ADNT has been the topic of a number of other research reports. Zacks Investment Research cut Adient PLC from a buy rating to a hold rating in a report on Monday, November 6th. UBS AG lowered their price target on Adient PLC from $98.00 to $95.00 and set a buy rating on the stock in a report on Friday, November 3rd. Royal Bank Of Canada restated a buy rating and issued a $96.00 price target on shares of Adient PLC in a report on Wednesday, October 18th. Robert W. Baird lowered their price target on Adient PLC from $90.00 to $89.00 and set an outperform rating on the stock in a report on Friday, November 3rd. Finally, ValuEngine upgraded Adient PLC from a buy rating to a strong-buy rating in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $76.60.
Adient PLC (NASDAQ ADNT) traded down $1.44 on Friday, hitting $74.78. The company had a trading volume of 147,910 shares, compared to its average volume of 851,940. Adient PLC has a 1-year low of $44.33 and a 1-year high of $86.42.
Adient PLC (NASDAQ:ADNT) last released its quarterly earnings results on Thursday, November 2nd. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.13. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.85 billion. Adient PLC had a return on equity of 21.65% and a net margin of 5.63%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.15 EPS.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, January 18th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Wednesday, January 17th. Adient PLC’s dividend payout ratio (DPR) is presently -30.81%.
In other Adient PLC news, Director Raymond L. Conner purchased 3,000 shares of Adient PLC stock in a transaction on Wednesday, September 13th. The shares were bought at an average price of $73.91 per share, with a total value of $221,730.00. Following the purchase, the director now directly owns 5,270 shares in the company, valued at approximately $389,505.70. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Byron S. Foster sold 1,316 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $69.85, for a total value of $91,922.60. Following the transaction, the insider now directly owns 67,845 shares in the company, valued at approximately $4,738,973.25. The disclosure for this sale can be found here.
Adient PLC Company Profile
Adient plc, formerly Adient Limited, is an automotive seating supplier. The Company designs, manufactures and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles. The Company operates through two segments: Seating and Interiors.
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