Adient PLC (ADNT) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its holdings in shares of Adient PLC (NYSE:ADNT) by 9.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 514,425 shares of the company’s stock after selling 53,580 shares during the period. Russell Investments Group Ltd.’s holdings in Adient were worth $20,389,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. First Trust Advisors LP raised its position in Adient by 1.4% in the 3rd quarter. First Trust Advisors LP now owns 143,337 shares of the company’s stock valued at $5,635,000 after buying an additional 1,988 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Adient by 5.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 920,173 shares of the company’s stock valued at $36,172,000 after buying an additional 47,876 shares during the last quarter. Retirement Systems of Alabama acquired a new stake in Adient in the 3rd quarter valued at approximately $4,411,000. Texas Permanent School Fund acquired a new stake in Adient in the 3rd quarter valued at approximately $2,148,000. Finally, Seven Eight Capital LP acquired a new stake in Adient in the 3rd quarter valued at approximately $543,000. Institutional investors own 97.85% of the company’s stock.

NYSE:ADNT opened at $29.63 on Wednesday. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 3.17, a P/E/G ratio of 0.41 and a beta of 0.73. Adient PLC has a twelve month low of $28.24 and a twelve month high of $84.59. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.82.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 24th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Tuesday, October 23rd. Adient’s dividend payout ratio (DPR) is 11.76%.

ADNT has been the topic of a number of recent research reports. TheStreet lowered Adient from a “c-” rating to a “d+” rating in a research report on Thursday, July 12th. Zacks Investment Research lowered Adient from a “hold” rating to a “strong sell” rating in a research report on Monday, July 16th. Longbow Research reissued a “buy” rating and issued a $58.00 target price on shares of Adient in a research report on Friday, July 27th. Robert W. Baird raised Adient from an “underperform” rating to a “neutral” rating and set a $73.00 price target on the stock in a research report on Friday, July 27th. Finally, Guggenheim set a $46.00 price target on Adient and gave the stock a “hold” rating in a research report on Friday, July 27th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $53.92.

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About Adient

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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