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

Shares of Adient (NYSE:ADNT) have received a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $28.00.

Several equities analysts recently commented on ADNT shares. Wells Fargo & Company dropped their price objective on Adient from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Bank of America began coverage on Adient in a research note on Wednesday, March 4th. They issued an “underperform” rating and a $22.00 target price on the stock. UBS Group upped their price target on Adient from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Barclays increased their price target on Adient from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $31.00 price objective on shares of Adient in a research note on Thursday, May 7th.

Insider Buying and Selling

In other Adient news, EVP Heather M. Tiltmann sold 22,000 shares of Adient stock in a transaction dated 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 owned 110,886 shares of the company’s stock, valued at $2,518,221.06. The trade was a 16.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.94% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Adient

Large investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings in Adient by 19.4% in 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 during the period. Glenmede Trust Co. NA bought a new position in shares of Adient in the first quarter worth $274,000. Segall Bryant & Hamill LLC bought a new position in shares of Adient in the first quarter worth $1,404,000. Bank of America Corp DE raised its position in shares of Adient by 61.7% in the first quarter. Bank of America Corp DE now owns 792,543 shares of the company’s stock worth $16,017,000 after buying an additional 302,538 shares in the last quarter. Finally, Amundi boosted its stake in Adient by 21.7% during the first quarter. Amundi now owns 143,022 shares of the company’s stock valued at $2,890,000 after buying an additional 25,541 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Adient Trading Down 0.0%

Shares of Adient stock opened at $20.75 on Wednesday. The stock has a market capitalization of $1.63 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 0.40 and a beta of 1.50. Adient has a 52 week low of $17.70 and a 52 week high of $27.32. The stock has a 50 day moving average price of $21.71 and a two-hundred day moving average price of $21.50. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.91 and a current ratio of 1.10.

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