Janus Henderson Group PLC Acquires 227,810 Shares of Adient plc (NYSE:ADNT)

Janus Henderson Group PLC raised its position in Adient plc (NYSE:ADNT) by 48.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 697,303 shares of the company’s stock after buying an additional 227,810 shares during the period. Janus Henderson Group PLC owned about 0.78% of Adient worth $22,955,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Partnership Wealth Management LLC bought a new position in Adient in the 4th quarter valued at $83,000. Covestor Ltd boosted its position in Adient by 201.5% in the 1st quarter. Covestor Ltd now owns 3,307 shares of the company’s stock valued at $109,000 after buying an additional 2,210 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Adient in the 1st quarter valued at $135,000. TFO Wealth Partners LLC lifted its stake in shares of Adient by 41,090.9% in the 4th quarter. TFO Wealth Partners LLC now owns 4,531 shares of the company’s stock valued at $1,650,000 after purchasing an additional 4,520 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Adient in the 1st quarter valued at $159,000. 92.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Bank of America cut their price target on Adient from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. UBS Group cut their price target on Adient from $31.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. BNP Paribas raised Adient from an “underperform” rating to a “neutral” rating and set a $26.00 price objective on the stock in a research note on Monday, July 1st. Barclays dropped their price objective on Adient from $34.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. dropped their price objective on Adient from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Adient presently has a consensus rating of “Hold” and an average target price of $34.33.

Insider Activity

In other Adient news, Director Peter Carlin sold 4,207 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $28.90, for a total transaction of $121,582.30. Following the completion of the transaction, the director now directly owns 28,352 shares in the company, valued at $819,372.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Adient Trading Up 0.4 %

Adient stock opened at $25.78 on Thursday. Adient plc has a 52 week low of $22.93 and a 52 week high of $46.51. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.91 and a current ratio of 1.13. The stock has a market capitalization of $2.32 billion, a P/E ratio of 15.82, a PEG ratio of 0.47 and a beta of 2.19. The stock has a 50-day simple moving average of $25.74 and a 200 day simple moving average of $29.93.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.15. Adient had a return on equity of 8.72% and a net margin of 1.04%. The business had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Adient’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the company posted $0.32 earnings per share. Analysts expect that Adient plc will post 2.14 earnings per share for the current year.

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.