Adient plc (NYSE:ADNT) Given Consensus Rating of "Hold" by Brokerages

Adient plc (NYSE:ADNT - Get Free Report) has earned a consensus rating of "Hold" from the nine research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $24.38.

Several equities analysts have weighed in on the stock. Wolfe Research assumed coverage on shares of Adient in a report on Thursday, September 5th. They set a "peer perform" rating for the company. Bank of America cut shares of Adient from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $30.00 to $24.00 in a research note on Thursday, November 21st. Morgan Stanley reduced their target price on Adient from $21.00 to $19.00 and set an "underweight" rating on the stock in a research note on Thursday, November 14th. Wells Fargo & Company dropped their price target on Adient from $29.00 to $27.00 and set an "overweight" rating for the company in a research report on Friday, September 20th. Finally, StockNews.com upgraded Adient from a "hold" rating to a "buy" rating in a research report on Monday, November 11th.

Adient Price Performance

Shares of ADNT stock traded down $0.11 during midday trading on Friday, reaching $18.96. 720,329 shares of the company traded hands, compared to its average volume of 1,223,112. The firm's 50 day simple moving average is $20.39 and its two-hundred day simple moving average is $22.57. The firm has a market cap of $1.61 billion, a PE ratio of 82.43, a price-to-earnings-growth ratio of 0.32 and a beta of 2.15. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.90. Adient has a 1-year low of $18.53 and a 1-year high of $37.19.

Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. Adient's revenue was down 3.7% on a year-over-year basis. On average, equities research analysts expect that Adient will post 2.04 EPS for the current fiscal 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 value of $232,875.00. Following the transaction, the executive vice president now owns 51,829 shares in the company, valued at $1,049,537.25. This trade represents a 18.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Pacer Advisors Inc. grew 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 valued at $116,110,000 after acquiring an additional 5,130,969 shares during the period. Pzena Investment Management LLC grew its holdings in shares of Adient by 45.0% during 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 period. D. E. Shaw & Co. Inc. increased its position in Adient by 86.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,133,901 shares of the company's stock worth $28,019,000 after purchasing an additional 525,280 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position 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 in the last quarter. Finally, Empowered Funds LLC purchased a new position in Adient in the third quarter valued at approximately $6,653,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.