Adient (NYSE:ADNT) Receives Average Recommendation of “Hold” from Analysts

Shares of Adient (NYSE:ADNT) have been given an average recommendation of “Hold” by the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $26.70.

A number of research firms have weighed in on ADNT. Wall Street Zen cut Adient from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Citigroup lowered their price objective on Adient from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $28.00 price objective on shares of Adient in a report on Thursday, August 6th. UBS Group decreased their target price on Adient from $34.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Adient in a report on Friday, August 7th.

Adient Trading Down 2.4%

NYSE ADNT opened at $18.68 on Thursday. Adient has a 52 week low of $17.68 and a 52 week high of $27.32. The firm has a 50 day moving average of $20.34 and a two-hundred day moving average of $21.49. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $1.44 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 0.38 and a beta of 1.52.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.08). The firm had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.71 billion. Adient had a net margin of 0.32% and a return on equity of 7.32%. Adient’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. As a group, research analysts expect that Adient will post 2.04 EPS for the current fiscal year.

Insider Buying and Selling at Adient

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

Institutional Investors Weigh In On Adient

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its stake in Adient by 19.4% in the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock valued at $64,000 after acquiring an additional 517 shares in the last quarter. Glenmede Trust Co. NA acquired a new stake in shares of Adient during the first quarter worth about $274,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Adient during the first quarter worth about $1,404,000. Bank of America Corp DE lifted its holdings in shares of Adient by 61.7% in the 1st quarter. Bank of America Corp DE now owns 792,543 shares of the company’s stock valued at $16,017,000 after purchasing an additional 302,538 shares during the last quarter. Finally, Amundi lifted its holdings in shares of Adient by 21.7% in the 1st quarter. Amundi now owns 143,022 shares of the company’s stock valued at $2,890,000 after purchasing an additional 25,541 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

About Adient

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.