Creative Planning Has $828,000 Position in Adient plc (NYSE:ADNT)

Creative Planning raised its position in shares of Adient plc (NYSE:ADNT) by 138.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,708 shares of the company’s stock after purchasing an additional 21,291 shares during the quarter. Creative Planning’s holdings in Adient were worth $828,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ADNT. Vanguard Group Inc. raised its stake in Adient by 9.9% during the 4th quarter. Vanguard Group Inc. now owns 2,732,345 shares of the company’s stock valued at $99,348,000 after purchasing an additional 246,038 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Adient by 171.2% in the first quarter. Commonwealth Equity Services LLC now owns 22,228 shares of the company’s stock worth $732,000 after acquiring an additional 14,033 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Adient by 69.2% in the first quarter. BNP Paribas Financial Markets now owns 132,765 shares of the company’s stock worth $4,371,000 after acquiring an additional 54,311 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of Adient in the first quarter worth $406,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Adient in the first quarter worth $335,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Adient Trading Up 1.5 %

Shares of NYSE:ADNT opened at $19.82 on Friday. The stock has a market capitalization of $1.73 billion, a PE ratio of 26.78, a P/E/G ratio of 0.40 and a beta of 2.16. Adient plc has a 1 year low of $19.40 and a 1 year high of $37.19. The firm has a fifty day moving average price of $21.70 and a 200 day moving average price of $24.50. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08.

Adient (NYSE:ADNT) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.30). Adient had a net margin of 0.50% and a return on equity of 6.34%. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter last year, the company earned $0.98 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. Analysts expect that Adient plc will post 1.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ADNT has been the topic of a number of research reports. Morgan Stanley dropped their price target on shares of Adient from $32.00 to $21.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $24.00 price target on shares of Adient in a research note on Tuesday, September 10th. Bank of America dropped their price target on shares of Adient from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Barclays dropped their price target on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group decreased their price objective on shares of Adient from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.38.

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.