Key Points
- Adient EVP Michel Pierre Rose Berthelin sold 2,500 shares on November 26 at an average price of $19.71 for $49,275, leaving him with 116,425 shares (a 2.10% reduction in his stake); the sale was disclosed in an SEC filing.
- Adient is trading near $19.46 after reporting (-$0.13) EPS last quarter, and analysts have trimmed ratings and targets — the consensus rating is Reduce with an average target of $22.69 — while institutional investors own about 92.44% of the stock.
Adient (NYSE:ADNT - Get Free Report) EVP Michel Pierre Rose Berthelin sold 2,500 shares of Adient stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $19.71, for a total value of $49,275.00. Following the completion of the sale, the executive vice president directly owned 116,425 shares in the company, valued at $2,294,736.75. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Adient Price Performance
Shares of Adient stock opened at $19.46 on Friday. The firm has a market cap of $1.54 billion, a PE ratio of -5.83, a PEG ratio of 0.64 and a beta of 1.87. The stock has a 50 day moving average of $22.33 and a 200 day moving average of $21.41. The company has a current ratio of 1.12, a quick ratio of 0.93 and a debt-to-equity ratio of 1.16. Adient has a 12 month low of $10.04 and a 12 month high of $26.16.
Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 31st. The company reported ($0.13) EPS for the quarter. The business had revenue of $3.51 billion during the quarter. Adient had a positive return on equity of 7.81% and a negative net margin of 1.93%. On average, research analysts expect that Adient will post 1.76 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on ADNT. JPMorgan Chase & Co. dropped their target price on Adient from $26.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, November 6th. Zacks Research downgraded Adient from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Weiss Ratings reissued a "sell (d)" rating on shares of Adient in a research note on Wednesday, October 8th. Barclays dropped their price target on shares of Adient from $27.00 to $24.00 and set an "equal weight" rating for the company in a research note on Friday, November 7th. Finally, Wall Street Zen lowered shares of Adient from a "buy" rating to a "hold" rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $22.69.
Get Our Latest Stock Report on Adient
Institutional Investors Weigh In On Adient
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jump Financial LLC increased its position in shares of Adient by 38.1% during the first quarter. Jump Financial LLC now owns 226,173 shares of the company's stock worth $2,909,000 after acquiring an additional 62,444 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Adient by 1.5% in the first quarter. Vanguard Group Inc. now owns 3,485,241 shares of the company's stock valued at $44,820,000 after purchasing an additional 53,101 shares during the period. Entropy Technologies LP bought a new position in Adient in the first quarter worth approximately $138,000. HITE Hedge Asset Management LLC grew its stake in Adient by 184.2% in the first quarter. HITE Hedge Asset Management LLC now owns 2,320,103 shares of the company's stock worth $29,837,000 after purchasing an additional 1,503,817 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Adient by 14.9% during the 1st quarter. American Century Companies Inc. now owns 161,774 shares of the company's stock worth $2,080,000 after purchasing an additional 20,941 shares during the period. Institutional investors own 92.44% of the company's stock.
Adient Company Profile
(
Get Free Report)
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.
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