Thrivent Financial for Lutherans Has $876,000 Stake in Adient plc (NYSE:ADNT)

Thrivent Financial for Lutherans trimmed its stake in shares of Adient plc (NYSE:ADNT – Get Rating) by 19.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,255 shares of the company’s stock after selling 5,942 shares during the period. Thrivent Financial for Lutherans’ holdings in Adient were worth $876,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FourThought Financial LLC raised its holdings in shares of Adient by 19.0% during the third quarter. FourThought Financial LLC now owns 1,838 shares of the company’s stock worth $51,000 after acquiring an additional 293 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in Adient in the 4th quarter valued at approximately $115,000. US Bancorp DE raised its position in Adient by 16.7% in the 3rd quarter. US Bancorp DE now owns 4,225 shares of the company’s stock valued at $117,000 after buying an additional 604 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Adient in the 1st quarter valued at approximately $214,000. Finally, Profund Advisors LLC acquired a new stake in Adient in the 4th quarter valued at approximately $202,000. 93.20% of the stock is currently owned by institutional investors and hedge funds.

Adient Price Performance

Shares of NYSE ADNT opened at $35.73 on Wednesday. Adient plc has a twelve month low of $27.15 and a twelve month high of $47.50. The company has a market cap of $3.38 billion, a PE ratio of 297.75 and a beta of 2.75. The business’s 50 day moving average price is $37.51 and its two-hundred day moving average price is $39.09. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 1.00.

Adient (NYSE:ADNT – Get Rating) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.09). Adient had a net margin of 0.08% and a return on equity of 4.99%. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the firm earned ($0.13) earnings per share. Adient’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, analysts predict that Adient plc will post 1.54 EPS for the current year.

Wall Street Analyst Weigh In

ADNT has been the topic of several analyst reports. Morgan Stanley boosted their price target on shares of Adient from $29.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, February 9th. StockNews.com upgraded Adient from a “hold” rating to a “buy” rating in a research note on Wednesday, May 17th. Wells Fargo & Company cut their price objective on Adient from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 10th. Benchmark boosted their target price on shares of Adient from $48.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Finally, Wolfe Research downgraded shares of Adient from an “outperform” rating to a “peer perform” rating in a report on Thursday, February 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $46.43.

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.