Adient (NYSE:ADNT) Given Average Rating of “Hold” by Analysts

Adient (NYSE:ADNT) has received a consensus rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $24.1875.

ADNT has been the subject of a number of recent research reports. UBS Group set a $30.00 price target on shares of Adient and gave the company a “buy” rating in a research report on Wednesday, January 14th. JPMorgan Chase & Co. decreased their target price on shares of Adient from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Stifel Nicolaus lowered their target price on shares of Adient from $29.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Morgan Stanley upgraded Adient from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $17.00 to $20.00 in a research note on Monday, December 8th. Finally, Citigroup reduced their price objective on Adient from $25.00 to $22.50 and set a “neutral” rating for the company in a research report on Wednesday, November 12th.

Insider Buying and Selling at Adient

In other news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $19.71, for a total transaction of $49,275.00. Following the completion of the transaction, the executive vice president directly owned 116,425 shares in the company, valued at $2,294,736.75. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is owned by insiders.

Institutional Trading of Adient

Institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Adient by 439.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,171,695 shares of the company’s stock valued at $22,801,000 after buying an additional 954,441 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in Adient by 241.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 146,486 shares of the company’s stock worth $2,851,000 after acquiring an additional 103,603 shares during the last quarter. Strs Ohio bought a new position in Adient in the 1st quarter valued at approximately $585,000. Assenagon Asset Management S.A. lifted its position in Adient by 921.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 812,329 shares of the company’s stock valued at $19,561,000 after acquiring an additional 732,837 shares in the last quarter. Finally, CWM LLC boosted its stake in Adient by 1,105.4% during the 2nd quarter. CWM LLC now owns 41,296 shares of the company’s stock valued at $804,000 after purchasing an additional 37,870 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Adient Trading Down 2.2%

NYSE ADNT opened at $21.85 on Friday. The firm has a market capitalization of $1.73 billion, a PE ratio of -6.54, a P/E/G ratio of 0.74 and a beta of 1.61. The stock’s 50 day moving average is $19.74 and its 200 day moving average is $22.05. Adient has a twelve month low of $10.04 and a twelve month high of $26.16. The company has a quick ratio of 0.93, a current ratio of 1.12 and a debt-to-equity ratio of 1.16.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). Adient had a negative net margin of 1.93% and a positive return on equity of 7.81%. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same period in the prior year, the business posted $0.68 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Research analysts forecast that Adient will post 1.76 earnings per share for the current fiscal year.

About Adient

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.