Adient (NYSE:ADNT) Stock Now Rated "Hold" by Sell-Side Brokerages

Key Points

• Adient has a consensus “Hold” rating from 12 analysts: seven rate it a buy, three a hold and two a sell. The average 12-month price target is $26.30.
• Adient shares fell 5.1% to $16.97, near their 52-week low of $16.77. The company’s latest quarterly EPS of $0.48 missed estimates of $0.56, although revenue grew 4.3% year over year to $3.93 billion.
• Director Peter Carlin sold 7,843 shares at an average price of $19.25, reducing his ownership by 16.8%; institutional investors own 92.44% of the company.

Adient (NYSE:ADNT - Get Free Report) has received a consensus recommendation of "Hold" from the twelve analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $26.30.

A number of equities research analysts recently weighed in on ADNT shares. Weiss Ratings cut Adient from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, August 21st. Citigroup decreased their price objective on shares of Adient from $33.00 to $29.00 and set a "buy" rating on the stock in a report on Tuesday, August 11th. Zacks Research raised shares of Adient from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 16th. Wall Street Zen cut shares of Adient from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $28.00 target price on shares of Adient in a report on Thursday, August 6th.

Insider Transactions at Adient

In other news, Director Peter Carlin sold 7,843 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $19.25, for a total transaction of $150,977.75. Following the completion of the sale, the director owned 38,835 shares in the company, valued at $747,573.75. The trade was a 16.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On Adient

A number of large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new stake in Adient in the 2nd quarter valued at $27,000. Leonteq Securities AG bought a new position in Adient during the 4th quarter worth $30,000. Parallel Advisors LLC lifted its holdings in shares of Adient by 19.4% during the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company's stock worth $64,000 after buying an additional 517 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Adient during the second quarter worth $94,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Adient by 10.3% during the first quarter. PNC Financial Services Group Inc. now owns 7,538 shares of the company's stock worth $152,000 after buying an additional 705 shares in the last quarter. Institutional investors own 92.44% of the company's stock.

Adient Trading Down 5.1%

Adient stock opened at $16.97 on Friday. The stock has a 50-day simple moving average of $19.44 and a 200 day simple moving average of $20.39. The stock has a market capitalization of $1.31 billion, a P/E ratio of 28.28, a PEG ratio of 0.37 and a beta of 1.52. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.91 and a current ratio of 1.10. Adient has a 52 week low of $16.77 and a 52 week high of $27.32.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings data 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). Adient had a net margin of 0.32% and a return on equity of 7.32%. The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the company earned $0.45 EPS. Adient's quarterly revenue was up 4.3% on a year-over-year basis. Analysts expect that Adient will post 2.02 earnings per share for the current year.

About Adient

Adient plc NYSE: ADNT is a global automotive supplier that designs, engineers and manufactures automotive seating systems and related components. Its products include complete vehicle seats, seat structures, mechanisms, foam products, trim and other components used in passenger vehicles and commercial vehicles.

The company supplies automakers and supports vehicle programs across major automotive markets, including North America, Europe and Asia. Its operations include product development, engineering, manufacturing and assembly, enabling Adient to provide integrated seating solutions for a range of vehicle platforms and interior designs.

Adient became an independent public company in 2016 after being separated from Johnson Controls' automotive seating business.

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