Adient (NYSE:ADNT) Downgraded to Hold Rating by StockNews.com

StockNews.com lowered shares of Adient (NYSE:ADNT) from a buy rating to a hold rating in a report issued on Wednesday morning.

ADNT has been the topic of several other reports. Barclays decreased their price target on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Morgan Stanley decreased their target price on Adient from $19.00 to $17.00 and set an “underweight” rating on the stock in a report on Monday. UBS Group boosted their price target on Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, Bank of America cut Adient from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $24.00 to $18.00 in a research report on Tuesday. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.88.

Adient Stock Up 6.1 %

Adient stock opened at $14.95 on Wednesday. The stock has a market cap of $1.25 billion, a PE ratio of 747.25, a price-to-earnings-growth ratio of 0.34 and a beta of 2.27. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08. The stock has a fifty day moving average of $17.02 and a 200 day moving average of $19.42. Adient has a one year low of $13.64 and a one year high of $35.94.

Adient (NYSE:ADNT) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same quarter in the previous year, the business posted $0.31 EPS. As a group, sell-side analysts predict that Adient will post 1.76 EPS for the current year.

Hedge Funds Weigh In On Adient

A number of hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. lifted its holdings in Adient by 38,074.9% in the 3rd quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company’s stock worth $116,110,000 after purchasing an additional 5,130,969 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Adient by 45.0% in the third quarter. Pzena Investment Management LLC now owns 2,825,491 shares of the company’s stock worth $63,771,000 after buying an additional 877,142 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Adient during the fourth quarter worth $11,395,000. Millennium Management LLC grew its stake in Adient by 2,039.0% during the fourth quarter. Millennium Management LLC now owns 610,312 shares of the company’s stock valued at $10,516,000 after acquiring an additional 581,779 shares in the last quarter. Finally, HITE Hedge Asset Management LLC increased its holdings in Adient by 122.4% in the 4th quarter. HITE Hedge Asset Management LLC now owns 816,286 shares of the company’s stock valued at $14,065,000 after acquiring an additional 449,272 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Adient Company Profile

Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers.