Teachers Retirement System of The State of Kentucky Has $626,000 Position in Adient plc (NYSE:ADNT)

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of Adient plc (NYSE:ADNT) by 12.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,745 shares of the company’s stock after selling 3,907 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Adient were worth $626,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CWM LLC increased its holdings in shares of Adient by 44.5% during the second quarter. CWM LLC now owns 1,439 shares of the company’s stock worth $36,000 after buying an additional 443 shares in the last quarter. SummerHaven Investment Management LLC raised its position in Adient by 3.2% in the second quarter. SummerHaven Investment Management LLC now owns 18,167 shares of the company’s stock valued at $449,000 after purchasing an additional 556 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Adient by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 923,881 shares of the company’s stock valued at $22,829,000 after purchasing an additional 5,426 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Adient by 16.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,532 shares of the company’s stock worth $507,000 after purchasing an additional 2,853 shares during the last quarter. Finally, AM Squared Ltd acquired a new position in shares of Adient in the second quarter valued at approximately $339,000. Institutional investors own 92.44% of the company’s stock.

Adient Stock Down 1.9 %

Shares of Adient stock opened at $17.27 on Thursday. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 75.09, a PEG ratio of 0.32 and a beta of 2.15. The stock’s 50-day moving average is $20.22 and its 200 day moving average is $22.39. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.90. Adient plc has a one year low of $17.12 and a one year high of $37.19.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.56 by $0.12. Adient had a net margin of 0.12% and a return on equity of 6.86%. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the firm posted $0.51 EPS. The company’s quarterly revenue was down 3.7% on a year-over-year basis. Equities research analysts anticipate that Adient plc will post 2.04 EPS for the current year.

Insiders Place Their Bets

In other Adient news, EVP James Conklin sold 11,500 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total value of $232,875.00. Following the transaction, the executive vice president now owns 51,829 shares in the company, valued at approximately $1,049,537.25. This represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ADNT shares. Bank of America downgraded shares of Adient from a “buy” rating to a “neutral” rating and cut their target price for the stock from $30.00 to $24.00 in a research report on Thursday, November 21st. Wells Fargo & Company lowered shares of Adient from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $27.00 to $20.00 in a report on Monday. Morgan Stanley decreased their price objective on Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. StockNews.com raised Adient from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Wolfe Research assumed coverage on Adient in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Adient currently has a consensus rating of “Hold” and an average target price of $23.50.

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.