Adient PLC (NYSE:ADNT)’s stock price fell 5.4% on Wednesday . The company traded as low as $22.30 and last traded at $22.88, 1,474,699 shares traded hands during trading. A decline of 33% from the average session volume of 2,208,167 shares. The stock had previously closed at $24.18.

A number of research firms have weighed in on ADNT. Royal Bank of Canada upped their price target on Adient to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Barclays raised Adient from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $16.00 to $30.00 in a research report on Tuesday, April 16th. Morgan Stanley set a $12.00 price target on Adient and gave the stock a “sell” rating in a research report on Wednesday, June 26th. UBS Group set a $30.00 price target on Adient and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, ValuEngine upgraded Adient from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $22.47.

The company has a market cap of $2.26 billion, a P/E ratio of 4.07 and a beta of 3.19. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.88 and a current ratio of 1.07. The company has a 50 day moving average of $22.93.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. Adient had a positive return on equity of 8.35% and a negative net margin of 11.00%. The company had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the prior year, the business posted $1.45 EPS. The business’s revenue was down 6.1% compared to the same quarter last year. On average, equities research analysts predict that Adient PLC will post 1.34 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Adient by 26.7% during the 2nd quarter. BlackRock Inc. now owns 10,228,254 shares of the company’s stock worth $248,239,000 after purchasing an additional 2,153,155 shares in the last quarter. Lyrical Asset Management LP raised its stake in shares of Adient by 5.1% during the 2nd quarter. Lyrical Asset Management LP now owns 4,763,487 shares of the company’s stock worth $115,610,000 after purchasing an additional 231,369 shares in the last quarter. Letko Brosseau & Associates Inc. raised its stake in Adient by 45.5% in the 1st quarter. Letko Brosseau & Associates Inc. now owns 3,212,774 shares of the company’s stock valued at $41,638,000 after acquiring an additional 1,005,238 shares during the period. Vanguard Group Inc. raised its stake in Adient by 35.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,510,946 shares of the company’s stock valued at $60,942,000 after acquiring an additional 652,917 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Adient in the 2nd quarter valued at $55,463,000. Institutional investors own 97.75% of the company’s stock.

About Adient (NYSE:ADNT)

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.

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