Heather Tiltmann Sells 22,000 Shares of Adient (NYSE:ADNT) Stock

Adient (NYSE:ADNT) EVP Heather Tiltmann sold 22,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $22.71, for a total transaction of $499,620.00. Following the completion of the sale, the executive vice president owned 110,886 shares of the company’s stock, valued at approximately $2,518,221.06. This trade represents a 16.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Adient Stock Down 3.6%

Shares of NYSE:ADNT opened at $22.01 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.91 and a current ratio of 1.10. The company has a market cap of $1.73 billion, a PE ratio of 30.99, a price-to-earnings-growth ratio of 0.43 and a beta of 1.50. Adient has a 52 week low of $15.86 and a 52 week high of $27.32. The firm has a 50 day simple moving average of $21.42 and a 200 day simple moving average of $21.30.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ADNT. Royal Bank of Canada increased its stake in shares of Adient by 11.6% during the 1st quarter. Royal Bank of Canada now owns 22,429 shares of the company’s stock worth $289,000 after purchasing an additional 2,331 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Adient by 171.1% during the 1st quarter. AQR Capital Management LLC now owns 238,913 shares of the company’s stock worth $2,977,000 after purchasing an additional 150,792 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Adient during the 1st quarter worth $236,000. First Trust Advisors LP increased its stake in shares of Adient by 6.8% during the 2nd quarter. First Trust Advisors LP now owns 273,823 shares of the company’s stock worth $5,329,000 after purchasing an additional 17,400 shares during the last quarter. Finally, Amundi acquired a new position in shares of Adient during the 2nd quarter worth $269,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $31.00 price target on shares of Adient in a research report on Thursday, May 7th. Bank of America assumed coverage on shares of Adient in a research note on Wednesday, March 4th. They issued an “underperform” rating and a $22.00 price objective on the stock. Stifel Nicolaus set a $28.00 price objective on shares of Adient in a research note on Thursday, May 7th. Barclays upped their price objective on shares of Adient from $26.00 to $29.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. dropped their target price on Adient from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.