Investors Buy Large Volume of Adient Call Options (ADNT)

Adient PLC (NYSE:ADNT) saw some unusual options trading activity on Thursday. Stock traders acquired 9,815 call options on the stock. This represents an increase of approximately 2,081% compared to the typical volume of 450 call options.

NYSE ADNT opened at $13.95 on Friday. Adient has a 12-month low of $13.87 and a 12-month high of $67.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.00 and a quick ratio of 0.77. The firm has a market capitalization of $1.35 billion, a P/E ratio of 2.48, a price-to-earnings-growth ratio of 0.54 and a beta of 2.17.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Thursday, February 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.17). The firm had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.17 billion. Adient had a positive return on equity of 13.15% and a negative net margin of 8.54%. Adient’s revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.06 earnings per share. On average, sell-side analysts expect that Adient will post 2.32 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. boosted its holdings in Adient by 64.2% during the 4th quarter. American Century Companies Inc. now owns 80,030 shares of the company’s stock worth $1,205,000 after acquiring an additional 31,291 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Adient by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 876,771 shares of the company’s stock worth $13,203,000 after acquiring an additional 8,342 shares during the last quarter. Norges Bank purchased a new position in Adient during the 4th quarter worth $10,908,000. Dimensional Fund Advisors LP boosted its holdings in Adient by 28.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,152,486 shares of the company’s stock worth $32,419,000 after acquiring an additional 475,553 shares during the last quarter. Finally, FMR LLC boosted its holdings in Adient by 8.8% during the 4th quarter. FMR LLC now owns 827,069 shares of the company’s stock worth $12,455,000 after acquiring an additional 66,955 shares during the last quarter.

Several analysts recently issued reports on ADNT shares. KeyCorp started coverage on shares of Adient in a research report on Monday, December 10th. They issued an “underweight” rating and a $18.00 price target for the company. Goldman Sachs Group reissued a “hold” rating on shares of Adient in a research report on Wednesday, January 16th. Bank of America set a $22.00 price target on shares of Adient and gave the company a “hold” rating in a research report on Tuesday, January 22nd. Deutsche Bank started coverage on shares of Adient in a research report on Thursday, December 13th. They issued a “hold” rating for the company. Finally, Robert W. Baird downgraded shares of Adient from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $25.00 to $14.00 in a research report on Friday, January 4th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $31.00.

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About Adient

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.

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