Clifford Swan Investment Counsel LLC Has $613,000 Position in Adient (ADNT)
Clifford Swan Investment Counsel LLC trimmed its position in Adient (NYSE:ADNT) by 15.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,251 shares of the company’s stock after selling 1,898 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Adient were worth $613,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in ADNT. Elkfork Partners LLC purchased a new stake in Adient during the 4th quarter valued at approximately $195,000. Johnson Financial Group Inc. grew its holdings in Adient by 449.1% during the 1st quarter. Johnson Financial Group Inc. now owns 3,668 shares of the company’s stock valued at $219,000 after buying an additional 3,000 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in Adient during the 1st quarter valued at approximately $524,000. D.A. Davidson & CO. grew its holdings in Adient by 18.4% during the 1st quarter. D.A. Davidson & CO. now owns 8,802 shares of the company’s stock valued at $526,000 after buying an additional 1,370 shares in the last quarter. Finally, Greenwich Wealth Management LLC grew its holdings in Adient by 50.6% during the 1st quarter. Greenwich Wealth Management LLC now owns 8,891 shares of the company’s stock valued at $531,000 after buying an additional 2,989 shares in the last quarter. 93.02% of the stock is owned by institutional investors.
A number of brokerages have issued reports on ADNT. Royal Bank of Canada cut their price objective on shares of Adient to $70.00 and set a “sector perform” rating for the company in a report on Tuesday, January 30th. ValuEngine lowered shares of Adient from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Barclays reaffirmed a “hold” rating and set a $71.00 price objective on shares of Adient in a report on Sunday, January 21st. Susquehanna Bancshares set a $60.00 price objective on shares of Adient and gave the company a “hold” rating in a report on Wednesday, March 14th. Finally, Zacks Investment Research lowered shares of Adient from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $69.92.
NYSE ADNT opened at $57.20 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 0.80. The company has a market cap of $5.28 billion, a PE ratio of 7.28, a PEG ratio of 0.64 and a beta of -0.40. Adient has a one year low of $55.85 and a one year high of $56.30.
Adient (NYSE:ADNT) last posted its earnings results on Thursday, May 3rd. The company reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.04). The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.39 billion. Adient had a net margin of 0.98% and a return on equity of 16.65%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.50 earnings per share. sell-side analysts expect that Adient will post 7.41 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Wednesday, April 18th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, April 17th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.92%. Adient’s dividend payout ratio is currently 11.76%.
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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