Adient PLC (NASDAQ:ADNT) released its earnings results on Thursday. The company reported $2.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.13, Bloomberg Earnings reports. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.85 billion. Adient PLC had a net margin of 5.63% and a return on equity of 21.65%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.15 EPS.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, October 18th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of Infinity. The ex-dividend date of this dividend is Tuesday, October 17th.

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Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada dropped their target price on shares of Adient PLC from $96.00 to $89.00 and set an “outperform” rating for the company in a research report on Friday. Barclays PLC boosted their target price on shares of Adient PLC to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. UBS AG boosted their target price on shares of Adient PLC from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Robert W. Baird reissued a “buy” rating on shares of Adient PLC in a research report on Tuesday, October 17th. Finally, ValuEngine raised shares of Adient PLC from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $71.73.

In related news, insider Byron S. Foster sold 1,316 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $69.85, for a total transaction of $91,922.60. Following the completion of the sale, the insider now owns 67,845 shares in the company, valued at approximately $4,738,973.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raymond L. Conner bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were purchased at an average price of $73.91 per share, with a total value of $221,730.00. Following the transaction, the director now directly owns 5,270 shares in the company, valued at $389,505.70. The disclosure for this purchase can be found here.

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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