Adient (NYSE:ADNT) Rating Lowered to “Hold” at StockNews.com

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

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

Adient Stock Performance

Shares of 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 company has a 50-day moving average of $18.22 and a two-hundred day moving average of $20.82. 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 stock has a market cap of $1.43 billion, a price-to-earnings ratio of 73.11, a PEG ratio of 0.29 and a beta of 2.16.

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

Insider Activity

In other Adient news, EVP James Conklin sold 11,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total value of $232,875.00. Following the sale, the executive vice president now owns 51,829 shares of the company’s stock, valued at $1,049,537.25. This trade represents a 18.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Covestor Ltd lifted its position in Adient by 23.2% in the third quarter. Covestor Ltd now owns 5,482 shares of the company’s stock worth $124,000 after purchasing an additional 1,032 shares during the period. KBC Group NV lifted its holdings in Adient by 51.8% during the 3rd 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 during the last quarter. US Bancorp DE boosted its holdings 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. Victory Capital Management Inc. grew its holdings in shares of Adient by 8.4% during the third quarter. Victory Capital Management Inc. now owns 20,977 shares of the company’s stock worth $473,000 after purchasing an additional 1,633 shares during the last quarter. Finally, Signaturefd LLC increased its position in Adient by 493.8% in the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after acquiring an additional 1,822 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.