Adient plc (NYSE:ADNT) Receives Average Recommendation of “Hold” from Brokerages

Shares of Adient plc (NYSE:ADNT) have earned an average rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $39.63.

ADNT has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on Adient from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Monday. Wells Fargo & Company decreased their price objective on shares of Adient from $38.00 to $33.00 and set an “overweight” rating on the stock in a report on Monday. Barclays cut their target price on shares of Adient from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday. Bank of America decreased their price target on shares of Adient from $50.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Adient from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd.

Adient Stock Down 1.4 %

Adient stock opened at $27.74 on Friday. The company has a fifty day simple moving average of $31.57 and a 200 day simple moving average of $33.19. The company has a current ratio of 1.13, a quick ratio of 0.91 and a debt-to-equity ratio of 1.00. Adient has a 1-year low of $26.97 and a 1-year high of $46.51. The company has a market cap of $2.53 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 0.29 and a beta of 2.39.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.15. Adient had a return on equity of 8.72% and a net margin of 1.04%. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the previous year, the firm earned $0.32 EPS. The business’s quarterly revenue was down 4.1% on a year-over-year basis. Research analysts anticipate that Adient will post 2.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Adient

In other Adient news, EVP Heather M. Tiltmann sold 10,000 shares of Adient stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $33.68, for a total value of $336,800.00. Following the completion of the sale, the executive vice president now directly owns 55,669 shares of the company’s stock, valued at $1,874,931.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Trading of Adient

Institutional investors have recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC raised its holdings in shares of Adient by 1.8% during the fourth quarter. SummerHaven Investment Management LLC now owns 17,327 shares of the company’s stock valued at $630,000 after acquiring an additional 310 shares in the last quarter. Verdence Capital Advisors LLC grew its position in Adient by 4.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,820 shares of the company’s stock valued at $287,000 after purchasing an additional 368 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Adient by 1.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,555 shares of the company’s stock worth $1,562,000 after buying an additional 571 shares during the last quarter. Watershed Asset Management L.L.C. increased its position in shares of Adient by 8.2% during the fourth quarter. Watershed Asset Management L.L.C. now owns 7,818 shares of the company’s stock valued at $284,000 after acquiring an additional 595 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Adient by 1.3% in the first quarter. Sei Investments Co. now owns 51,206 shares of the company’s stock worth $1,686,000 after purchasing an additional 643 shares during the last quarter. Hedge funds and other 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.