Dupont Capital Management Corp Sells 13,215 Shares of Adient PLC (ADNT)

Dupont Capital Management Corp lowered its holdings in Adient PLC (NYSE:ADNT) by 57.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,687 shares of the company’s stock after selling 13,215 shares during the quarter. Dupont Capital Management Corp’s holdings in Adient were worth $126,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Parametrica Management Ltd bought a new stake in shares of Adient in the 4th quarter valued at about $328,000. Vanguard Group Inc. raised its holdings in shares of Adient by 7.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,688,703 shares of the company’s stock valued at $66,383,000 after purchasing an additional 110,884 shares in the last quarter. Hutchinson Capital Management CA raised its holdings in shares of Adient by 172.5% in the 4th quarter. Hutchinson Capital Management CA now owns 518,233 shares of the company’s stock valued at $7,804,000 after purchasing an additional 328,063 shares in the last quarter. Norges Bank bought a new stake in shares of Adient in the 4th quarter valued at about $10,908,000. Finally, KBC Group NV raised its holdings in shares of Adient by 53.4% in the 4th quarter. KBC Group NV now owns 16,887 shares of the company’s stock valued at $254,000 after purchasing an additional 5,877 shares in the last quarter.

NYSE ADNT opened at $20.68 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.98 and a quick ratio of 0.77. The company has a market cap of $1.92 billion, a P/E ratio of 3.68 and a beta of 2.76. Adient PLC has a 52 week low of $12.15 and a 52 week high of $58.17.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.08). The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.21 billion. Adient had a positive return on equity of 10.34% and a negative net margin of 8.62%. The company’s revenue was down 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.85 EPS. Research analysts forecast that Adient PLC will post 1.77 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on ADNT shares. Bank of America upgraded shares of Adient from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a report on Friday, April 12th. Wells Fargo & Co restated a “hold” rating on shares of Adient in a report on Thursday, February 7th. ValuEngine lowered shares of Adient from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 5th. Buckingham Research lowered shares of Adient from a “neutral” rating to an “underperform” rating and boosted their price target for the company from $17.00 to $20.00 in a report on Monday, April 22nd. Finally, Goldman Sachs Group restated a “hold” rating on shares of Adient in a report on Wednesday, January 16th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $27.10.

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About Adient

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.

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Institutional Ownership by Quarter for Adient (NYSE:ADNT)

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