Adient PLC (ADNT) Holdings Boosted by Brown Advisory Inc.

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Brown Advisory Inc. boosted its position in Adient PLC (NYSE:ADNT) by 943.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,476 shares of the company’s stock after buying an additional 33,883 shares during the quarter. Brown Advisory Inc.’s holdings in Adient were worth $1,843,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ADNT. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Adient by 57.1% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,341,552 shares of the company’s stock valued at $558,251,000 after purchasing an additional 3,394,306 shares in the last quarter. BlackRock Inc. raised its stake in shares of Adient by 1.0% in the 2nd quarter. BlackRock Inc. now owns 4,186,894 shares of the company’s stock valued at $205,956,000 after purchasing an additional 42,091 shares in the last quarter. Iridian Asset Management LLC CT raised its stake in shares of Adient by 1.7% in the 1st quarter. Iridian Asset Management LLC CT now owns 3,268,834 shares of the company’s stock valued at $195,346,000 after purchasing an additional 55,653 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Adient by 9.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,962,321 shares of the company’s stock valued at $117,268,000 after purchasing an additional 172,385 shares in the last quarter. Finally, Greenhaven Associates Inc. raised its stake in shares of Adient by 1.0% in the 1st quarter. Greenhaven Associates Inc. now owns 1,901,848 shares of the company’s stock valued at $113,654,000 after purchasing an additional 19,033 shares in the last quarter.

ADNT has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Adient from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 15th. ValuEngine lowered shares of Adient from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. Longbow Research restated a “buy” rating and issued a $68.00 target price on shares of Adient in a research note on Monday, June 11th. Robert W. Baird lowered shares of Adient from a “neutral” rating to an “underperform” rating in a research note on Monday, June 11th. Finally, Wells Fargo & Co lowered shares of Adient from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 12th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $64.08.

ADNT opened at $40.64 on Friday. The stock has a market cap of $3.81 billion, a P/E ratio of 6.09, a price-to-earnings-growth ratio of 0.59 and a beta of -0.71. Adient PLC has a fifty-two week low of $40.09 and a fifty-two week high of $86.42. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.82.

Adient (NYSE:ADNT) last released its quarterly earnings data on Thursday, July 26th. The company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.11). The business had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.34 billion. Adient had a return on equity of 14.27% and a net margin of 0.08%. Adient’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.52 EPS. sell-side analysts predict that Adient PLC will post 5.79 earnings per share for the current fiscal year.

Adient Profile

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company operates through two segments, Seating and Interiors. The Seating segment produces automotive seat metal structures and mechanisms, foams, trims, fabrics, and seat systems.

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Institutional Ownership by Quarter for Adient (NYSE:ADNT)

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