SCHEDULE 13G/A: Pacer US Small Cap Cash Cows ETF Discloses 1.34% Passive Stake in Adient PLC
Beneficial Ownership Disclosure
Pacer US Small Cap Cash Cows ETF, along with Pacer Advisors, Inc. and Joe M. Thomson, has disclosed a passive beneficial ownership of 1.34% in Adient PLC's common stock as of March 31, 2025.
Summary
- Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership of Adient PLC's common stock.
- As of March 31, 2025, the Reporting Persons collectively beneficially own 1,124,978 shares of Adient PLC common stock.
- This ownership represents 1.34% of Adient PLC's outstanding common stock, calculated based on 83,927,513 shares outstanding as of December 31, 2024.
- The filing indicates that the shares are held in the ordinary course of business and not for the purpose of changing or influencing the control of Adient PLC.
- Pacer US Small Cap Cash Cows ETF directly owns the shares, while Pacer Advisors, Inc. serves as its investment adviser with discretionary investment and voting authority. Joe M. Thomson is the majority stockholder of Pacer Advisors, Inc.
Sentiment
Score: 5
Explanation: This is a routine Schedule 13G filing disclosing passive beneficial ownership, which typically carries a neutral sentiment as it does not indicate specific positive or negative company performance or strategic changes.
Positives
- The disclosure indicates continued institutional interest in Adient PLC's common stock by Pacer US Small Cap Cash Cows ETF.
- The filing confirms the passive nature of the investment, suggesting no immediate intent to influence corporate control, which can provide stability.
Negatives
- No specific negatives related to Adient PLC's performance or operations are disclosed in this ownership filing.
Risks
- No risks related to Adient PLC's business or operations are disclosed in this Schedule 13G filing, as it is solely an ownership disclosure.
Future Outlook
This Schedule 13G filing is a disclosure of passive beneficial ownership and does not contain any forward-looking statements or guidance regarding Adient PLC's future performance or strategic outlook.
Management Comments
- The Reporting Persons certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer.
Industry Context
This filing represents a routine disclosure of a passive investment stake by an ETF in Adient PLC, a global leader in automotive seating. It does not provide specific insights into broader industry trends or competitive dynamics within the automotive supply sector, but rather reflects an investment decision by a fund focused on 'cash cow' companies.
Comparison to Industry Standards
- This document is a standard beneficial ownership disclosure (Schedule 13G) and does not contain financial or operational results that can be compared to industry benchmarks or specific comparable companies/projects. Its purpose is solely to report a passive investment stake.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| NA | NA | NA | NA | No changes in the management or board of directors of Adient PLC are reported in this filing. The filing identifies Joe M. Thomson as Chairman and President of Pacer Funds Trust and President of Pacer Advisors, Inc., the entities making the disclosure. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| NA | No changes to Adient PLC's bylaws, committees, policies, or procedures are disclosed in this Schedule 13G filing. | NA | NA |
Legal Proceedings
- No information regarding legal proceedings or regulatory matters concerning Adient PLC is disclosed in this Schedule 13G filing.
Related Party Transactions
- The document details a Joint Filing Agreement among the Reporting Persons (Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson) for the purpose of jointly filing this Schedule 13G. No related party transactions involving Adient PLC are disclosed.
Stakeholder Impact
- This filing primarily impacts shareholders by providing transparency regarding significant passive institutional ownership. It indicates that a specific ETF has chosen to invest in Adient PLC, potentially signaling a level of confidence in the company's financial characteristics that align with the ETF's investment strategy. There is no direct impact on employees, customers, suppliers, or creditors mentioned.
Next Steps
- The Reporting Persons will continue to file amendments to this Schedule 13G if there are material changes to their beneficial ownership of Adient PLC's common stock, as required by SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 2024-12-31 | Date as of which Adient PLC's outstanding common stock (83,927,513 shares) was reported for ownership percentage calculation. |
| 2025-03-31 | Date of the event which required the filing of this Schedule 13G Amendment, indicating the beneficial ownership stake. |
| 2025-05-02 | Filing date of this Schedule 13G Amendment and the date the Joint Filing Agreement was signed. |
Keywords
Adient PLC, Pacer US Small Cap Cash Cows ETF, Schedule 13G, Common Stock, Beneficial Ownership, Investment, SEC Filing, Passive Investment, Institutional Ownership
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