Adient (NYSE:ADNT) Given Average Recommendation of “Hold” by Brokerages

Shares of Adient (NYSE:ADNT) have been given an average rating of “Hold” by the twelve ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $28.3333.

ADNT has been the subject of several research analyst reports. Barclays raised their target price on Adient from $26.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Wells Fargo & Company boosted their price target on shares of Adient from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. UBS Group raised their price objective on shares of Adient from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Stifel Nicolaus set a $28.00 price objective on shares of Adient in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Adient from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, July 6th.

Insiders Place Their Bets

In other Adient news, EVP Heather M. Tiltmann sold 22,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $22.71, for a total transaction of $499,620.00. Following the completion of the transaction, the executive vice president directly owned 110,886 shares of the company’s stock, valued at approximately $2,518,221.06. This represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Adient by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 4,684,882 shares of the company’s stock worth $89,809,000 after acquiring an additional 208,938 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Adient by 5.1% in 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 during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Adient by 17.2% in 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. UBS Group AG lifted its stake in shares of Adient by 12.9% during the 4th quarter. UBS Group AG now owns 1,848,690 shares of the company’s stock valued at $35,439,000 after buying an additional 210,758 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Adient by 38.6% during the 4th quarter. Invesco Ltd. now owns 1,599,937 shares of the company’s stock valued at $30,671,000 after buying an additional 445,343 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Price Performance

Adient stock opened at $20.61 on Friday. Adient has a 52 week low of $17.68 and a 52 week high of $27.32. The company’s 50 day moving average price is $21.01 and its two-hundred day moving average price is $21.55. The stock has a market cap of $1.62 billion, a P/E ratio of 29.02, a P/E/G ratio of 0.37 and a beta of 1.53. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18.

Adient (NYSE:ADNT) last released its earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.08. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.62 billion. Adient had a return on equity of 7.28% and a net margin of 0.39%.Adient’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. On average, equities analysts predict that Adient will post 2.11 earnings per share for the current year.

About Adient

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.