Adient (NYSE:ADNT) Director Peter Carlin Sells 7,843 Shares of Stock

Adient (NYSE:ADNT) Director Peter Carlin sold 7,843 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $19.25, for a total transaction of $150,977.75. Following the sale, the director owned 38,835 shares of the company’s stock, valued at $747,573.75. This trade represents a 16.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Adient Stock Up 2.0%

ADNT opened at $19.97 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 33.28, a PEG ratio of 0.40 and a beta of 1.52. Adient has a twelve month low of $17.68 and a twelve month high of $27.32. The company’s 50-day moving average price is $19.65 and its two-hundred day moving average price is $20.99.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.08). The company had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.71 billion. Adient had a return on equity of 7.32% and a net margin of 0.32%.The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. As a group, equities analysts expect that Adient will post 2.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ADNT shares. Weiss Ratings lowered Adient from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Zacks Research downgraded Adient from a “hold” rating to a “strong sell” rating in a research note on Monday, August 17th. Citigroup decreased their price objective on Adient from $33.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Barclays lowered their price objective on Adient from $29.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, August 10th. Finally, Stifel Nicolaus dropped their price objective on shares of Adient from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adient currently has an average rating of “Hold” and an average price target of $26.60.

Institutional Investors Weigh In On Adient

Several institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in shares of Adient by 11.6% in the first quarter. Royal Bank of Canada now owns 22,429 shares of the company’s stock worth $289,000 after acquiring an additional 2,331 shares during the period. AQR Capital Management LLC grew its position in shares of Adient by 171.1% in the first quarter. AQR Capital Management LLC now owns 238,913 shares of the company’s stock valued at $2,977,000 after purchasing an additional 150,792 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Adient during the 1st quarter valued at $236,000. First Trust Advisors LP raised its stake in shares of Adient by 6.8% during the 2nd quarter. First Trust Advisors LP now owns 273,823 shares of the company’s stock valued at $5,329,000 after purchasing an additional 17,400 shares during the period. Finally, Amundi purchased a new stake in Adient during the 2nd quarter worth about $269,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Company Profile

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.