Adient (NYSE:ADNT) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Adient (NYSE:ADNT) from a hold rating to a buy rating in a report released on Saturday morning.

Other equities analysts also recently issued reports about the company. Bank of America downgraded Adient from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $30.00 to $24.00 in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $24.00 price target on shares of Adient in a report on Tuesday, September 10th. Wolfe Research started coverage on shares of Adient in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Morgan Stanley lowered their price target on Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. Finally, Wells Fargo & Company lowered shares of Adient from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $27.00 to $20.00 in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.50.

Adient Stock Down 1.4 %

ADNT opened at $17.19 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 0.98. The business has a 50 day moving average price of $19.39 and a two-hundred day moving average price of $21.73. Adient has a 52 week low of $16.43 and a 52 week high of $37.04. The company has a market cap of $1.46 billion, a PE ratio of 74.74, a P/E/G ratio of 0.32 and a beta of 2.15.

Adient (NYSE:ADNT) last released its earnings results 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 company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. As a group, research analysts anticipate that Adient will post 2.04 EPS for the current year.

Insider Buying and Selling at Adient

In related news, EVP James Conklin sold 11,500 shares of Adient stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total value of $232,875.00. Following the completion of the transaction, the executive vice president now directly owns 51,829 shares in the company, valued at approximately $1,049,537.25. This trade represents 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 accessible through this link. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Adient

Several institutional investors and hedge funds have recently bought and sold shares of ADNT. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Adient by 9.3% during the third 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 period. Pacer Advisors Inc. raised its stake 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 period. Dimensional Fund Advisors LP lifted its holdings in Adient by 1.2% in 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 boosted its stake in Adient by 4.8% in the third 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 during the period. Finally, Pzena Investment Management LLC boosted its stake in Adient by 45.0% in the third 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 period. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.