Adient Sees Unusually High Options Volume (ADNT)

Adient PLC (NYSE:ADNT) was the target of unusually large options trading activity on Tuesday. Investors bought 2,012 call options on the company. This represents an increase of 764% compared to the average daily volume of 233 call options.

Shares of Adient (NYSE ADNT) opened at $79.14 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.87. Adient has a 52-week low of $51.74 and a 52-week high of $86.42. The company has a market capitalization of $7,348.38 and a P/E ratio of 8.33.

Adient (NYSE:ADNT) last released its quarterly earnings data on Thursday, November 2nd. The company reported $2.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.13. Adient had a return on equity of 22.48% and a net margin of 5.47%. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same quarter in the prior year, the firm posted $2.15 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. sell-side analysts forecast that Adient will post 10.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, January 18th will be given a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, January 17th. This represents a $1.10 annualized dividend and a yield of 1.39%. Adient’s dividend payout ratio is presently 11.62%.

A number of equities research analysts have recently weighed in on ADNT shares. UBS boosted their price target on Adient from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Royal Bank Of Canada restated a “buy” rating and set a $96.00 price target on shares of Adient in a research note on Wednesday, October 18th. Robert W. Baird restated a “buy” rating on shares of Adient in a research note on Tuesday, October 17th. Zacks Investment Research upgraded Adient from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Monday, October 2nd. Finally, Barclays boosted their price target on Adient to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $80.44.

In other Adient news, Director Raymond L. Conner purchased 3,000 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were acquired at an average price of $73.91 per share, for a total transaction of $221,730.00. Following the completion of the purchase, the director now owns 5,270 shares of the company’s stock, valued at $389,505.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Cathleen A. Ebacher sold 2,584 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $79.13, for a total value of $204,471.92. Following the sale, the vice president now owns 36,454 shares in the company, valued at approximately $2,884,605.02. The disclosure for this sale can be found here. Insiders sold 79,525 shares of company stock valued at $6,242,744 over the last quarter. 0.14% of the stock is currently owned by corporate insiders.

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Adient 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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