Adient (NYSE:ADNT) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of Adient (NYSE:ADNT) from a buy rating to a hold rating in a research report report published on Wednesday morning.

A number of other research firms also recently issued reports on ADNT. Morgan Stanley reduced their price target on shares of Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. Barclays lowered their target price on Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a report on Wednesday. Bank of America downgraded Adient from a “buy” rating to a “neutral” rating and cut their price target for the stock from $30.00 to $24.00 in a report on Thursday, November 21st. Finally, Wells Fargo & Company lowered Adient from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $27.00 to $20.00 in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $23.13.

Adient Trading Down 3.7 %

NYSE ADNT opened at $16.82 on Wednesday. Adient has a one year low of $16.28 and a one year high of $36.04. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 73.11, a PEG ratio of 0.29 and a beta of 2.16. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.11. The company’s 50 day moving average price is $18.22 and its 200 day moving average price is $20.82.

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

Insider Activity

In other news, EVP James Conklin sold 11,500 shares of the company’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 completion of 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 represents a 18.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Adient

A number of institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd raised its stake in shares of Adient by 23.2% in the 3rd quarter. Covestor Ltd now owns 5,482 shares of the company’s stock worth $124,000 after buying an additional 1,032 shares in the last quarter. KBC Group NV lifted its holdings in Adient by 51.8% in the 3rd quarter. KBC Group NV now owns 3,328 shares of the company’s stock valued at $75,000 after acquiring an additional 1,136 shares during the last quarter. US Bancorp DE boosted its position in shares of Adient by 583.8% during the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock valued at $42,000 after purchasing an additional 1,588 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Adient by 8.4% during the third quarter. Victory Capital Management Inc. now owns 20,977 shares of the company’s stock valued at $473,000 after purchasing an additional 1,633 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Adient by 493.8% during the third quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after purchasing an additional 1,822 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.