UBS Group Has Lowered Expectations for Adient (NYSE:ADNT) Stock Price

Adient (NYSE:ADNT) had its price target cut by stock analysts at UBS Group from $23.00 to $22.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group‘s price objective points to a potential upside of 34.74% from the company’s previous close.

ADNT has been the topic of several other reports. Weiss Ratings cut shares of Adient from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Barclays reduced their target price on shares of Adient from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, October 9th. Citigroup lowered their target price on shares of Adient from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Zacks Research upgraded shares of Adient from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $28.00 price target on shares of Adient in a report on Thursday, August 6th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $24.40.

Adient Stock Performance

ADNT stock traded down $0.74 during trading on Thursday, hitting $16.33. The company had a trading volume of 1,261,178 shares, compared to its average volume of 964,284. The firm has a market cap of $1.26 billion, a PE ratio of -68.03, a price-to-earnings-growth ratio of 0.24 and a beta of 1.64. Adient has a 1-year low of $15.80 and a 1-year high of $27.32. The firm has a 50-day moving average price of $17.76 and a 200-day moving average price of $20.45. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.12). Adient had a return on equity of 7.32% and a net margin of 0.32%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same period in the previous year, the business posted $0.52 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. On average, analysts expect that Adient will post 3.04 earnings per share for the current year.

Insider Transactions at Adient

In other Adient news, Director Peter Carlin sold 7,843 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $19.25, for a total value of $150,977.75. Following the completion of the transaction, the director owned 38,835 shares in the company, valued at approximately $747,573.75. This represents a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Adient

Several institutional investors have recently made changes to their positions in ADNT. Integrated Wealth Concepts LLC acquired a new stake in shares of Adient in the second quarter valued at about $27,000. Farther Finance Advisors LLC grew its position in Adient by 126.4% during the third quarter. Farther Finance Advisors LLC now owns 1,838 shares of the company’s stock worth $31,000 after buying an additional 1,026 shares during the period. Parallel Advisors LLC grew its position in Adient by 19.4% during the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock worth $64,000 after buying an additional 517 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Adient in the second quarter valued at about $94,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Adient by 10.3% during the first quarter. PNC Financial Services Group Inc. now owns 7,538 shares of the company’s stock worth $152,000 after purchasing an additional 705 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

About Adient

Adient plc (NYSE: ADNT) is a global automotive supplier specializing in the design, development and manufacture of vehicle seating systems. The company supplies complete seating assemblies as well as components such as seat structures, mechanisms, foam, fabrics, leather and other trim materials.

Adient works with automakers and other automotive customers to provide seating solutions for passenger cars, trucks, sport utility vehicles and commercial vehicles. Its offerings are designed to support vehicle comfort, safety, styling, weight reduction and manufacturing efficiency, with products developed for both traditional and electrified vehicles.

The company was formed in 2016 through the separation of Johnson Controls’ automotive seating business.