Adient plc (NYSE:ADNT) EVP James Conklin Sells 11,500 Shares

Adient plc (NYSE:ADNT) EVP James Conklin sold 11,500 shares of Adient stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total transaction of $232,875.00. Following the transaction, the executive vice president now directly owns 51,829 shares of the company’s stock, valued at $1,049,537.25. The trade was a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Adient Price Performance

Shares of ADNT stock opened at $19.28 on Friday. Adient plc has a twelve month low of $18.53 and a twelve month high of $37.19. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98. The stock has a fifty day simple moving average of $20.67 and a two-hundred day simple moving average of $22.89. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 83.83, a P/E/G ratio of 0.33 and a beta of 2.15.

Adient (NYSE:ADNT) last released its quarterly earnings data on Friday, November 8th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The company had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.47 billion. Adient had a net margin of 0.12% and a return on equity of 6.86%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. On average, analysts predict that Adient plc will post 2.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Adient

Hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC lifted its holdings in Adient by 44.5% during the second quarter. CWM LLC now owns 1,439 shares of the company’s stock worth $36,000 after buying an additional 443 shares during the period. US Bancorp DE raised its position in shares of Adient by 583.8% in the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $42,000 after acquiring an additional 1,588 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Adient by 493.8% during the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock worth $49,000 after purchasing an additional 1,822 shares during the last quarter. KBC Group NV boosted its position in Adient by 51.8% during the third quarter. KBC Group NV now owns 3,328 shares of the company’s stock valued at $75,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Covestor Ltd grew its stake in Adient by 23.2% in the third quarter. Covestor Ltd now owns 5,482 shares of the company’s stock valued at $124,000 after purchasing an additional 1,032 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ADNT has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $24.00 price target on shares of Adient in a research note on Tuesday, September 10th. Morgan Stanley dropped their target price on Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. Wolfe Research started coverage on Adient in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. StockNews.com upgraded Adient from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company reduced their target price on Adient from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Adient currently has a consensus rating of “Hold” and a consensus target price of $24.38.

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.