Insider Selling: Adient (NYSE:ADNT) EVP Sells $499,620.00 in Stock

Adient (NYSE:ADNT) EVP Heather Tiltmann sold 22,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $22.71, for a total value of $499,620.00. Following the completion of the sale, the executive vice president directly owned 110,886 shares in the company, valued at $2,518,221.06. This trade represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Adient Stock Down 0.3%

ADNT stock opened at $22.01 on Monday. Adient has a 1-year low of $15.86 and a 1-year high of $27.32. The business has a fifty day moving average price of $21.42 and a 200-day moving average price of $21.31. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91. The stock has a market capitalization of $1.73 billion, a P/E ratio of 30.99, a P/E/G ratio of 0.43 and a beta of 1.50.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.08. Adient had a return on equity of 7.28% and a net margin of 0.39%.The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter in the previous year, the business earned $0.69 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. Equities analysts forecast that Adient will post 2.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ADNT has been the subject of several recent analyst reports. Stifel Nicolaus set a $28.00 price target on Adient in a research note on Thursday, May 7th. UBS Group boosted their price target on Adient from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Barclays upped their price objective on Adient from $26.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $31.00 price objective on shares of Adient in a research report on Thursday, May 7th. Finally, Wells Fargo & Company reduced their price objective on Adient from $29.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $28.00.

Institutional Trading of Adient

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. increased its position in Adient by 62.6% in the third quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock worth $27,000 after buying an additional 439 shares in the last quarter. Leonteq Securities AG purchased a new stake in Adient in the fourth quarter worth about $30,000. Quarry LP increased its position in Adient by 163.9% in the third quarter. Quarry LP now owns 2,304 shares of the company’s stock worth $55,000 after buying an additional 1,431 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Adient in the second quarter worth about $63,000. Finally, Parallel Advisors LLC increased its position in Adient by 19.4% in the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock worth $64,000 after buying an additional 517 shares in the last quarter. Hedge funds and other 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.