Adient (NYSE:ADNT) EVP Sells $15,783.42 in Stock

Adient (NYSE:ADNTGet Free Report) EVP David Herberg sold 699 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $22.58, for a total value of $15,783.42. Following the completion of the transaction, the executive vice president directly owned 40,122 shares of the company’s stock, valued at approximately $905,954.76. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Adient Stock Performance

NYSE ADNT opened at $22.01 on Monday. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 0.43 and a beta of 1.50. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average price of $21.42 and a 200-day moving average price of $21.31. Adient has a twelve month low of $15.86 and a twelve month high of $27.32.

Adient (NYSE:ADNTGet Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.62 billion. Adient had a return on equity of 7.28% and a net margin of 0.39%.The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share. As a group, equities research analysts predict that Adient will post 2.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Adient

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADNT. Royal Bank of Canada raised its position in Adient by 11.6% during the first quarter. Royal Bank of Canada now owns 22,429 shares of the company’s stock valued at $289,000 after purchasing an additional 2,331 shares during the period. AQR Capital Management LLC raised its position in Adient by 171.1% during the first quarter. AQR Capital Management LLC now owns 238,913 shares of the company’s stock valued at $2,977,000 after purchasing an additional 150,792 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Adient during the first quarter valued at approximately $236,000. First Trust Advisors LP raised its position in Adient by 6.8% during the second quarter. First Trust Advisors LP now owns 273,823 shares of the company’s stock valued at $5,329,000 after purchasing an additional 17,400 shares during the period. Finally, Amundi purchased a new stake in Adient during the second quarter valued at approximately $269,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Bank of America assumed coverage on Adient in a research report on Wednesday, March 4th. They issued an “underperform” rating and a $22.00 target price on the stock. Barclays boosted their target price on Adient from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. UBS Group boosted their target price on Adient from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Wells Fargo & Company decreased their target price on Adient from $29.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Finally, Stifel Nicolaus set a $28.00 target price on Adient in a research report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $28.00.

View Our Latest Research Report on Adient

Adient Company Profile

(Get Free Report)

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.

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