Shares of Adient PLC (NYSE:ADNT) gapped down prior to trading on Wednesday . The stock had previously closed at $19.27, but opened at $20.58. Adient shares last traded at $21.81, with a volume of 39,217 shares trading hands.
A number of research firms have recently weighed in on ADNT. Wolfe Research began coverage on shares of Adient in a report on Tuesday, October 8th. They set a “market perform” rating and a $21.00 target price for the company. ValuEngine cut Adient from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Barclays reduced their price target on Adient from $29.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. UBS Group lowered Adient from a “buy” rating to a “neutral” rating and lowered their price target for the company from $30.00 to $27.00 in a research report on Thursday, September 12th. Finally, Morgan Stanley upped their target price on Adient from $13.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. Adient has an average rating of “Hold” and an average price target of $21.93.
The firm has a 50-day moving average price of $22.38 and a 200-day moving average price of $21.85. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.87 and a current ratio of 1.07. The stock has a market cap of $2.05 billion, a PE ratio of 13.03 and a beta of 3.20.
Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC increased its position in shares of Adient by 231.2% during the second quarter. CWM LLC now owns 1,020 shares of the company’s stock valued at $25,000 after acquiring an additional 712 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Adient by 92.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,553 shares of the company’s stock worth $59,000 after acquiring an additional 1,223 shares during the last quarter. Strs Ohio bought a new position in Adient in the 2nd quarter valued at approximately $106,000. KCS Wealth Advisory bought a new position in Adient in the 2nd quarter valued at approximately $205,000. Finally, Point View Wealth Management Inc. bought a new position in Adient in the 2nd quarter valued at approximately $210,000. Hedge funds and other institutional investors own 98.85% of the company’s stock.
Adient Company Profile (NYSE:ADNT)
Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.
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