First Hawaiian Bank Has $857,000 Stock Holdings in Adient plc (NYSE:ADNT)

First Hawaiian Bank lessened its holdings in Adient plc (NYSE:ADNT) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,743 shares of the company’s stock after selling 2,174 shares during the quarter. First Hawaiian Bank owned 0.06% of Adient worth $857,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. US Bancorp DE lifted its stake in shares of Adient by 583.8% in the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock valued at $42,000 after acquiring an additional 1,588 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Adient by 10,316.7% in the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock valued at $32,000 after acquiring an additional 1,857 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Adient by 493.8% in the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after acquiring an additional 1,822 shares during the last quarter. KBC Group NV lifted its stake in shares of Adient by 51.8% in the 3rd quarter. KBC Group NV now owns 3,328 shares of the company’s stock valued at $75,000 after acquiring an additional 1,136 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of Adient by 23.2% in the 3rd quarter. Covestor Ltd now owns 5,482 shares of the company’s stock valued at $124,000 after acquiring an additional 1,032 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Stock Performance

ADNT stock opened at $16.66 on Friday. The stock has a 50-day moving average price of $18.79 and a 200-day moving average price of $21.33. Adient plc has a 1-year low of $16.28 and a 1-year high of $36.04. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The firm has a market cap of $1.41 billion, a PE ratio of 72.43, a price-to-earnings-growth ratio of 0.32 and a beta of 2.16.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.12. The firm had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.47 billion. Adient had a return on equity of 6.86% and a net margin of 0.12%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS. As a group, equities research analysts expect that Adient plc will post 2.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ADNT. Wells Fargo & Company cut Adient from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $27.00 to $20.00 in a research note on Monday, December 16th. StockNews.com raised Adient from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th. Bank of America lowered 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 report on Thursday, November 21st. Finally, Morgan Stanley lowered their target price on Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Adient has a consensus rating of “Hold” and an average target price of $23.50.

Insider Activity

In other news, EVP James Conklin sold 11,500 shares of the firm’s stock in a transaction dated 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 directly owns 51,829 shares in the company, valued at $1,049,537.25. This trade represents a 18.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.30% of the stock is currently owned by company insiders.

Adient 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.