Adient (NYSE:ADNT) Shares Down 4.8%

Adient plc (NYSE:ADNT) traded down 4.8% on Friday . The stock traded as low as $28.05 and last traded at $28.76. 298,599 shares changed hands during trading, a decline of 71% from the average session volume of 1,021,317 shares. The stock had previously closed at $30.22.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Bank of America decreased their target price on Adient from $50.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Barclays reiterated an “equal weight” rating and set a $37.00 price objective (down from $41.00) on shares of Adient in a research note on Wednesday, April 10th. JPMorgan Chase & Co. reduced their target price on shares of Adient from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Finally, Wells Fargo & Company reduced their target price on Adient from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.43.

Adient Trading Down 9.3 %

The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.91 and a current ratio of 1.15. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 0.31 and a beta of 2.39. The business’s 50-day simple moving average is $31.82 and its 200-day simple moving average is $33.30.

Adient (NYSE:ADNT) last released its earnings results on Friday, May 3rd. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.15. Adient had a net margin of 1.39% and a return on equity of 7.90%. The firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the previous year, the business earned $0.32 EPS. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, research analysts expect that Adient plc will post 2.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Adient

In other news, EVP Heather M. Tiltmann sold 10,000 shares of Adient stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $33.68, for a total transaction of $336,800.00. Following the transaction, the executive vice president now directly owns 55,669 shares of the company’s stock, valued at $1,874,931.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Trading of Adient

A number of large investors have recently bought and sold shares of ADNT. Pzena Investment Management LLC increased its holdings in Adient by 8.9% during the 1st quarter. Pzena Investment Management LLC now owns 1,978,961 shares of the company’s stock worth $65,147,000 after purchasing an additional 161,579 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Adient during the first quarter worth $335,000. Capstone Investment Advisors LLC acquired a new stake in Adient in the first quarter valued at $406,000. BNP Paribas Financial Markets grew its position in shares of Adient by 69.2% in the 1st quarter. BNP Paribas Financial Markets now owns 132,765 shares of the company’s stock valued at $4,371,000 after acquiring an additional 54,311 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in shares of Adient by 171.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 22,228 shares of the company’s stock valued at $732,000 after acquiring an additional 14,033 shares during the period. 92.44% of the stock is owned by institutional investors.

About Adient

Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers.