David Herberg Sells 699 Shares of Adient (NYSE:ADNT) Stock

Adient (NYSE:ADNT) EVP David Herberg sold 699 shares of Adient 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 sale, the executive vice president directly owned 40,122 shares of the company’s stock, valued at $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 available at this hyperlink.

Adient Stock Performance

Shares of Adient stock traded down $0.83 on Friday, reaching $22.01. 771,867 shares of the stock were exchanged, compared to its average volume of 1,027,206. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18. Adient has a twelve month low of $15.86 and a twelve month high of $27.32. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 0.44 and a beta of 1.50. The business has a 50 day moving average price of $21.41 and a two-hundred day moving average price of $21.29.

Adient (NYSE:ADNT) last released its earnings results on Wednesday, May 6th. The company reported $0.52 EPS for the quarter, topping 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 firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue was up 7.0% compared to the same quarter last year. Analysts anticipate that Adient will post 2.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ADNT has been the subject of several recent research reports. Stifel Nicolaus set a $28.00 price target on Adient in a research report on Thursday, May 7th. Weiss Ratings upgraded Adient from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Citigroup upgraded Adient from a “neutral” rating to a “buy” rating and lifted their price target for the company from $30.00 to $33.00 in a research report on Wednesday, April 15th. JPMorgan Chase & Co. reduced their price target on Adient from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Finally, UBS Group lifted their price target on Adient from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Five equities research 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $28.00.

Institutional Trading of Adient

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC increased its position in shares of Adient by 19.4% in the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock valued at $64,000 after buying an additional 517 shares in the last quarter. Glenmede Trust Co. NA purchased a new stake in shares of Adient in the first quarter valued at approximately $274,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Adient in the first quarter valued at approximately $1,404,000. Bank of America Corp DE increased its position in shares of Adient by 61.7% in the first quarter. Bank of America Corp DE now owns 792,543 shares of the company’s stock valued at $16,017,000 after buying an additional 302,538 shares in the last quarter. Finally, Amundi increased its position in shares of Adient by 21.7% in the first quarter. Amundi now owns 143,022 shares of the company’s stock valued at $2,890,000 after buying an additional 25,541 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

About Adient

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.