Adient (NYSE:ADNT) Receives Consensus Rating of “Hold” from Brokerages

Shares of Adient (NYSE:ADNT) have been given a consensus recommendation of “Hold” by the eleven research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $23.0625.

A number of analysts have recently weighed in on ADNT shares. UBS Group lowered their target price on Adient from $28.00 to $22.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company lowered their price target on shares of Adient from $31.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Stifel Nicolaus dropped their price objective on shares of Adient from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. JPMorgan Chase & Co. reduced their price objective on Adient from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Adient in a research note on Wednesday, October 8th.

Adient Stock Performance

NYSE ADNT opened at $19.31 on Wednesday. Adient has a 1-year low of $10.04 and a 1-year high of $26.16. The company has a 50 day moving average of $20.57 and a 200-day moving average of $21.92. 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 firm has a market cap of $1.53 billion, a price-to-earnings ratio of -5.78, a PEG ratio of 0.64 and a beta of 1.63.

Adient (NYSE:ADNT) last announced its earnings results on Wednesday, May 31st. The company reported ($0.13) EPS for the quarter. The business had revenue of $3.51 billion during the quarter. Adient had a positive return on equity of 7.81% and a negative net margin of 1.93%. On average, equities analysts forecast that Adient will post 1.76 earnings per share for the current fiscal year.

Insider Transactions at Adient

In related 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 value of $49,275.00. Following the completion of the sale, the executive vice president directly owned 116,425 shares in the company, valued at $2,294,736.75. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Adient by 3.9% in the third quarter. Vanguard Group Inc. now owns 4,475,944 shares of the company’s stock worth $107,781,000 after acquiring an additional 166,319 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Adient by 8.5% in the third quarter. Dimensional Fund Advisors LP now owns 4,215,764 shares of the company’s stock valued at $101,517,000 after buying an additional 328,555 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Adient by 7.0% in the second quarter. Pzena Investment Management LLC now owns 4,174,493 shares of the company’s stock valued at $81,236,000 after buying an additional 272,920 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Adient by 61.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,890,233 shares of the company’s stock valued at $45,517,000 after buying an additional 718,538 shares during the period. Finally, Letko Brosseau & Associates Inc. bought a new stake in shares of Adient during the second quarter worth $28,839,000. 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.