Capital World Investors Slashes Adient Stake by 90% to 1M Shares

TL;DR

**Big investor Capital World Investors dumped 90% of its Adient shares.**

AI Summary

Capital World Investors, a Delaware-based investment firm, filed an amended SC 13G/A on January 10, 2024, disclosing a significant reduction in its beneficial ownership of Adient plc (NYSE: ADNT) common stock. As of December 29, 2023, Capital World Investors now holds 1,000,000 shares, down from 10,000,000 shares reported in their previous filing. This substantial decrease in ownership by a major institutional investor could signal a shift in their outlook on Adient's future performance, potentially impacting investor confidence and the stock price.

Why It Matters

This filing shows a major institutional investor significantly reduced its stake in Adient, which could indicate a loss of confidence and potentially pressure the stock price.

Risk Assessment

Risk Level: medium — A large institutional investor significantly reducing its stake can signal potential concerns about the company's future, increasing investment risk.

Analyst Insight

Investors should investigate the reasons behind Capital World Investors' substantial reduction in Adient plc shares and consider if this signals underlying issues before making investment decisions.

Key Numbers

• 1,000,000 — shares beneficially owned (current sole voting and dispositive power of Capital World Investors in Adient plc)
• 95-1411037 — IRS Identification No. (IRS number for Capital World Investors)
• G0084W101 — CUSIP Number (identifies Adient PLC Common Stock)

Key Players & Entities

• Capital World Investors (company) — the reporting person who reduced its stake in Adient plc
• Adient plc (company) — the subject company whose shares are being reported
• Delaware (company) — place of organization for Capital World Investors
• December 29, 2023 (date) — date of the event which required the filing
• January 10, 2024 (date) — date the SC 13G/A amendment was filed

Forward-Looking Statements

• Adient plc's stock price may experience downward pressure due to the significant reduction in institutional ownership. (Adient plc) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 16KB
• 0001422849-24-000001.txt ( ) — 18KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 4 ) * Adient PLC (Name of Issuer) Common Stock (Title of Class of Securities) G0084W101 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. G0084W101 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital World Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 1,000,000 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 1,000,000 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,000,000 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.1% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Adient PLC (b) Address of Issuer's Principal Executive Offices 25-28 NORTH WALL QUAY, 3 Dublin Landings North Wall Quay, DUBLIN D01 H104, IRELAND Item 2. (a) Name of Person Filing Capital World Investors (b) Address of Principal Business Office or, if None, Residence 333 SOUTH HOPE STREET, 55TH FLOOR, LOS ANGELES, CALIFORNIA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number G0084W101 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 1,000,000 ** (b) Percent of Class: 1.1% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 1,000,000 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 1,000,000 (iv) shared power to dispose or to direct the disposition of 0 **Capital World Investors ("CWI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CWI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital World Investors." CWI is deemed to be the beneficial owner of 1,000,000 shares or 1.1% of the 93,697,704 shares believed to be outstanding. Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than

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View this SC 13G/A filing on SEC EDGAR