Adient’s (ADNT) “Sell (D)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d) rating on shares of Adient (NYSE:ADNT) in a research note published on Wednesday,Weiss Ratings reports.

A number of other research firms also recently weighed in on ADNT. UBS Group upped their price target on Adient from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Monday. Zacks Research downgraded Adient from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Cfra Research raised Adient from a “moderate sell” rating to a “hold” rating in a research report on Thursday, August 7th. Wells Fargo & Company raised Adient from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $24.00 to $31.00 in a report on Thursday, September 25th. Finally, Stifel Nicolaus initiated coverage on Adient in a report on Thursday, August 21st. They issued a “buy” rating and a $27.00 price objective for the company. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $23.13.

Adient Trading Down 4.2%

NYSE:ADNT opened at $22.40 on Wednesday. The stock has a market capitalization of $1.82 billion, a PE ratio of -8.45, a price-to-earnings-growth ratio of 0.78 and a beta of 1.77. The business’s 50-day simple moving average is $24.08 and its 200-day simple moving average is $19.14. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.12 and a quick ratio of 0.92. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $26.16.

Adient (NYSE:ADNT) last released its quarterly earnings results on Wednesday, May 31st. The company reported ($0.13) earnings per share for the quarter. Adient had a positive return on equity of 8.25% and a negative net margin of 1.53%.The firm had revenue of $3.51 billion for the quarter. Sell-side analysts expect that Adient will post 1.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ADNT. HITE Hedge Asset Management LLC increased its position in Adient by 184.2% during the 1st quarter. HITE Hedge Asset Management LLC now owns 2,320,103 shares of the company’s stock worth $29,837,000 after buying an additional 1,503,817 shares during the period. Letko Brosseau & Associates Inc. bought a new position in Adient during the 2nd quarter worth $28,839,000. Arrowstreet Capital Limited Partnership increased its position in Adient by 439.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,171,695 shares of the company’s stock worth $22,801,000 after buying an additional 954,441 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in Adient by 22.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 4,500,736 shares of the company’s stock worth $57,879,000 after buying an additional 823,638 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Adient by 921.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 812,329 shares of the company’s stock worth $19,561,000 after buying an additional 732,837 shares during the period. Institutional investors own 92.44% of the company’s stock.

Adient Company Profile

Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers.