Adient (NYSE:ADNT) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Adient (NYSE:ADNT) from a buy rating to a hold rating in a research report released on Saturday.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered their price target on shares of Adient from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Stifel Nicolaus lowered 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. Wells Fargo & Company upped their price target on shares of Adient from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Barclays increased their price target on Adient from $26.00 to $29.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Finally, Citigroup raised Adient from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $30.00 to $33.00 in a research note on Wednesday, April 15th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Adient currently has an average rating of “Hold” and a consensus price target of $27.30.

Adient Stock Up 3.4%

Shares of NYSE:ADNT opened at $19.50 on Friday. The firm has a market cap of $1.53 billion, a P/E ratio of 32.49, a P/E/G ratio of 0.38 and a beta of 1.52. Adient has a 12-month low of $17.68 and a 12-month high of $27.32. The business has a fifty day simple moving average of $20.57 and a 200 day simple moving average of $21.55. 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 issued its quarterly 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 analyst estimates of $3.71 billion. During the same period in the previous year, the company posted $0.45 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Analysts predict that Adient will post 2.08 earnings per share for the current year.

Insider Transactions at Adient

In related news, EVP Heather M. Tiltmann sold 22,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $22.71, for a total value of $499,620.00. Following the completion of the sale, the executive vice president directly owned 110,886 shares of the company’s stock, valued at approximately $2,518,221.06. This represents a 16.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.94% of the company’s stock.

Institutional Trading of Adient

Several institutional investors and hedge funds have recently made changes to their positions in ADNT. Leonteq Securities AG purchased a new position in Adient during the fourth quarter worth about $30,000. Quarry LP increased its stake in Adient by 163.9% in the 3rd quarter. Quarry LP now owns 2,304 shares of the company’s stock valued at $55,000 after buying an additional 1,431 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Adient in the 2nd quarter valued at about $63,000. Parallel Advisors LLC lifted its position in shares of Adient by 19.4% during the 1st quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock worth $64,000 after buying an additional 517 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Adient during the 4th quarter worth approximately $64,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Company Profile

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.