Brokerages Set Adient (NYSE:ADNT) PT at $27.44

Adient (NYSE:ADNT) has been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $27.4444.

Several brokerages have issued reports on ADNT. Wells Fargo & Company raised their price objective on Adient from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. UBS Group increased their price objective on Adient from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Weiss Ratings restated a “sell (d)” rating on shares of Adient in a research note on Wednesday, January 21st. Citigroup boosted their price objective on shares of Adient from $22.50 to $30.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Finally, Wall Street Zen raised shares of Adient from a “hold” rating to a “buy” rating in a report on Friday, January 23rd.

Adient Trading Up 3.2%

NYSE:ADNT opened at $27.11 on Thursday. The stock has a 50-day simple moving average of $21.36 and a 200-day simple moving average of $22.23. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.88 and a current ratio of 1.09. The stock has a market cap of $2.12 billion, a P/E ratio of -7.49, a P/E/G ratio of 0.71 and a beta of 1.61. Adient has a 1 year low of $10.04 and a 1 year high of $27.32.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.19 by $0.16. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.45 billion. Adient had a negative net margin of 2.06% and a positive return on equity of 8.18%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 earnings per share. As a group, analysts anticipate that Adient will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $19.71, for a total transaction of $49,275.00. Following the transaction, the executive vice president directly owned 116,425 shares of the company’s stock, valued at $2,294,736.75. This represents a 2.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On Adient

Several hedge funds have recently bought and sold shares of ADNT. Royal Bank of Canada increased its position in shares of Adient by 11.6% in the first quarter. Royal Bank of Canada now owns 22,429 shares of the company’s stock valued at $289,000 after buying an additional 2,331 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Adient by 171.1% during the first quarter. AQR Capital Management LLC now owns 238,913 shares of the company’s stock worth $2,977,000 after buying an additional 150,792 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Adient in the 1st quarter worth approximately $236,000. IFP Advisors Inc raised its holdings in Adient by 68.4% in the 2nd quarter. IFP Advisors Inc now owns 3,988 shares of the company’s stock valued at $78,000 after acquiring an additional 1,620 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Adient by 1,105.4% during the 2nd quarter. CWM LLC now owns 41,296 shares of the company’s stock worth $804,000 after purchasing an additional 37,870 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.