Heather Tiltmann Sells 22,000 Shares of Adient (NYSE:ADNT) Stock

Adient (NYSE:ADNT) EVP Heather Tiltmann sold 22,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were 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 of the company’s stock, valued at $2,518,221.06. This represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Adient Price Performance

ADNT traded down $0.83 during midday trading on Friday, reaching $22.01. 771,867 shares of the company’s stock were exchanged, compared to its average volume of 1,027,206. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 0.44 and a beta of 1.50. Adient has a one year low of $15.86 and a one year high of $27.32. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18. The business has a 50-day simple moving average of $21.41 and a two-hundred day simple moving average of $21.29.

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

Institutional Trading of Adient

Several large investors have recently modified their holdings of the business. Hantz Financial Services Inc. grew its position in shares of Adient by 62.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock worth $27,000 after buying an additional 439 shares during the last quarter. Leonteq Securities AG purchased a new position in Adient during the 4th quarter valued at about $30,000. Quarry LP grew its stake in shares of Adient by 163.9% in the 3rd quarter. Quarry LP now owns 2,304 shares of the company’s stock worth $55,000 after buying an additional 1,431 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Adient during the second quarter valued at $63,000. Finally, Parallel Advisors LLC increased its stake in Adient by 19.4% during the 1st quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock valued at $64,000 after purchasing an additional 517 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ADNT has been the subject of several research reports. Wells Fargo & Company dropped their price objective on shares of Adient from $29.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Weiss Ratings raised shares of Adient from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. UBS Group increased their price objective on Adient from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $31.00 target price on shares of Adient in a research report on Thursday, May 7th. Finally, Bank of America started coverage on Adient in a report on Wednesday, March 4th. They set an “underperform” rating and a $22.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $28.00.

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.