Adient (NYSE:ADNT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Adient (NYSE:ADNT) from a hold rating to a buy rating in a research report released on Friday morning.

A number of other equities research analysts have also weighed in on the stock. Citigroup cut their target price on shares of Adient from $25.00 to $22.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Weiss Ratings restated a “sell (d)” rating on shares of Adient in a report on Wednesday. Stifel Nicolaus upped their target price on Adient from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company increased their target price on Adient from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Finally, UBS Group set a $30.00 target price on Adient and gave the company a “buy” rating in a research note on Wednesday, January 14th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $24.56.

Adient Price Performance

ADNT opened at $21.59 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.93 and a current ratio of 1.12. The stock has a market capitalization of $1.69 billion, a PE ratio of -6.47, a price-to-earnings-growth ratio of 0.53 and a beta of 1.61. The stock’s 50 day moving average price is $19.77 and its 200-day moving average price is $22.05. Adient has a 52-week low of $10.04 and a 52-week high of $26.16.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Adient had a positive return on equity of 7.81% and a negative net margin of 1.93%.The business’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 EPS. On average, equities research analysts predict that Adient will post 1.76 EPS for the current year.

Insider Buying and Selling at Adient

In other news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of Adient stock in a transaction that occurred on Wednesday, November 26th. The shares were 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 approximately $2,294,736.75. This trade represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.94% of the company’s stock.

Institutional Trading of Adient

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in Adient by 11.6% during the 1st quarter. Royal Bank of Canada now owns 22,429 shares of the company’s stock valued at $289,000 after buying an additional 2,331 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Adient by 171.1% in the first quarter. AQR Capital Management LLC now owns 238,913 shares of the company’s stock worth $2,977,000 after acquiring an additional 150,792 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Adient during the first quarter valued at $236,000. Parallel Advisors LLC raised its position in shares of Adient by 13,957.9% in the 2nd quarter. Parallel Advisors LLC now owns 2,671 shares of the company’s stock worth $52,000 after purchasing an additional 2,652 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Adient in the 2nd quarter worth about $661,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.