Adient plc (NYSE:ADNT) Stock Position Trimmed by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC trimmed its position in shares of Adient plc (NYSE:ADNT) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,558 shares of the company’s stock after selling 948 shares during the period. Greenwich Wealth Management LLC’s holdings in Adient were worth $423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV boosted its position in shares of Adient by 51.8% during the third quarter. KBC Group NV now owns 3,328 shares of the company’s stock worth $75,000 after buying an additional 1,136 shares during the period. US Bancorp DE raised its stake in Adient by 583.8% during 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 in the last quarter. Victory Capital Management Inc. boosted its position in Adient by 8.4% during the 3rd quarter. Victory Capital Management Inc. now owns 20,977 shares of the company’s stock worth $473,000 after acquiring an additional 1,633 shares during the period. R Squared Ltd bought a new position in shares of Adient in the fourth quarter worth $32,000. Finally, Versant Capital Management Inc increased its holdings in shares of Adient by 10,316.7% during the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock valued at $32,000 after purchasing an additional 1,857 shares during the period. Institutional investors own 92.44% of the company’s stock.

Adient Stock Up 5.7 %

Shares of NYSE:ADNT opened at $14.25 on Monday. The firm has a 50 day simple moving average of $16.59 and a 200 day simple moving average of $19.01. Adient plc has a 52 week low of $13.44 and a 52 week high of $34.16. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08. The company has a market cap of $1.20 billion, a PE ratio of 712.25, a price-to-earnings-growth ratio of 0.34 and a beta of 2.27.

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

Analyst Ratings Changes

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

About Adient

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.