Thrivent Financial for Lutherans Decreases Stock Holdings in Adient $ADNT

Thrivent Financial for Lutherans lowered its holdings in Adient (NYSE:ADNT) by 27.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,910 shares of the company’s stock after selling 35,166 shares during the period. Thrivent Financial for Lutherans’ holdings in Adient were worth $2,261,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ADNT. Teacher Retirement System of Texas raised its stake in shares of Adient by 441.0% during the 3rd quarter. Teacher Retirement System of Texas now owns 69,085 shares of the company’s stock worth $1,664,000 after purchasing an additional 56,316 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Adient by 439.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,171,695 shares of the company’s stock worth $22,801,000 after buying an additional 954,441 shares during the last quarter. Texas Permanent School Fund Corp raised its position in Adient by 241.6% in the second quarter. Texas Permanent School Fund Corp now owns 146,486 shares of the company’s stock worth $2,851,000 after acquiring an additional 103,603 shares during the period. Assenagon Asset Management S.A. raised its position in Adient by 921.9% in the third quarter. Assenagon Asset Management S.A. now owns 812,329 shares of the company’s stock worth $19,561,000 after acquiring an additional 732,837 shares during the period. Finally, CWM LLC boosted its stake in Adient by 1,105.4% in the second quarter. CWM LLC now owns 41,296 shares of the company’s stock valued at $804,000 after acquiring an additional 37,870 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Adient from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Wall Street Zen raised Adient from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Stifel Nicolaus boosted their target price on Adient from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Wells Fargo & Company upped their price target on Adient from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Finally, Citigroup lifted their price objective on Adient from $22.50 to $30.00 and gave the stock a “neutral” rating in a report on Monday. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Adient presently has a consensus rating of “Hold” and a consensus price target of $27.44.

Insiders Place Their Bets

In other Adient news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of Adient stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $19.71, for a total transaction of $49,275.00. Following the completion of the transaction, the executive vice president owned 116,425 shares of the company’s stock, valued at $2,294,736.75. The trade was a 2.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.94% of the stock is owned by insiders.

Adient Trading Down 0.3%

Shares of ADNT stock opened at $25.94 on Wednesday. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of -7.17, a PEG ratio of 0.69 and a beta of 1.61. The company’s fifty day simple moving average is $20.73 and its two-hundred day simple moving average is $22.10. Adient has a 1 year low of $10.04 and a 1 year high of $26.75. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 0.88.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.16. Adient had a positive return on equity of 8.18% and a negative net margin of 2.06%.The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same period in the previous year, the business earned $0.27 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, analysts anticipate that Adient will post 1.76 earnings per share for the current year.

Adient Company Profile

Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient’s product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.