124,000 after purchasing an additional 1,032 shares during the period. KBC Group NV raised its stake in shares of Adient by 51.8% during the 3rd quarter. KBC Group NV now owns 3,328 shares of the company’s stock worth $75,000 after purchasing an additional 1,136 shares during the period. Finally, US Bancorp DE raised its stake in shares of Adient by 583.8% during 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. 92.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ADNT has been the topic of a number of recent analyst reports. Bank of America cut Adient from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $30.00 to $24.00 in a research note on Thursday, November 21st. Wolfe Research initiated coverage on Adient in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $24.00 target price on shares of Adient in a research note on Tuesday, September 10th. Wells Fargo & Company lowered their target price on Adient from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Finally, StockNews.com raised Adient from a “hold” rating to a “buy” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Adient currently has a consensus rating of “Hold” and an average target price of $24.38.

Insider Transactions at Adient

In related news, EVP James Conklin sold 11,500 shares of the business’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 value of $232,875.00. Following the completion of the sale, the executive vice president now owns 51,829 shares in the company, valued at $1,049,537.25. The trade was a 18.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by insiders.

Adient Stock Down 1.7 %

ADNT stock opened at $19.08 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. The firm has a market capitalization of $1.62 billion, a PE ratio of 82.93, a PEG ratio of 0.32 and a beta of 2.15. Adient plc has a twelve month low of $18.53 and a twelve month high of $37.19. The stock has a 50-day simple moving average of $20.45 and a two-hundred day simple moving average of $22.66.

Adient (NYSE:ADNT) last posted its earnings results on Friday, November 8th. The company reported $0.68 earnings per share for the quarter, beating 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 analyst estimates of $3.47 billion. During the same quarter in the previous year, the firm earned $0.51 EPS. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities analysts predict that Adient plc will post 2.04 EPS for the current fiscal year.

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.