Adient (NYSE:ADNT) Trading 4.1% Higher – What’s Next?

Adient plc (NYSE:ADNT)’s stock price rose 4.1% during mid-day trading on Tuesday . The stock traded as high as $14.46 and last traded at $14.53. Approximately 1,860,545 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 1,541,978 shares. The stock had previously closed at $13.96.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ADNT shares. Wells Fargo & Company lowered Adient from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $27.00 to $20.00 in a report on Monday, December 16th. UBS Group increased their target price on Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on shares of Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Barclays reduced their price target on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Finally, StockNews.com downgraded Adient from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.88.

Adient Trading Up 5.0 %

The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 733.00, a P/E/G ratio of 0.34 and a beta of 2.27. 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 business’s 50 day moving average price is $16.21 and its two-hundred day moving average price is $18.65.

Adient (NYSE:ADNT) last released its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) 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 quarter last year, the business posted $0.31 earnings per share. On average, equities analysts predict that Adient plc will post 1.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ADNT. Jefferies Financial Group Inc. grew its stake in Adient by 44.1% in the 4th quarter. Jefferies Financial Group Inc. now owns 13,318 shares of the company’s stock valued at $229,000 after purchasing an additional 4,077 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Adient by 105.6% in the fourth 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 buying an additional 189,574 shares in the last quarter. Vident Advisory LLC purchased a new position in shares of Adient during the 4th quarter valued at $463,000. Twinbeech Capital LP bought a new stake in shares of Adient during the 4th quarter valued at about $372,000. Finally, State of Wyoming grew its stake in Adient by 145.7% in the 4th quarter. State of Wyoming now owns 15,912 shares of the company’s stock worth $274,000 after buying an additional 9,435 shares in the last quarter. Hedge funds and other institutional investors 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.