Hotchkis & Wiley Capital Management LLC Has $162.50 Million Position in Adient plc (NYSE:ADNT)

Hotchkis & Wiley Capital Management LLC increased its position in Adient plc (NYSE:ADNTFree Report) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,469,049 shares of the company’s stock after buying an additional 229,963 shares during the quarter. Hotchkis & Wiley Capital Management LLC’s holdings in Adient were worth $162,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ADNT. Headlands Technologies LLC acquired a new stake in Adient during the 3rd quarter valued at approximately $46,000. Partnership Wealth Management LLC acquired a new stake in Adient during the 4th quarter valued at approximately $83,000. Dark Forest Capital Management LP acquired a new stake in Adient during the 3rd quarter valued at approximately $205,000. Handelsinvest Investeringsforvaltning acquired a new stake in Adient during the 4th quarter valued at approximately $207,000. Finally, Teza Capital Management LLC acquired a new stake in Adient during the 3rd quarter valued at approximately $223,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Buying and Selling

In related news, Director Peter Carlin sold 4,207 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $28.90, for a total value of $121,582.30. Following the sale, the director now directly owns 28,352 shares in the company, valued at approximately $819,372.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by insiders.

Adient Stock Down 3.2 %

ADNT traded down $0.90 during mid-day trading on Tuesday, reaching $26.95. 108,966 shares of the stock were exchanged, compared to its average volume of 1,035,362. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.91 and a current ratio of 1.13. The stock has a market capitalization of $2.42 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 0.38 and a beta of 2.31. The company has a 50 day moving average price of $29.03 and a two-hundred day moving average price of $32.34. Adient plc has a 1 year low of $26.78 and a 1 year high of $46.51.

Adient (NYSE:ADNTGet Free Report) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.15. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. Adient had a net margin of 1.04% and a return on equity of 8.72%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS. As a group, research analysts anticipate that Adient plc will post 2.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ADNT. Wells Fargo & Company cut their price target on Adient from $38.00 to $33.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. JPMorgan Chase & Co. cut their price target on Adient from $40.00 to $37.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Bank of America cut their price target on Adient from $50.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Barclays cut their price target on Adient from $37.00 to $34.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 7th. Finally, Morgan Stanley cut their price target on Adient from $35.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $39.25.

Check Out Our Latest Stock Analysis on Adient

Adient Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Adient (NYSE:ADNT)

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