Harbor Capital Advisors Inc. Has $3.61 Million Stake in Adient plc (NYSE:ADNT)

Harbor Capital Advisors Inc. increased its stake in shares of Adient plc (NYSE:ADNT) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,674 shares of the company’s stock after buying an additional 3,816 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Adient were worth $3,613,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ADNT. Pacer Advisors Inc. grew its holdings in shares of Adient by 38,074.9% during the 3rd quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company’s stock worth $116,110,000 after purchasing an additional 5,130,969 shares in the last quarter. Pzena Investment Management LLC lifted its position in Adient by 45.0% during the third 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 period. D. E. Shaw & Co. Inc. grew its stake in Adient by 86.3% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,133,901 shares of the company’s stock worth $28,019,000 after buying an additional 525,280 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Adient by 9.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock valued at $117,298,000 after buying an additional 442,200 shares during the period. Finally, Empowered Funds LLC acquired a new position in shares of Adient in the 3rd quarter valued at approximately $6,653,000. Institutional investors own 92.44% of the company’s stock.

Adient Stock Performance

Adient stock opened at $16.66 on Friday. The business has a 50 day moving average of $18.79 and a 200-day moving average of $21.33. 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 1 year low of $16.28 and a 1 year high of $36.04. The company has a market capitalization of $1.41 billion, a P/E ratio of 72.43, a P/E/G ratio of 0.32 and a beta of 2.16.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. Adient’s revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts predict that Adient plc will post 2.04 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP James Conklin sold 11,500 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total transaction of $232,875.00. Following the completion of the sale, the executive vice president now directly owns 51,829 shares in the company, valued at $1,049,537.25. This represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ADNT. StockNews.com upgraded shares of Adient from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th. Wells Fargo & Company lowered Adient from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $27.00 to $20.00 in a research note on Monday, December 16th. Bank of America downgraded Adient from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $30.00 to $24.00 in a research report on Thursday, November 21st. Finally, Morgan Stanley decreased their target price on Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $23.50.

Adient 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.