Mirae Asset Global Investments Co. Ltd. Boosts Stake in Adient plc (NYSE:ADNT)

Mirae Asset Global Investments Co. Ltd. raised its position in Adient plc (NYSE:ADNT) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,451 shares of the company’s stock after buying an additional 896 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Adient were worth $1,580,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADNT. Raymond James Financial Services Advisors Inc. purchased a new stake in Adient in the 1st quarter valued at about $214,000. Bank of Montreal Can increased its stake in Adient by 45.3% in the 1st quarter. Bank of Montreal Can now owns 77,628 shares of the company’s stock valued at $3,169,000 after buying an additional 24,213 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Adient by 11.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,731 shares of the company’s stock worth $1,416,000 after purchasing an additional 3,493 shares during the last quarter. BlackRock Inc. increased its stake in shares of Adient by 1.6% during the 1st quarter. BlackRock Inc. now owns 10,748,066 shares of the company’s stock worth $438,197,000 after purchasing an additional 167,887 shares during the last quarter. Finally, Great West Life Assurance Co. Can purchased a new stake in shares of Adient during the 1st quarter worth approximately $2,433,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling at Adient

In other Adient news, EVP Heather M. Tiltmann sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $33.68, for a total value of $336,800.00. Following the completion of the transaction, the executive vice president now directly owns 55,669 shares of the company’s stock, valued at approximately $1,874,931.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

Adient Stock Up 2.9 %

ADNT opened at $28.83 on Friday. The company has a 50 day moving average of $32.77 and a 200 day moving average of $33.76. The company has a market cap of $2.63 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 0.29 and a beta of 2.51. Adient plc has a 12 month low of $27.73 and a 12 month high of $46.51. The company has a current ratio of 1.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.92.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.16). Adient had a net margin of 1.39% and a return on equity of 7.90%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the business earned $0.34 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts expect that Adient plc will post 2.57 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ADNT shares. Wells Fargo & Company decreased their price target on shares of Adient from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Bank of America decreased their price target on shares of Adient from $50.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Barclays restated an “equal weight” rating and set a $37.00 price target (down previously from $41.00) on shares of Adient in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Adient from $41.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.86.

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.