Adient (NYSE:ADNT) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Adient (NYSE:ADNT) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

Several other brokerages also recently commented on ADNT. UBS Group lifted their target price on shares of Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Bank of America cut shares of Adient from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $30.00 to $24.00 in a research report on Thursday, November 21st. Morgan Stanley dropped their target price on shares of Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. Barclays cut their target price on Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company lowered Adient from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $27.00 to $20.00 in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $21.88.

Adient Stock Down 4.8 %

Shares of NYSE:ADNT opened at $15.97 on Tuesday. The stock has a market capitalization of $1.34 billion, a P/E ratio of 798.55, a price-to-earnings-growth ratio of 0.34 and a beta of 2.18. The stock’s 50-day moving average price is $17.18 and its 200-day moving average price is $19.61. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. Adient has a 12-month low of $15.71 and a 12-month high of $35.94.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same period in the prior year, the business earned $0.31 EPS. On average, equities analysts anticipate that Adient will post 1.76 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP James Conklin sold 11,500 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total value of $232,875.00. Following the completion of the transaction, the executive vice president now owns 51,829 shares of the company’s stock, valued at approximately $1,049,537.25. This represents a 18.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Adient

Hedge funds have recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC raised its holdings in Adient by 9.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock worth $117,298,000 after purchasing an additional 442,200 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of 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 buying an additional 5,130,969 shares during the period. Pzena Investment Management LLC increased its stake in shares of Adient by 28.5% in the 4th quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock worth $62,535,000 after acquiring an additional 803,961 shares in the last quarter. State Street Corp lifted its position in Adient by 4.8% during the 3rd quarter. State Street Corp now owns 3,443,471 shares of the company’s stock valued at $77,719,000 after acquiring an additional 158,017 shares during the period. Finally, Invesco Ltd. boosted its stake in Adient by 22.0% during the fourth quarter. Invesco Ltd. now owns 1,414,041 shares of the company’s stock worth $24,364,000 after acquiring an additional 254,951 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

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.