Adient PLC (ADNT) Director Raymond L. Conner Purchases 3,000 Shares
Adient PLC (NASDAQ:ADNT) Director Raymond L. Conner purchased 3,000 shares of the stock in a transaction on Wednesday, September 13th. The shares were bought at an average price of $73.91 per share, for a total transaction of $221,730.00. Following the acquisition, the director now owns 5,270 shares of the company’s stock, valued at $389,505.70. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Adient PLC (ADNT) traded up 5.05% on Friday, hitting $80.26. The company had a trading volume of 2,219,578 shares. The firm’s market capitalization is $7.47 billion. Adient PLC has a 12-month low of $39.66 and a 12-month high of $80.29. The firm has a 50-day moving average price of $75.90 and a 200-day moving average price of $72.16.
Adient PLC (NASDAQ:ADNT) last announced its quarterly earnings data on Thursday, July 27th. The company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.02. Adient PLC had a return on equity of 21.65% and a net margin of 5.63%. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the company earned $2.43 EPS. Adient PLC’s revenue for the quarter was down 7.9% on a year-over-year basis. On average, equities research analysts anticipate that Adient PLC will post $9.36 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, October 18th will be given a dividend of $0.275 per share. The ex-dividend date is Tuesday, October 17th. This represents a $1.10 annualized dividend and a dividend yield of 1.37%.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Adient PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $85.00 price objective on shares of Adient PLC in a research note on Wednesday, June 28th. Guggenheim assumed coverage on shares of Adient PLC in a research note on Wednesday, June 21st. They issued a “neutral” rating and a $65.00 price objective on the stock. Morgan Stanley lowered their price objective on shares of Adient PLC from $95.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, June 9th. Finally, Bank of America Corporation reiterated an “underperform” rating and set a $40.00 price target (down previously from $50.00) on shares of Adient PLC in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $62.87.
About Adient PLC
Adient plc, formerly Adient Limited, is an automotive seating supplier. The Company designs, manufactures and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles. The Company operates through two segments: Seating and Interiors.
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