Adient plc (NYSE:ADNT) Given Consensus Recommendation of “Reduce” by Brokerages

Adient plc (NYSE:ADNT) has earned an average rating of “Reduce” from the nine ratings firms that are currently covering the company, 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 1 year price objective among analysts that have issued a report on the stock in the last year is $23.50.

A number of analysts have recently weighed in on ADNT shares. Wells Fargo & Company lowered shares of Adient from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $27.00 to $20.00 in a research note on Monday, December 16th. 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 research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $24.00 price objective on shares of Adient in a report on Tuesday, September 10th. StockNews.com upgraded Adient from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th. Finally, Morgan Stanley lowered their price objective on Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th.

Insider Buying and Selling at Adient

In other news, EVP James Conklin sold 11,500 shares of the business’s stock in a transaction dated 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 $1,049,537.25. The trade was a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC boosted its stake in 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 purchasing an additional 442,200 shares during the last quarter. Pacer Advisors Inc. boosted 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 worth $116,110,000 after acquiring an additional 5,130,969 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 grew its stake in Adient by 4.8% during the 3rd quarter. State Street Corp now owns 3,443,471 shares of the company’s stock valued at $77,719,000 after acquiring an additional 158,017 shares in the last quarter. Finally, Pzena Investment Management LLC raised its holdings in 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 acquiring an additional 877,142 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Adient Stock Performance

Shares of ADNT opened at $17.56 on Wednesday. The stock has a 50-day moving average of $18.91 and a two-hundred day moving average of $21.39. 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 stock has a market cap of $1.49 billion, a P/E ratio of 76.35, a P/E/G ratio of 0.32 and a beta of 2.16. Adient has a one year low of $16.28 and a one year high of $36.04.

Adient (NYSE:ADNT) last issued its earnings results on Friday, November 8th. The company reported $0.68 EPS for the quarter, beating 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 firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Adient’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, research analysts predict that Adient will post 2.04 EPS for the current year.

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.