Adient Target of Unusually Large Options Trading (NYSE:ADNT)

Adient plc (NYSE:ADNT) was the recipient of some unusual options trading on Tuesday. Stock traders acquired 20,000 call options on the stock. This represents an increase of 960% compared to the average daily volume of 1,886 call options.

ADNT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Adient from $44.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, March 15th. Credit Suisse Group raised their price target on Adient from $44.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, February 10th. JPMorgan Chase & Co. upgraded shares of Adient from an “underweight” rating to a “neutral” rating and increased their price target for the company from $20.00 to $35.00 in a research report on Friday, January 22nd. Zacks Investment Research downgraded Adient from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research report on Monday, March 15th. Finally, Wells Fargo & Company assumed coverage on Adient in a research note on Wednesday, March 31st. They set an “overweight” rating and a $59.00 price target for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $44.67.

Several hedge funds and other institutional investors have recently bought and sold shares of ADNT. FMR LLC lifted its holdings in shares of Adient by 21.9% during the 1st quarter. FMR LLC now owns 1,008,304 shares of the company’s stock valued at $13,067,000 after purchasing an additional 181,235 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Adient by 0.8% during the third quarter. Great West Life Assurance Co. Can now owns 51,419 shares of the company’s stock worth $891,000 after buying an additional 419 shares during the period. Sei Investments Co. grew its holdings in shares of Adient by 14.9% during the third quarter. Sei Investments Co. now owns 24,045 shares of the company’s stock valued at $417,000 after buying an additional 3,123 shares during the last quarter. Diversified Trust Co acquired a new position in shares of Adient in the 4th quarter valued at $204,000. Finally, Kestra Advisory Services LLC purchased a new position in Adient in the 4th quarter worth $433,000. Hedge funds and other institutional investors own 84.90% of the company’s stock.

Shares of ADNT stock opened at $43.91 on Wednesday. The company’s 50-day simple moving average is $42.29 and its two-hundred day simple moving average is $34.08. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.17 and a quick ratio of 0.99. Adient has a one year low of $10.77 and a one year high of $48.65. The company has a market capitalization of $4.14 billion, a P/E ratio of -7.54, a P/E/G ratio of 0.36 and a beta of 3.30.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Thursday, February 4th. The company reported $1.71 EPS for the quarter, beating the consensus estimate of $0.88 by $0.83. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.84 billion. Adient had a negative return on equity of 0.23% and a negative net margin of 4.32%. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. On average, research analysts expect that Adient will post 3.07 EPS for the current fiscal year.

About Adient

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's products include frames, mechanisms, foams, head restraints, armrests, and trim covers. It serves automotive original equipment manufacturers in the Americas, Europe, China, and internationally.

Further Reading: What is the Quick Ratio?

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