Adient (ADNT) – What Are Researchers Thinking About This Stock?

Adient (NYSE:ADNT) has been assigned an average rating of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $24.90.

ADNT has been the topic of several research reports. JPMorgan Chase & Co. raised Adient from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $28.00 to $25.00 in a research report on Tuesday, September 15th. BNP Paribas Exane raised shares of Adient from a “neutral” rating to an “outperform” rating and set a $26.00 price target for the company in a research report on Thursday, July 30th. Wall Street Zen cut shares of Adient from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Morgan Stanley dropped their price objective on shares of Adient from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 18th. Finally, Zacks Research raised shares of Adient from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 16th.

Insiders Place Their Bets

In other Adient news, Director Peter Carlin sold 7,843 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $19.25, for a total value of $150,977.75. Following the transaction, the director directly owned 38,835 shares in the company, valued at approximately $747,573.75. This trade represents a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Adient

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in Adient by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,384,904 shares of the company’s stock valued at $88,614,000 after purchasing an additional 211,843 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Adient by 17.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,293,353 shares of the company’s stock valued at $46,349,000 after purchasing an additional 336,306 shares during the period. SG Americas Securities LLC grew its holdings in Adient by 117.8% during the first quarter. SG Americas Securities LLC now owns 913,585 shares of the company’s stock valued at $18,464,000 after purchasing an additional 494,054 shares during the period. Bank of America Corp DE increased its position in Adient by 61.7% in the first quarter. Bank of America Corp DE now owns 792,543 shares of the company’s stock worth $16,017,000 after buying an additional 302,538 shares in the last quarter. Finally, Empowered Funds LLC increased its position in Adient by 23.5% in the first quarter. Empowered Funds LLC now owns 554,572 shares of the company’s stock worth $11,208,000 after buying an additional 105,435 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Adient Stock Performance

ADNT stock opened at $16.72 on Tuesday. The company has a market cap of $1.29 billion, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 0.23 and a beta of 1.60. Adient has a 1 year low of $15.91 and a 1 year high of $27.32. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91. The stock’s fifty day moving average price is $18.19 and its 200-day moving average price is $20.65.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.08). The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.71 billion. Adient had a return on equity of 7.32% and a net margin of 0.32%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS. On average, equities analysts forecast that Adient will post 1.99 earnings per share for the current year.

About Adient

Adient plc (NYSE: ADNT) is a global automotive supplier specializing in the design, development and manufacture of vehicle seating systems. The company supplies complete seating assemblies as well as components such as seat structures, mechanisms, foam, fabrics, leather and other trim materials.

Adient works with automakers and other automotive customers to provide seating solutions for passenger cars, trucks, sport utility vehicles and commercial vehicles. Its offerings are designed to support vehicle comfort, safety, styling, weight reduction and manufacturing efficiency, with products developed for both traditional and electrified vehicles.

The company was formed in 2016 through the separation of Johnson Controls’ automotive seating business.