Adient (NYSE:ADNT) Price Target Lowered to $26.00 at Stifel Nicolaus

Adient (NYSE:ADNT) had its price target lowered by Stifel Nicolaus from $28.00 to $26.00 in a report released on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. cut their target price on Adient from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Citigroup raised shares of Adient from a “neutral” rating to a “buy” rating and boosted their price target for the company from $30.00 to $33.00 in a research report on Wednesday, April 15th. Wells Fargo & Company upped their price objective on shares of Adient from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. UBS Group raised their price objective on shares of Adient from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Adient from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $28.11.

Adient Trading Down 0.5%

Shares of Adient stock opened at $19.68 on Monday. The stock has a market cap of $1.54 billion, a P/E ratio of 27.73, a P/E/G ratio of 0.38 and a beta of 1.53. The stock’s 50 day simple moving average is $20.91 and its 200-day simple moving average is $21.55. Adient has a 1-year low of $17.68 and a 1-year high of $27.32. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. Adient had a return on equity of 7.28% and a net margin of 0.39%.The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same period in the prior year, the business earned $0.69 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. Analysts predict that Adient will post 2.13 EPS for the current fiscal year.

Insider Transactions at Adient

In other Adient news, EVP Heather M. Tiltmann sold 22,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $22.71, for a total transaction of $499,620.00. Following the completion of the sale, the executive vice president owned 110,886 shares of the company’s stock, valued at $2,518,221.06. This trade represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.94% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Adient

A number of hedge funds have recently modified their holdings of ADNT. Vanguard Group Inc. raised its holdings in Adient by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 4,684,882 shares of the company’s stock valued at $89,809,000 after buying an additional 208,938 shares during the period. Dimensional Fund Advisors LP boosted its stake in Adient by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,384,904 shares of the company’s stock worth $88,614,000 after buying an additional 211,843 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Adient by 17.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,293,353 shares of the company’s stock worth $46,349,000 after buying an additional 336,306 shares during the period. UBS Group AG increased its position in shares of Adient by 12.9% during the fourth quarter. UBS Group AG now owns 1,848,690 shares of the company’s stock valued at $35,439,000 after acquiring an additional 210,758 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Adient by 38.6% during the fourth quarter. Invesco Ltd. now owns 1,599,937 shares of the company’s stock valued at $30,671,000 after acquiring an additional 445,343 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Adient Company Profile

Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient’s product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.