Adient (NYSE:ADNT) EVP David Herberg Sells 699 Shares

Adient (NYSE:ADNT) EVP David Herberg sold 699 shares of Adient stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $22.58, for a total transaction of $15,783.42. Following the completion of the transaction, the executive vice president owned 40,122 shares in the company, valued at approximately $905,954.76. This represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Adient Trading Down 3.6%

NYSE ADNT opened at $22.01 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.91 and a current ratio of 1.10. The firm has a market cap of $1.73 billion, a PE ratio of 30.99, a P/E/G ratio of 0.44 and a beta of 1.50. Adient has a one year low of $15.86 and a one year high of $27.32. The firm’s fifty day moving average is $21.42 and its two-hundred day moving average is $21.30.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. Adient had a net margin of 0.39% and a return on equity of 7.28%. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same period in the previous year, the business posted $0.69 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. Analysts expect that Adient will post 2.1 earnings per share for the current year.

Institutional Trading of Adient

Several institutional investors and hedge funds have recently modified their holdings of the business. Hantz Financial Services Inc. lifted its holdings in shares of Adient by 62.6% in the third quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock valued at $27,000 after purchasing an additional 439 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Adient by 19.4% in the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock valued at $64,000 after purchasing an additional 517 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Adient by 10.3% in the first quarter. PNC Financial Services Group Inc. now owns 7,538 shares of the company’s stock valued at $152,000 after purchasing an additional 705 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Adient by 17.2% in the fourth quarter. GAMMA Investing LLC now owns 5,199 shares of the company’s stock valued at $100,000 after purchasing an additional 764 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Adient by 9.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 10,162 shares of the company’s stock valued at $193,000 after purchasing an additional 866 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ADNT shares. Wells Fargo & Company dropped their price target on shares of Adient from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. UBS Group boosted their price target on shares of Adient from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $31.00 price target on shares of Adient in a research note on Thursday, May 7th. Citigroup upgraded shares of Adient from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $33.00 in a research note on Wednesday, April 15th. Finally, Stifel Nicolaus set a $28.00 price target on shares of Adient in a research note on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $28.00.

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.