Adient (NYSE:ADNT) PT Lowered to $30.00 at Deutsche Bank Aktiengesellschaft

Adient (NYSE:ADNT) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from $32.00 to $30.00 in a report issued on Monday, Benzinga reports. The firm currently has a hold rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company reduced their price target on shares of Adient from $38.00 to $33.00 and set an overweight rating for the company in a research report on Monday. Bank of America cut their target price on shares of Adient from $50.00 to $46.00 and set a buy rating for the company in a research report on Wednesday, April 10th. Barclays reiterated an equal weight rating and issued a $37.00 target price (down previously from $41.00) on shares of Adient in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of Adient from $40.00 to $37.00 and set a neutral rating for the company in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $39.63.

Adient Stock Up 2.9 %

Shares of NYSE:ADNT opened at $28.54 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.91 and a current ratio of 1.13. The company has a market cap of $2.60 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 0.29 and a beta of 2.39. Adient has a 52 week low of $26.97 and a 52 week high of $46.51. The firm has a 50 day simple moving average of $31.47 and a 200 day simple moving average of $33.16.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.39 by $0.15. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. Adient had a net margin of 1.04% and a return on equity of 8.72%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS. As a group, research analysts expect that Adient will post 2.53 earnings per share for the current year.

Insider Transactions at Adient

In other news, EVP Heather M. Tiltmann sold 10,000 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $33.68, for a total transaction of $336,800.00. Following the transaction, the executive vice president now owns 55,669 shares in the company, valued at approximately $1,874,931.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ADNT. Dimensional Fund Advisors LP grew its stake in Adient by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,017,402 shares of the company’s stock valued at $182,434,000 after buying an additional 196,857 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in Adient by 5.4% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 4,469,049 shares of the company’s stock valued at $162,495,000 after buying an additional 229,963 shares during the last quarter. Franklin Resources Inc. grew its stake in Adient by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 3,233,171 shares of the company’s stock valued at $117,558,000 after buying an additional 37,010 shares during the last quarter. Vanguard Group Inc. grew its stake in Adient by 9.9% in the 4th quarter. Vanguard Group Inc. now owns 2,732,345 shares of the company’s stock valued at $99,348,000 after buying an additional 246,038 shares during the last quarter. Finally, Pzena Investment Management LLC grew its stake in Adient by 8.9% in the 1st quarter. Pzena Investment Management LLC now owns 1,978,961 shares of the company’s stock valued at $65,147,000 after buying an additional 161,579 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Company Profile

Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers.