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

Adient (NYSE:ADNT) has been given a consensus recommendation of “Hold” by the twelve brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $28.00.

A number of research firms have commented on ADNT. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $31.00 price objective on shares of Adient in a research note on Thursday, May 7th. Stifel Nicolaus set a $28.00 price objective on Adient in a research note on Thursday, May 7th. Wells Fargo & Company lowered 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. Citigroup upgraded Adient from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $33.00 in a research note on Wednesday, April 15th. Finally, UBS Group raised 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.

Adient Price Performance

Adient stock opened at $20.50 on Wednesday. The stock’s fifty day moving average price is $21.72 and its two-hundred day moving average price is $21.52. Adient has a one year low of $17.70 and a one year high of $27.32. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91. The firm has a market cap of $1.61 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 0.40 and a beta of 1.50.

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

Insider Activity

In other news, EVP Heather M. Tiltmann sold 22,000 shares of Adient stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $22.71, for a total value of $499,620.00. Following the transaction, the executive vice president owned 110,886 shares in the company, valued at approximately $2,518,221.06. This trade represents a 16.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On Adient

Several hedge funds and other institutional investors have recently modified their holdings of ADNT. UBS Group AG grew its position in Adient by 12.9% during the 4th quarter. UBS Group AG now owns 1,848,690 shares of the company’s stock worth $35,439,000 after acquiring an additional 210,758 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new stake in Adient during the 3rd quarter worth $2,173,000. Advisors Preferred LLC bought a new stake in Adient during the 3rd quarter worth $1,092,000. Vanguard Group Inc. grew its position in Adient by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,475,944 shares of the company’s stock worth $107,781,000 after acquiring an additional 166,319 shares during the last quarter. Finally, Towle & Co. grew its position in Adient by 37.8% during the 3rd quarter. Towle & Co. now owns 443,422 shares of the company’s stock worth $10,678,000 after acquiring an additional 121,655 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

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.