Adient plc (NYSE:ADNT) Short Interest Update

Adient plc (NYSE:ADNT - Get Free Report) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 5,640,000 shares, an increase of 7.0% from the March 31st total of 5,270,000 shares. Based on an average daily trading volume, of 1,100,000 shares, the short-interest ratio is presently 5.1 days. Approximately 6.3% of the shares of the stock are short sold.

Adient Trading Up 2.7 %

Shares of Adient stock traded up $0.80 on Thursday, hitting $30.24. 1,071,321 shares of the company's stock traded hands, compared to its average volume of 1,031,528. The firm's 50-day moving average price is $32.04 and its two-hundred day moving average price is $33.40. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.15 and a quick ratio of 0.91. The stock has a market capitalization of $2.76 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.31 and a beta of 2.39. Adient has a one year low of $27.73 and a one year high of $46.51.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.16). Adient had a return on equity of 7.90% and a net margin of 1.39%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the firm earned $0.34 earnings per share. The firm's revenue for the quarter was up .0% on a year-over-year basis. On average, research analysts expect that Adient will post 2.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Adient from $41.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, February 8th. Barclays restated an "equal weight" rating and issued a $37.00 price objective (down previously from $41.00) on shares of Adient in a research report on Wednesday, April 10th. JPMorgan Chase & Co. decreased their price objective on Adient from $40.00 to $37.00 and set a "neutral" rating on the stock in a research report on Monday, April 22nd. Finally, Bank of America lowered their target price on Adient from $50.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, April 10th. 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's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $42.43.

Insider Buying and Selling at Adient

In related news, EVP Heather M. Tiltmann sold 10,000 shares of the firm's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total transaction of $336,800.00. Following the completion of the sale, the executive vice president now directly owns 55,669 shares of the company's stock, valued at approximately $1,874,931.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company's stock.

Institutional Trading of Adient

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SummerHaven Investment Management LLC lifted its holdings in Adient by 1.8% during the fourth quarter. SummerHaven Investment Management LLC now owns 17,327 shares of the company's stock worth $630,000 after acquiring an additional 310 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of Adient by 4.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,820 shares of the company's stock valued at $287,000 after purchasing an additional 368 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Adient by 1.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,555 shares of the company's stock valued at $1,562,000 after purchasing an additional 571 shares during the period. Watershed Asset Management L.L.C. increased its stake in Adient by 8.2% during the 4th quarter. Watershed Asset Management L.L.C. now owns 7,818 shares of the company's stock worth $284,000 after purchasing an additional 595 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Adient by 20.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,743 shares of the company's stock worth $211,000 after buying an additional 962 shares during the period. 92.44% of the stock is owned by institutional investors.

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.