Analysts Set Adient plc (NYSE:ADNT) PT at $23.50

Adient plc (NYSE:ADNT) has received a consensus recommendation of “Reduce” from the nine analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $23.50.

ADNT has been the subject of several recent analyst reports. StockNews.com upgraded Adient from a “hold” rating to a “buy” rating in a report on Saturday, December 28th. Bank of America downgraded shares of 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 report on Thursday, November 21st. Wells Fargo & Company downgraded shares of 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 research note on Monday, December 16th. Finally, Morgan Stanley reduced their target price on Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th.

Insider Transactions at Adient

In other Adient news, EVP James Conklin sold 11,500 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total value of $232,875.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC lifted its stake in Adient by 9.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock valued at $117,298,000 after buying an additional 442,200 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Adient by 38,074.9% in the 3rd 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 period. Dimensional Fund Advisors LP lifted its position in Adient by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,078,070 shares of the company’s stock valued at $125,480,000 after purchasing an additional 61,342 shares during the last quarter. State Street Corp grew its position in Adient by 4.8% in the 3rd quarter. State Street Corp now owns 3,443,471 shares of the company’s stock worth $77,719,000 after purchasing an additional 158,017 shares during the last quarter. Finally, Pzena Investment Management LLC grew its position in Adient by 45.0% in the 3rd quarter. Pzena Investment Management LLC now owns 2,825,491 shares of the company’s stock worth $63,771,000 after purchasing an additional 877,142 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Stock Down 2.1 %

ADNT opened at $16.66 on Wednesday. Adient has a one year low of $16.28 and a one year high of $36.04. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 72.43, a PEG ratio of 0.32 and a beta of 2.16. The business’s fifty day moving average is $18.79 and its two-hundred day moving average is $21.33. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.11.

Adient (NYSE:ADNT) last posted its earnings results on Friday, November 8th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.12. Adient had a net margin of 0.12% and a return on equity of 6.86%. The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. Analysts anticipate that Adient will post 2.04 EPS for the current fiscal year.

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.