Adient plc (NYSE:ADNT) Receives Average Rating of “Hold” from Brokerages

Shares of Adient plc (NYSE:ADNT) have earned an average rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $39.25.

Several research analysts recently commented on the stock. Bank of America cut their price objective on shares of Adient from $50.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Wells Fargo & Company cut their price objective on shares of Adient from $38.00 to $33.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Adient from $32.00 to $30.00 and set a “hold” rating for the company in a report on Monday, May 6th. Barclays cut their price objective on shares of Adient from $37.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, May 7th. Finally, Morgan Stanley cut their price target on shares of Adient from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Friday, May 10th.

Adient Trading Up 0.6 %

Shares of ADNT stock opened at $25.44 on Friday. The company has a 50 day moving average of $28.11 and a 200-day moving average of $31.93. The company has a quick ratio of 0.91, a current ratio of 1.13 and a debt-to-equity ratio of 1.00. Adient has a 12-month low of $24.90 and a 12-month high of $46.51. The firm has a market cap of $2.29 billion, a P/E ratio of 15.61, a PEG ratio of 0.35 and a beta of 2.31.

Adient (NYSE:ADNT) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.39 by $0.15. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. Adient had a net margin of 1.04% and a return on equity of 8.72%. Adient’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS. Sell-side analysts anticipate that Adient will post 2.23 earnings per share for the current year.

Insider Buying and Selling at Adient

In other Adient news, Director Peter Carlin sold 4,207 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $28.90, for a total value of $121,582.30. Following the completion of the transaction, the director now directly owns 28,352 shares of the company’s stock, valued at approximately $819,372.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Trading of Adient

A number of hedge funds have recently made changes to their positions in ADNT. Norges Bank bought a new stake in shares of Adient during the 4th quarter worth $18,040,000. HITE Hedge Asset Management LLC raised its position in Adient by 158.4% in the 4th quarter. HITE Hedge Asset Management LLC now owns 555,590 shares of the company’s stock worth $20,201,000 after purchasing an additional 340,618 shares during the period. AQR Capital Management LLC raised its position in Adient by 407.3% in the 3rd quarter. AQR Capital Management LLC now owns 387,662 shares of the company’s stock worth $14,227,000 after purchasing an additional 311,245 shares during the period. Vanguard Group Inc. raised its position in Adient by 12.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,486,307 shares of the company’s stock worth $91,247,000 after purchasing an additional 271,786 shares during the period. Finally, Pzena Investment Management LLC raised its position in Adient by 17.5% in the 4th quarter. Pzena Investment Management LLC now owns 1,817,382 shares of the company’s stock worth $66,080,000 after purchasing an additional 270,455 shares during the period. 92.44% of the stock is owned by institutional investors.

About Adient

Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers.