Adient (NYSE:ADNT) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Adient (NYSE:ADNT – Get Rating) in a research note issued to investors on Thursday. The firm issued a hold rating on the stock.

Several other equities analysts also recently commented on ADNT. Benchmark boosted their price objective on Adient from $48.00 to $60.00 and gave the company a buy rating in a research report on Wednesday, February 8th. Wolfe Research downgraded Adient from an outperform rating to a peer perform rating in a research report on Thursday, February 9th. Morgan Stanley boosted their target price on Adient from $29.00 to $35.00 and gave the stock an underweight rating in a research report on Thursday, February 9th. Wells Fargo & Company boosted their target price on Adient from $46.00 to $50.00 and gave the stock an overweight rating in a research report on Wednesday, February 8th. Finally, Barclays began coverage on Adient in a research report on Tuesday, February 14th. They issued an overweight rating and a $57.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Adient presently has a consensus rating of Hold and a consensus target price of $46.11.

Adient Trading Down 4.9 %

ADNT opened at $37.71 on Thursday. The stock has a market cap of $3.60 billion, a PE ratio of -66.16 and a beta of 2.77. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 1.05. The business has a 50 day moving average of $42.80 and a 200-day moving average of $37.27. Adient has a 52 week low of $27.15 and a 52 week high of $47.50.

Adient (NYSE:ADNT – Get Rating) last released its quarterly earnings results on Tuesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). Adient had a negative net margin of 0.38% and a positive return on equity of 3.21%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the firm posted ($0.38) EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts predict that Adient will post 1.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Adient news, CEO Douglas G. Delgrosso sold 50,000 shares of the company’s stock in a transaction on Monday, January 9th. The stock was sold at an average price of $40.33, for a total transaction of $2,016,500.00. Following the completion of the sale, the chief executive officer now owns 617,757 shares in the company, valued at $24,914,139.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 50,300 shares of company stock valued at $2,030,108 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Adient

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC lifted its holdings in shares of Adient by 32.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,091 shares of the company’s stock valued at $38,000 after purchasing an additional 268 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Adient by 1.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 27,890 shares of the company’s stock valued at $968,000 after purchasing an additional 284 shares during the last quarter. FourThought Financial LLC lifted its holdings in shares of Adient by 19.0% during the 3rd quarter. FourThought Financial LLC now owns 1,838 shares of the company’s stock valued at $51,000 after purchasing an additional 293 shares during the last quarter. State of Michigan Retirement System lifted its holdings in shares of Adient by 1.3% during the 4th quarter. State of Michigan Retirement System now owns 24,156 shares of the company’s stock valued at $838,000 after purchasing an additional 300 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its holdings in shares of Adient by 1.0% during the 3rd quarter. First Republic Investment Management Inc. now owns 32,482 shares of the company’s stock valued at $901,000 after purchasing an additional 317 shares during the last quarter. Hedge funds and other institutional investors own 93.20% of the company’s stock.

About Adient

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Adient plc manufactures automotive seating systems. It operates through the following geographical segments: Americas, EMEA, and Asia. The company was founded in 1985 and is headquartered in Plymouth, MI.