Adient plc (NYSE:ADNT) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its stake in Adient plc (NYSE:ADNT) by 93.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 43,551 shares of the company’s stock after selling 598,176 shares during the quarter. Janus Henderson Group PLC’s holdings in Adient were worth $983,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Adient by 9.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock valued at $117,298,000 after acquiring an additional 442,200 shares in the last quarter. Holocene Advisors LP lifted its position in Adient by 48.3% in the third quarter. Holocene Advisors LP now owns 172,661 shares of the company’s stock worth $3,897,000 after purchasing an additional 56,224 shares during the period. Centiva Capital LP acquired a new stake in Adient in the third quarter worth approximately $440,000. Verition Fund Management LLC bought a new position in Adient during the 3rd quarter valued at $316,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Adient by 66.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,461 shares of the company’s stock valued at $4,050,000 after purchasing an additional 71,651 shares during the period. Institutional investors own 92.44% of the company’s stock.

Insider Activity

In related news, EVP James Conklin sold 11,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total transaction 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 approximately $1,049,537.25. This trade represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Adient Stock Performance

Adient stock opened at $18.96 on Friday. Adient plc has a fifty-two week low of $18.53 and a fifty-two week high of $37.19. The firm’s 50 day simple moving average is $20.39 and its 200-day simple moving average is $22.60. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.90. The company has a market cap of $1.61 billion, a P/E ratio of 82.43, a price-to-earnings-growth ratio of 0.32 and a beta of 2.15.

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 for the quarter, compared to analysts’ expectations of $3.47 billion. Adient had a net margin of 0.12% and a return on equity of 6.86%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. As a group, equities research analysts predict that Adient plc will post 2.04 EPS for the current year.

Analyst Upgrades and Downgrades

ADNT has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on Adient from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Bank of America downgraded shares of Adient from a “buy” rating to a “neutral” rating and cut their price target for the company from $30.00 to $24.00 in a report on Thursday, November 21st. Wolfe Research initiated coverage on shares of Adient in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. StockNews.com raised shares of Adient from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $24.00 price target on shares of Adient in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.38.

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.