Adient (NYSE:ADNT) Rating Lowered to Hold at StockNews.com

Adient (NYSE:ADNT) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

A number of other analysts have also issued reports on the stock. Morgan Stanley dropped their price objective on shares of Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Barclays cut their price objective on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Wednesday. Wells Fargo & Company downgraded Adient from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $27.00 to $20.00 in a research note on Monday, December 16th. Finally, Bank of America cut Adient from a “buy” rating to a “neutral” rating and cut their price target for the stock from $30.00 to $24.00 in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $23.13.

Adient Stock Down 3.7 %

Shares of NYSE:ADNT traded down $0.66 during midday trading on Wednesday, hitting $16.82. 1,158,141 shares of the company’s stock traded hands, compared to its average volume of 1,165,957. The firm’s fifty day moving average price is $18.22 and its two-hundred day moving average price is $20.82. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.11. Adient has a twelve month low of $16.28 and a twelve month high of $36.04. The company has a market cap of $1.43 billion, a PE ratio of 73.11, a P/E/G ratio of 0.29 and a beta of 2.16.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Adient had a return on equity of 6.86% and a net margin of 0.12%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share. On average, equities research analysts anticipate that Adient will post 2.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other Adient news, EVP James Conklin sold 11,500 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 51,829 shares of the company’s stock, valued at approximately $1,049,537.25. The trade was a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Adient

A number of institutional investors and hedge funds have recently modified their holdings of ADNT. Pacer Advisors Inc. raised its position in shares of Adient by 38,074.9% in the 3rd quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company’s stock valued at $116,110,000 after acquiring an additional 5,130,969 shares during the period. Pzena Investment Management LLC boosted its position in shares of Adient by 45.0% during the third quarter. Pzena Investment Management LLC now owns 2,825,491 shares of the company’s stock worth $63,771,000 after buying an additional 877,142 shares during the period. D. E. Shaw & Co. Inc. boosted its position in Adient by 86.3% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,133,901 shares of the company’s stock worth $28,019,000 after acquiring an additional 525,280 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Adient by 9.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock valued at $117,298,000 after purchasing an additional 442,200 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Adient in the third quarter valued at about $6,653,000. 92.44% of the stock is owned by institutional investors.

Adient Company Profile

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.