William Blair Investment Management LLC Purchases 8,645 Shares of Adient plc (NYSE:ADNT)

William Blair Investment Management LLC boosted its position in shares of Adient plc (NYSE:ADNT) by 1.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 817,502 shares of the company’s stock after purchasing an additional 8,645 shares during the period. William Blair Investment Management LLC’s holdings in Adient were worth $14,086,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC raised its position in Adient by 28.5% in the 4th quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock worth $62,535,000 after purchasing an additional 803,961 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Adient by 144.9% during the third quarter. BNP Paribas Financial Markets now owns 210,477 shares of the company’s stock worth $4,750,000 after acquiring an additional 124,539 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Adient by 202.8% during the third quarter. Thrivent Financial for Lutherans now owns 69,831 shares of the company’s stock worth $1,576,000 after acquiring an additional 46,766 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Adient by 36.5% during the 3rd quarter. Principal Financial Group Inc. now owns 411,199 shares of the company’s stock worth $9,281,000 after purchasing an additional 109,850 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Adient during the 3rd quarter valued at about $725,000. 92.44% of the stock is owned by institutional investors.

Adient Trading Down 0.1 %

Shares of NYSE:ADNT opened at $13.98 on Thursday. Adient plc has a 12 month low of $13.44 and a 12 month high of $34.16. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11. The company’s fifty day simple moving average is $16.39 and its 200 day simple moving average is $18.85. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 699.05, a PEG ratio of 0.34 and a beta of 2.27.

Adient (NYSE:ADNT) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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 last year, the company posted $0.31 earnings per share. As a group, research analysts forecast that Adient plc will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ADNT shares. StockNews.com lowered shares of Adient from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. UBS Group boosted their target price on Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Bank of America cut Adient from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $24.00 to $18.00 in a research note on Tuesday, March 4th. Wells Fargo & Company cut Adient from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $27.00 to $20.00 in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. dropped their price objective on Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.88.

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.