Adient (NYSE:ADNT) Given Average Recommendation of “Hold” by Analysts

Shares of Adient (NYSE:ADNT) have been assigned a consensus rating of “Hold” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $24.5625.

ADNT has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Adient in a research note on Wednesday. Wells Fargo & Company boosted their target price on Adient from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. JPMorgan Chase & Co. dropped their target price on shares of Adient from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen raised Adient from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Barclays boosted their target price on shares of Adient from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday.

Adient Stock Down 1.2%

ADNT opened at $21.59 on Friday. Adient has a 12 month low of $10.04 and a 12 month high of $26.16. The company has a current ratio of 1.12, a quick ratio of 0.93 and a debt-to-equity ratio of 1.16. The business’s 50-day moving average price is $19.77 and its 200-day moving average price is $22.05. The company has a market cap of $1.69 billion, a P/E ratio of -6.47, a P/E/G ratio of 0.71 and a beta of 1.61.

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

Insider Activity at Adient

In other news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of Adient stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $19.71, for a total transaction of $49,275.00. Following the transaction, the executive vice president directly owned 116,425 shares of the company’s stock, valued at $2,294,736.75. The trade was a 2.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On Adient

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ADNT. Arrowstreet Capital Limited Partnership grew its stake in shares of Adient by 439.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,171,695 shares of the company’s stock worth $22,801,000 after buying an additional 954,441 shares in the last quarter. Texas Permanent School Fund Corp grew its position in Adient by 241.6% in the second quarter. Texas Permanent School Fund Corp now owns 146,486 shares of the company’s stock worth $2,851,000 after acquiring an additional 103,603 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Adient by 921.9% in the third quarter. Assenagon Asset Management S.A. now owns 812,329 shares of the company’s stock worth $19,561,000 after acquiring an additional 732,837 shares in the last quarter. Strs Ohio purchased a new stake in Adient during the first quarter valued at approximately $585,000. Finally, CWM LLC lifted its stake in shares of Adient by 1,105.4% in the 2nd quarter. CWM LLC now owns 41,296 shares of the company’s stock valued at $804,000 after purchasing an additional 37,870 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

About Adient

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.