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

Shares of Adient plc (NYSE:ADNT) have been given a consensus recommendation of “Hold” by the nine brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $24.38.

Several research firms have weighed in on ADNT. Wells Fargo & Company dropped their target price on shares of Adient from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Wolfe Research assumed coverage on Adient in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Bank of America cut Adient from a “buy” rating to a “neutral” rating and lowered their target price for the company from $30.00 to $24.00 in a report on Thursday, November 21st. Morgan Stanley cut their price target on Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. Finally, StockNews.com raised Adient from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

Insider Buying and Selling at Adient

In related news, EVP James Conklin sold 11,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total value of $232,875.00. Following the sale, the executive vice president now directly owns 51,829 shares of the company’s stock, valued at approximately $1,049,537.25. This trade represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Adient

A number of hedge funds have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Adient by 9.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock worth $117,298,000 after buying an additional 442,200 shares during the last quarter. Pacer Advisors Inc. grew its position in Adient by 38,074.9% during the third quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company’s stock valued at $116,110,000 after acquiring an additional 5,130,969 shares during the period. Dimensional Fund Advisors LP increased its stake in Adient by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 5,078,070 shares of the company’s stock worth $125,480,000 after acquiring an additional 61,342 shares during the last quarter. State Street Corp raised its holdings in shares of Adient by 4.8% in the 3rd quarter. State Street Corp now owns 3,443,471 shares of the company’s stock worth $77,719,000 after purchasing an additional 158,017 shares during the period. Finally, Pzena Investment Management LLC lifted its stake in shares of Adient by 45.0% in the 3rd quarter. Pzena Investment Management LLC now owns 2,825,491 shares of the company’s stock valued at $63,771,000 after purchasing an additional 877,142 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Price Performance

Shares of NYSE:ADNT opened at $18.96 on Friday. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 82.43, a price-to-earnings-growth ratio of 0.32 and a beta of 2.15. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.90. The business’s 50 day simple moving average is $20.39 and its 200-day simple moving average is $22.60. Adient has a 12 month low of $18.53 and a 12 month high of $37.19.

Adient (NYSE:ADNT) last posted its earnings results on Friday, November 8th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. Adient had a return on equity of 6.86% and a net margin of 0.12%. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the business earned $0.51 earnings per share. Adient’s quarterly revenue was down 3.7% compared to the same quarter last year. As a group, equities analysts forecast that Adient will post 2.04 earnings per share for the current fiscal year.

Adient Company Profile

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.