David Herberg Sells 699 Shares of Adient (NYSE:ADNT) Stock

Adient (NYSE:ADNT) EVP David Herberg sold 699 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $22.58, for a total value of $15,783.42. Following the completion of the transaction, the executive vice president owned 40,122 shares in the company, valued at $905,954.76. This represents a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Adient Trading Down 3.6%

NYSE:ADNT opened at $22.01 on Friday. The stock’s 50 day moving average price is $21.42 and its 200 day moving average price is $21.30. Adient has a 52 week low of $15.86 and a 52 week high of $27.32. The company has a market capitalization of $1.73 billion, a P/E ratio of 30.99, a P/E/G ratio of 0.43 and a beta of 1.50. 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 announced its earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.62 billion. Adient had a return on equity of 7.28% and a net margin of 0.39%.The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 earnings per share. On average, research analysts forecast that Adient will post 2.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Adient

Several hedge funds have recently modified their holdings of ADNT. Royal Bank of Canada boosted its position in shares of Adient by 11.6% in the first quarter. Royal Bank of Canada now owns 22,429 shares of the company’s stock valued at $289,000 after acquiring an additional 2,331 shares during the period. AQR Capital Management LLC boosted its position in shares of Adient by 171.1% in the first quarter. AQR Capital Management LLC now owns 238,913 shares of the company’s stock valued at $2,977,000 after acquiring an additional 150,792 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Adient in the first quarter valued at approximately $236,000. First Trust Advisors LP boosted its position in shares of Adient by 6.8% in the second quarter. First Trust Advisors LP now owns 273,823 shares of the company’s stock valued at $5,329,000 after acquiring an additional 17,400 shares during the period. Finally, Amundi bought a new stake in shares of Adient in the second quarter valued at approximately $269,000. 92.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ADNT. Wells Fargo & Company decreased their target price on Adient from $29.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Barclays upped their target price on Adient from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. UBS Group upped their target price on Adient from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings raised Adient from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, Citigroup raised Adient from a “neutral” rating to a “buy” rating and upped their target price for the stock from $30.00 to $33.00 in a research report on Wednesday, April 15th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $28.00.

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.