Adient PLC (ADNT) Plans $0.28 Quarterly Dividend
Adient PLC (NYSE:ADNT) declared a quarterly dividend on Tuesday, November 7th, Zacks reports. Shareholders of record on Thursday, January 18th will be given a dividend of 0.275 per share on Thursday, February 15th. This represents a $1.10 annualized dividend and a yield of 1.33%. The ex-dividend date is Wednesday, January 17th.
Adient has a dividend payout ratio of 10.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Adient to earn $11.43 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 9.6%.
Adient (NYSE:ADNT) opened at $82.69 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. Adient has a 1-year low of $59.10 and a 1-year high of $86.42. The stock has a market cap of $7,698.44, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 0.75 and a beta of -0.25.
Several equities research analysts have recently commented on the stock. Barclays lifted their price objective on shares of Adient to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 20th. Guggenheim reiterated a “hold” rating and set a $90.00 price objective on shares of Adient in a research note on Wednesday, January 10th. Robert W. Baird lowered their price objective on shares of Adient from $90.00 to $89.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Longbow Research assumed coverage on shares of Adient in a research note on Friday, January 5th. They set a “neutral” rating for the company. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $96.00 price objective on shares of Adient in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Adient has an average rating of “Hold” and an average price target of $83.22.
In related news, VP Cathleen A. Ebacher sold 2,584 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $79.13, for a total transaction of $204,471.92. Following the completion of the transaction, the vice president now directly owns 36,454 shares in the company, valued at $2,884,605.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman R Bruce Mcdonald sold 67,757 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $78.49, for a total transaction of $5,318,246.93. The disclosure for this sale can be found here. Insiders have sold 79,525 shares of company stock valued at $6,242,744 over the last 90 days. 0.14% of the stock is currently owned by insiders.
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Adient Company Profile
Adient plc, formerly Adient Limited, is an automotive seating supplier. The Company designs, manufactures and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles. The Company operates through two segments: Seating and Interiors.
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