Adient (NYSE:ADNT) Rating Reiterated by Barclays

Barclays reiterated their equal weight rating on shares of Adient (NYSE:ADNT - Free Report) in a research note released on Wednesday, Marketbeat reports. They currently have a $37.00 target price on the stock, down from their previous target price of $41.00.

Several other equities research analysts have also recently issued reports on ADNT. JPMorgan Chase & Co. lowered their price objective on Adient from $41.00 to $40.00 and set a neutral rating on the stock in a report on Wednesday, February 28th. TheStreet lowered Adient from a b- rating to a c+ rating in a research note on Tuesday, December 12th. Finally, Wells Fargo & Company reduced their price objective on Adient from $41.00 to $40.00 and set an overweight rating for the company in a research note on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $42.86.

Adient Price Performance

ADNT traded down $1.54 during trading on Wednesday, hitting $30.24. The company's stock had a trading volume of 1,990,021 shares, compared to its average volume of 1,027,892. The company has a current ratio of 1.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 0.29 and a beta of 2.51. The business's fifty day simple moving average is $33.55 and its 200 day simple moving average is $34.10. Adient has a twelve month low of $29.30 and a twelve month high of $46.51.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.16). The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.76 billion. Adient had a net margin of 1.39% and a return on equity of 7.90%. Adient's revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 EPS. On average, equities research analysts forecast that Adient will post 2.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Adient news, EVP Heather M. Tiltmann sold 10,000 shares of the business's stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $33.68, for a total value of $336,800.00. Following the transaction, the executive vice president now directly owns 55,669 shares in the company, valued at approximately $1,874,931.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Adient

Large investors have recently modified their holdings of the business. Capital World Investors raised its holdings in Adient by 29.1% in the 1st quarter. Capital World Investors now owns 11,562,906 shares of the company's stock valued at $471,420,000 after buying an additional 2,607,625 shares during the period. Norges Bank purchased a new stake in shares of Adient in the 4th quarter valued at approximately $29,589,000. Balyasny Asset Management LLC lifted its holdings in shares of Adient by 488.3% in the 3rd quarter. Balyasny Asset Management LLC now owns 846,694 shares of the company's stock worth $23,496,000 after acquiring an additional 702,782 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Adient by 218.4% during the 1st quarter. Balyasny Asset Management L.P. now owns 964,102 shares of the company's stock worth $39,490,000 after purchasing an additional 661,350 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Adient by 208.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 872,293 shares of the company's stock valued at $32,013,000 after purchasing an additional 589,247 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

About Adient

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.