Adient (ADNT) Trading Down 6.2%

Adient PLC (NYSE:ADNT)’s share price was down 6.2% during trading on Friday . The company traded as low as $18.01 and last traded at $18.05. Approximately 3,036,468 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 3,695,796 shares. The stock had previously closed at $19.24.

A number of equities analysts have commented on ADNT shares. KeyCorp started coverage on shares of Adient in a research note on Monday, December 10th. They issued an “underweight” rating and a $18.00 target price on the stock. Buckingham Research lowered their price target on shares of Adient from $54.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, October 3rd. Robert W. Baird cut shares of Adient from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $25.00 to $14.00 in a research report on Friday, January 4th. Royal Bank of Canada lowered their price target on shares of Adient to $21.00 and set a “sector perform” rating for the company in a research report on Monday, November 12th. Finally, Barclays reaffirmed a “hold” rating and issued a $28.00 price target on shares of Adient in a research report on Tuesday, November 13th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. Adient currently has a consensus rating of “Hold” and an average target price of $37.92.

The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.83 and a current ratio of 1.03. The stock has a market cap of $1.78 billion, a P/E ratio of 3.21, a P/E/G ratio of 0.36 and a beta of 1.67.

Adient (NYSE:ADNT) last posted its earnings results on Friday, November 9th. The company reported $1.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.04. Adient had a negative net margin of 9.66% and a positive return on equity of 13.51%. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. Adient’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts anticipate that Adient PLC will post 4.36 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Alps Advisors Inc. purchased a new position in shares of Adient in the second quarter worth $221,000. BlackRock Inc. increased its stake in shares of Adient by 1.0% in the second quarter. BlackRock Inc. now owns 4,186,894 shares of the company’s stock worth $205,956,000 after acquiring an additional 42,091 shares during the period. FMR LLC increased its stake in shares of Adient by 4.8% in the second quarter. FMR LLC now owns 759,948 shares of the company’s stock worth $37,381,000 after acquiring an additional 34,500 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Adient by 15.6% in the second quarter. Envestnet Asset Management Inc. now owns 13,633 shares of the company’s stock worth $671,000 after acquiring an additional 1,844 shares during the period. Finally, BlueMountain Capital Management LLC acquired a new stake in shares of Adient in the second quarter worth $262,000. 97.85% of the stock is owned by institutional investors.

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Adient Company Profile (NYSE:ADNT)

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.

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