Investors Purchase High Volume of Adient Call Options (ADNT)
Adient PLC (NYSE:ADNT) saw unusually large options trading on Tuesday. Stock traders purchased 2,012 call options on the stock. This represents an increase of approximately 764% compared to the average daily volume of 233 call options.
Shares of Adient (NYSE:ADNT) opened at $79.14 on Friday. Adient has a 52 week low of $51.74 and a 52 week high of $86.42. The firm has a market capitalization of $7,348.38 and a P/E ratio of 8.33. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.87 and a current ratio of 1.04.
Adient (NYSE:ADNT) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $2.34 EPS for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.13. Adient had a return on equity of 22.48% and a net margin of 5.47%. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter last year, the company earned $2.15 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. equities analysts forecast that Adient will post 10.02 earnings per share for the current year.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded Adient from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Morgan Stanley increased their target price on Adient from $85.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday. Barclays increased their target price on Adient to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. UBS decreased their target price on Adient from $98.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $96.00 target price on shares of Adient in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Adient has a consensus rating of “Buy” and an average target price of $80.44.
In other news, VP Cathleen A. Ebacher sold 9,184 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $78.40, for a total transaction of $720,025.60. Following the completion of the sale, the vice president now owns 38,187 shares in the company, valued at approximately $2,993,860.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Raymond L. Conner purchased 3,000 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were bought at an average price of $73.91 per share, with a total value of $221,730.00. Following the purchase, the director now owns 5,270 shares in the company, valued at approximately $389,505.70. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 79,525 shares of company stock valued at $6,242,744. 0.14% of the stock is currently owned by corporate insiders.
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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