By otakuyassine3@gmail.com 
Shares of Adient plc (NYSE:ADNT – Get Free Report) fell 4.1% on Friday . The company traded as low as $17.44 and last traded at $17.52. 226,259 shares traded hands during trading, a decline of 83% from the average session volume of 1,369,665 shares. The stock had previously closed at $18.26.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. UBS Group increased their price objective on Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday. Wells Fargo & Company lowered shares of Adient from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $27.00 to $20.00 in a research note on Monday, December 16th. Bank of America downgraded shares of Adient from a “buy” rating to a “neutral” rating and decreased their target price for the company from $30.00 to $24.00 in a research note on Thursday, November 21st. StockNews.com cut Adient from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley reduced their price objective on Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.88.
View Our Latest Report on Adient
Adient Trading Down 5.6 %
The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 1.11. The stock has a 50-day simple moving average of $18.00 and a two-hundred day simple moving average of $20.59. The firm has a market capitalization of $1.45 billion, a P/E ratio of 863.50, a price-to-earnings-growth ratio of 0.33 and a beta of 2.16.
Adient (NYSE:ADNT – Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same quarter in the prior year, the firm earned $0.31 EPS. On average, equities research analysts anticipate that Adient plc will post 1.93 earnings per share for the current year.
Insider Transactions at Adient
In other news, EVP James Conklin sold 11,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total value of $232,875.00. Following the completion of the sale, the executive vice president now directly owns 51,829 shares in the company, valued at $1,049,537.25. The trade was a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.72% of the company’s stock.
Institutional Investors Weigh In On Adient
A number of institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in Adient by 10,316.7% in the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock worth $32,000 after acquiring an additional 1,857 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Adient during the 4th quarter worth $32,000. US Bancorp DE increased its holdings in Adient by 583.8% in the third quarter. US Bancorp DE now owns 1,860 shares of the company’s stock valued at $42,000 after buying an additional 1,588 shares during the last quarter. Signaturefd LLC increased its holdings in Adient by 493.8% in the third quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after buying an additional 1,822 shares during the last quarter. Finally, KBC Group NV raised its stake in Adient by 51.8% in the third quarter. KBC Group NV now owns 3,328 shares of the company’s stock valued at $75,000 after buying an additional 1,136 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.
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.
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