Analysts Set Adient (NYSE:ADNT) Price Target at $26.60

Shares of Adient (NYSE:ADNT) have been given an average rating of “Hold” by the twelve ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $26.60.

Several equities research analysts recently weighed in on ADNT shares. Weiss Ratings downgraded Adient from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 21st. Zacks Research downgraded shares of Adient from a “hold” rating to a “strong sell” rating in a research report on Monday, August 17th. Citigroup cut their price objective on shares of Adient from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Stifel Nicolaus reduced their target price on shares of Adient from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Finally, Barclays lowered their target price on shares of Adient from $29.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, August 10th.

Insider Buying and Selling

In other Adient news, Director Peter Carlin sold 7,843 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $19.25, for a total transaction of $150,977.75. Following the transaction, the director owned 38,835 shares in the company, valued at approximately $747,573.75. The trade was a 16.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.94% of the stock is currently owned by insiders.

Institutional Trading of Adient

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Adient by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 4,684,882 shares of the company’s stock valued at $89,809,000 after acquiring an additional 208,938 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Adient by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,384,904 shares of the company’s stock valued at $88,614,000 after purchasing an additional 211,843 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Adient by 17.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,293,353 shares of the company’s stock valued at $46,349,000 after purchasing an additional 336,306 shares in the last quarter. UBS Group AG lifted its stake in shares of Adient by 12.9% in the fourth quarter. UBS Group AG now owns 1,848,690 shares of the company’s stock valued at $35,439,000 after purchasing an additional 210,758 shares during the period. Finally, California State Teachers Retirement System lifted its stake in shares of Adient by 1,689.9% in the second quarter. California State Teachers Retirement System now owns 1,699,029 shares of the company’s stock valued at $31,228,000 after purchasing an additional 1,604,107 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Adient Stock Down 0.2%

ADNT opened at $19.97 on Monday. Adient has a 52 week low of $17.68 and a 52 week high of $27.32. The business has a 50 day moving average price of $19.65 and a two-hundred day moving average price of $20.95. 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 company has a market cap of $1.54 billion, a PE ratio of 33.28, a P/E/G ratio of 0.40 and a beta of 1.52.

Adient (NYSE:ADNT) last announced its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.08). Adient had a net margin of 0.32% and a return on equity of 7.32%. The company had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter last year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, research analysts anticipate that Adient will post 2.02 EPS for the current year.

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.