Adient plc (NYSE:ADNT) Receives Consensus Rating of “Reduce” from Brokerages

Adient plc (NYSE:ADNT) has been given an average recommendation of “Reduce” by the nine brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $21.63.

A number of equities analysts recently commented on ADNT shares. StockNews.com upgraded Adient from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Wells Fargo & Company cut Adient from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $27.00 to $20.00 in a research report on Monday, December 16th. Bank of America lowered Adient from a “buy” rating to a “neutral” rating and lowered their price target for the company from $30.00 to $24.00 in a research note on Thursday, November 21st. Morgan Stanley decreased their target price on shares of Adient from $19.00 to $17.00 and set an “underweight” rating on the stock in a research report on Monday. Finally, UBS Group upped their target price on shares of Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th.

Adient Price Performance

NYSE ADNT opened at $14.69 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. The company has a market cap of $1.23 billion, a PE ratio of 734.50, a PEG ratio of 0.34 and a beta of 2.18. Adient has a 1 year low of $14.60 and a 1 year high of $35.94. The stock’s 50-day moving average price is $17.13 and its two-hundred day moving average price is $19.53.

Adient (NYSE:ADNT) last released its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same period in the previous year, the firm posted $0.31 EPS. On average, analysts predict that Adient will post 1.76 EPS for the current year.

Insider Activity

In other Adient news, EVP James Conklin sold 11,500 shares of Adient stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total transaction of $232,875.00. Following the completion of the sale, the executive vice president now owns 51,829 shares of the company’s stock, valued at approximately $1,049,537.25. The trade was a 18.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Adient

Several hedge funds have recently added to or reduced their stakes in ADNT. Jefferies Financial Group Inc. raised its stake in Adient by 44.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 13,318 shares of the company’s stock worth $229,000 after buying an additional 4,077 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Adient by 105.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 369,035 shares of the company’s stock worth $6,358,000 after purchasing an additional 189,574 shares during the last quarter. Vident Advisory LLC bought a new position in shares of Adient in the 4th quarter valued at about $463,000. Twinbeech Capital LP acquired a new position in Adient during the fourth quarter worth approximately $372,000. Finally, State of Wyoming raised its position in shares of Adient by 145.7% in the fourth quarter. State of Wyoming now owns 15,912 shares of the company’s stock valued at $274,000 after purchasing an additional 9,435 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.