Adient (NYSE:ADNT) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Adient (NYSE:ADNT) from a neutral rating to an overweight rating in a research report report published on Tuesday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has $25.00 target price on the stock, down from their previous target price of $28.00.

Several other research firms have also recently issued reports on ADNT. Wall Street Zen cut Adient from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $28.00 price target on shares of Adient in a research report on Thursday, August 6th. Barclays dropped their price objective on Adient from $29.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, August 10th. Citigroup cut their price objective on Adient from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Finally, UBS Group reduced their target price on Adient from $34.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $26.30.

Adient Trading Up 1.6%

NYSE:ADNT opened at $18.51 on Tuesday. The company has a fifty day moving average of $19.65 and a 200 day moving average of $20.56. Adient has a 52 week low of $17.68 and a 52 week high of $27.32. 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 firm has a market capitalization of $1.43 billion, a P/E ratio of 30.86, a P/E/G ratio of 0.37 and a beta of 1.52.

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

Insider Buying and Selling

In other Adient news, Director Peter Carlin sold 7,843 shares of Adient 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 sale, the director directly owned 38,835 shares of the company’s stock, valued at approximately $747,573.75. The trade was a 16.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ADNT. Dimensional Fund Advisors LP increased its stake 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 worth $88,614,000 after acquiring an additional 211,843 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Adient by 17.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,293,353 shares of the company’s stock worth $46,349,000 after acquiring an additional 336,306 shares in the last quarter. Letko Brosseau & Associates Inc. boosted its stake in Adient by 5.3% during the fourth quarter. Letko Brosseau & Associates Inc. now owns 1,576,385 shares of the company’s stock worth $30,219,000 after acquiring an additional 79,549 shares in the last quarter. SG Americas Securities LLC grew its holdings in Adient by 117.8% in the first quarter. SG Americas Securities LLC now owns 913,585 shares of the company’s stock worth $18,464,000 after purchasing an additional 494,054 shares during the period. Finally, Bank of America Corp DE grew its holdings in Adient by 61.7% in the first quarter. Bank of America Corp DE now owns 792,543 shares of the company’s stock worth $16,017,000 after purchasing an additional 302,538 shares during the period. Institutional investors own 92.44% of the company’s stock.

Adient Company Profile

Adient plc (NYSE: ADNT) is a global automotive supplier that designs, engineers and manufactures automotive seating systems and related components. Its products include complete vehicle seats, seat structures, mechanisms, foam products, trim and other components used in passenger vehicles and commercial vehicles.

The company supplies automakers and supports vehicle programs across major automotive markets, including North America, Europe and Asia. Its operations include product development, engineering, manufacturing and assembly, enabling Adient to provide integrated seating solutions for a range of vehicle platforms and interior designs.

Adient became an independent public company in 2016 after being separated from Johnson Controls’ automotive seating business.