William Blair Investment Management LLC Has $14.09 Million Position in Adient plc (NYSE:ADNT)

William Blair Investment Management LLC raised its holdings in Adient plc (NYSE:ADNT) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 817,502 shares of the company’s stock after acquiring an additional 8,645 shares during the quarter. William Blair Investment Management LLC owned about 0.97% of Adient worth $14,086,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. R Squared Ltd bought a new stake in shares of Adient during the 4th quarter worth about $32,000. Versant Capital Management Inc boosted its position in Adient by 10,316.7% during the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock worth $32,000 after purchasing an additional 1,857 shares during the period. IFP Advisors Inc boosted its position in Adient by 6,924.2% during the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock worth $40,000 after purchasing an additional 2,285 shares during the period. KBC Group NV boosted its position in 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 purchasing an additional 1,136 shares during the period. Finally, Verition Fund Management LLC bought a new stake in shares of Adient during the 3rd quarter worth $316,000. 92.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Barclays decreased their price objective on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Bank of America downgraded Adient from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $24.00 to $18.00 in a research note on Tuesday, March 4th. Wells Fargo & Company downgraded Adient from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $27.00 to $20.00 in a research note on Monday, December 16th. Morgan Stanley reduced their price objective on Adient from $19.00 to $17.00 and set an “underweight” rating for the company in a research report on Monday, March 3rd. Finally, StockNews.com cut Adient from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, Adient presently has an average rating of “Hold” and an average price target of $20.88.

Adient Stock Down 0.1 %

Shares of ADNT stock opened at $13.98 on Thursday. The stock has a market cap of $1.17 billion, a P/E ratio of 699.05, a price-to-earnings-growth ratio of 0.34 and a beta of 2.27. Adient plc has a one year low of $13.44 and a one year high of $34.16. The stock has a fifty day moving average price of $16.39 and a 200 day moving average price of $18.85. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86.

Adient (NYSE:ADNT) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same quarter in the prior year, the company earned $0.31 EPS. Analysts predict that Adient plc will post 1.76 earnings per share for the current year.

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.