Pacer Advisors Inc. Has $116.11 Million Position in Adient plc (NYSE:ADNT)

Pacer Advisors Inc. increased its position in shares of Adient plc (NYSE:ADNT) by 38,074.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,144,445 shares of the company’s stock after buying an additional 5,130,969 shares during the period. Pacer Advisors Inc. owned 5.90% of Adient worth $116,110,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADNT. Intech Investment Management LLC bought a new stake in shares of Adient in the third quarter valued at approximately $725,000. Pzena Investment Management LLC grew its position in Adient by 45.0% in the 3rd quarter. Pzena Investment Management LLC now owns 2,825,491 shares of the company’s stock worth $63,771,000 after purchasing an additional 877,142 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Adient by 202.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 69,831 shares of the company’s stock worth $1,576,000 after purchasing an additional 46,766 shares during the period. Empowered Funds LLC acquired a new position in shares of Adient during the third quarter valued at about $6,653,000. Finally, KBC Group NV lifted its stake in shares of Adient by 51.8% in the third quarter. KBC Group NV now owns 3,328 shares of the company’s stock valued at $75,000 after buying an additional 1,136 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Stock Down 0.3 %

Shares of NYSE ADNT opened at $19.01 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $1.61 billion, a PE ratio of 81.70, a price-to-earnings-growth ratio of 0.44 and a beta of 2.18. The firm’s 50-day moving average is $21.24 and its 200-day moving average is $23.63. Adient plc has a 1 year low of $18.53 and a 1 year high of $37.19.

Adient (NYSE:ADNT) last released its quarterly earnings data on Friday, November 8th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.47 billion. Adient had a return on equity of 6.86% and a net margin of 0.12%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. Equities analysts expect that Adient plc will post 2.27 EPS for the current year.

Wall Street Analysts Forecast Growth

ADNT has been the topic of a number of research reports. Barclays lowered their price objective on Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley lowered their price target on shares of Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $24.00 price objective on shares of Adient in a report on Tuesday, September 10th. Wells Fargo & Company lowered their target price on shares of Adient from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Finally, StockNews.com upgraded shares of Adient from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.38.

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.