Adient plc (NYSE:ADNT) Shares Sold by Comerica Bank

Comerica Bank trimmed its position in Adient plc (NYSE:ADNTGet Rating) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,530 shares of the company’s stock after selling 755 shares during the quarter. Comerica Bank’s holdings in Adient were worth $1,461,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Castleview Partners LLC purchased a new stake in shares of Adient in the 2nd quarter valued at approximately $85,000. US Bancorp DE increased its stake in Adient by 53.2% during the 2nd quarter. US Bancorp DE now owns 3,621 shares of the company’s stock worth $108,000 after buying an additional 1,257 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Adient by 16.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,787 shares of the company’s stock worth $188,000 after buying an additional 941 shares during the period. Walker Asset Management LLC purchased a new stake in Adient during the 2nd quarter worth approximately $208,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Adient during the 1st quarter worth approximately $214,000. 93.20% of the stock is currently owned by institutional investors and hedge funds.

Adient Stock Down 0.5 %

Shares of NYSE:ADNT opened at $42.19 on Monday. The stock has a market cap of $4.00 billion, a P/E ratio of -33.22 and a beta of 2.62. The firm has a fifty day moving average price of $37.54 and a 200 day moving average price of $34.48. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.19 and a quick ratio of 0.92. Adient plc has a 1-year low of $27.15 and a 1-year high of $50.22.

Adient (NYSE:ADNTGet Rating) last issued its quarterly earnings results on Friday, November 4th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Adient had a negative net margin of 0.85% and a positive return on equity of 0.43%. Sell-side analysts predict that Adient plc will post 2.45 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Adient from a “buy” rating to a “hold” rating in a research note on Friday. Bank of America raised shares of Adient from a “neutral” rating to a “buy” rating and increased their price objective for the company from $41.00 to $52.00 in a research report on Monday, January 9th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Adient to $40.00 in a research report on Thursday. Wells Fargo & Company increased their price objective on shares of Adient from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Monday, November 7th. Finally, Morgan Stanley upped their target price on shares of Adient from $27.00 to $29.00 and gave the company an “underweight” rating in a report on Monday, November 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Adient currently has an average rating of “Hold” and an average price target of $39.75.

Insider Transactions at Adient

In other news, CEO Douglas G. Delgrosso sold 50,000 shares of the firm’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $40.33, for a total value of $2,016,500.00. Following the completion of the sale, the chief executive officer now owns 617,757 shares in the company, valued at approximately $24,914,139.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Douglas G. Delgrosso sold 50,000 shares of the firm’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $40.33, for a total value of $2,016,500.00. Following the completion of the sale, the chief executive officer now owns 617,757 shares in the company, valued at approximately $24,914,139.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey Stafeil sold 29,210 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $37.81, for a total transaction of $1,104,430.10. Following the completion of the sale, the chief financial officer now owns 167,742 shares of the company’s stock, valued at approximately $6,342,325.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,762 shares of company stock worth $3,411,963. Company insiders own 0.36% of the company’s stock.

Adient Profile

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Adient plc manufactures automotive seating systems. It operates through the following geographical segments: Americas, EMEA, and Asia. The company was founded in 1985 and is headquartered in Plymouth, MI.

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Institutional Ownership by Quarter for Adient (NYSE:ADNT)

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