Key Points
- Adient director Peter Carlin sold 7,843 shares at an average price of $19.25, generating approximately $150,978. After the sale, he retained 38,835 shares, a 16.8% reduction in his holdings.
- Adient’s latest quarterly earnings came in below expectations at $0.48 per share versus the $0.56 consensus, although revenue of $3.93 billion exceeded estimates and increased 4.3% year over year.
- Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and a $26.60 target price; institutional investors own approximately 92.44% of Adient’s shares.
Adient (NYSE:ADNT - Get Free Report) Director Peter Carlin sold 7,843 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $19.25, for a total transaction of $150,977.75. Following the completion of the transaction, the director owned 38,835 shares of the company's stock, valued at $747,573.75. This trade represents a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Adient Price Performance
Shares of NYSE:ADNT opened at $19.97 on Friday. The company has a 50 day moving average of $19.65 and a 200 day moving average of $20.99. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 1.18. The stock has a market cap of $1.54 billion, a P/E ratio of 33.28, a P/E/G ratio of 0.40 and a beta of 1.52. Adient has a 12 month low of $17.68 and a 12 month high of $27.32.
Adient (NYSE:ADNT - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.08). The firm had revenue of $3.93 billion during the quarter, compared to analysts' expectations of $3.71 billion. Adient had a return on equity of 7.32% and a net margin of 0.32%.The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. As a group, sell-side analysts forecast that Adient will post 2.02 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts recently issued reports on ADNT shares. Weiss Ratings lowered Adient from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, August 21st. Wells Fargo & Company raised their price target on Adient from $28.00 to $32.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. Stifel Nicolaus lowered their price target on Adient from $28.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, July 20th. JPMorgan Chase & Co. lifted their price target on Adient from $26.00 to $28.00 and gave the company a "neutral" rating in a research report on Monday, August 10th. Finally, BNP Paribas Exane raised Adient from a "neutral" rating to an "outperform" rating and set a $26.00 price objective for the company in a report on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $26.60.
Read Our Latest Report on ADNT
Institutional Trading of Adient
A number of hedge funds have recently made changes to their positions in ADNT. Leonteq Securities AG bought a new position in Adient in the fourth quarter valued at $30,000. Quarry LP boosted its holdings in shares of Adient by 163.9% in the 3rd quarter. Quarry LP now owns 2,304 shares of the company's stock worth $55,000 after purchasing an additional 1,431 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Adient by 19.4% in the 1st quarter. Parallel Advisors LLC now owns 3,186 shares of the company's stock worth $64,000 after purchasing an additional 517 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Adient during the 2nd quarter valued at about $63,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Adient during the 4th quarter valued at about $64,000. 92.44% of the stock is owned by institutional investors.
Adient Company Profile
(
Get Free Report)
Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient's product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.
Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.
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