State of Alaska Department of Revenue Has $1.12 Million Position in Adient plc (NYSE:ADNT)

State of Alaska Department of Revenue boosted its holdings in shares of Adient plc (NYSE:ADNT) by 402.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 49,755 shares of the company’s stock after acquiring an additional 39,851 shares during the period. State of Alaska Department of Revenue’s holdings in Adient were worth $1,122,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ADNT. CWM LLC increased its position in shares of Adient by 44.5% during the second quarter. CWM LLC now owns 1,439 shares of the company’s stock worth $36,000 after acquiring an additional 443 shares in the last quarter. Signaturefd LLC boosted its stake in Adient by 493.8% during the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after purchasing an additional 1,822 shares during the last quarter. Covestor Ltd increased its holdings in Adient by 201.5% during the 1st quarter. Covestor Ltd now owns 3,307 shares of the company’s stock worth $109,000 after purchasing an additional 2,210 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Adient in the first quarter worth approximately $135,000. Finally, Headlands Technologies LLC bought a new position in shares of Adient in the first quarter valued at approximately $159,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ADNT. JPMorgan Chase & Co. decreased their price target on Adient from $31.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Bank of America cut their price objective on Adient from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Barclays decreased their price objective on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $24.00 target price on shares of Adient in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company decreased their target price on Adient from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Adient presently has an average rating of “Hold” and a consensus target price of $25.38.

Adient Price Performance

Adient stock opened at $19.74 on Tuesday. Adient plc has a one year low of $19.40 and a one year high of $37.19. The business has a fifty day moving average price of $21.66 and a 200-day moving average price of $24.38. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.08 and a quick ratio of 0.87. The firm has a market capitalization of $1.72 billion, a P/E ratio of 26.68, a PEG ratio of 0.38 and a beta of 2.18.

Adient (NYSE:ADNT) last posted its earnings results on Tuesday, August 6th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.30). The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Adient had a return on equity of 6.34% and a net margin of 0.50%. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, equities research analysts forecast that Adient plc will post 1.73 EPS for the current year.

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.