Adient (NYSE:ADNT) Upgraded at BNP Paribas Exane

BNP Paribas Exane upgraded shares of Adient (NYSE:ADNT) from a neutral rating to an outperform rating in a report issued on Thursday morning, MarketBeat.com reports. They currently have $26.00 target price on the stock.

ADNT has been the subject of several other reports. Barclays raised their target price on shares of Adient from $26.00 to $29.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Citigroup upgraded shares of Adient from a “neutral” rating to a “buy” rating and increased their price target for the company from $30.00 to $33.00 in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Adient from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Weiss Ratings raised shares of Adient from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Adient from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Adient has a consensus rating of “Hold” and a consensus price target of $27.90.

Adient Trading Down 4.0%

Adient stock opened at $21.01 on Thursday. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 0.41 and a beta of 1.53. The firm has a 50-day moving average of $20.85 and a 200-day moving average of $21.62. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91. Adient has a one year low of $17.68 and a one year high of $27.32.

Adient (NYSE:ADNT) last released its earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter in the previous year, the business earned $0.69 earnings per share. Adient’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities analysts expect that Adient will post 2.13 earnings per share for the current fiscal year.

Insider Transactions at Adient

In other Adient news, EVP Heather M. Tiltmann sold 22,000 shares of Adient stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $22.71, for a total transaction of $499,620.00. Following the completion of the transaction, the executive vice president directly owned 110,886 shares of the company’s stock, valued at $2,518,221.06. The trade was a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.94% of the stock is owned by corporate insiders.

Institutional Trading of Adient

A number of hedge funds have recently modified their holdings of ADNT. Arrowstreet Capital Limited Partnership boosted its stake in Adient by 61.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,890,233 shares of the company’s stock valued at $45,517,000 after purchasing an additional 718,538 shares during the period. SG Americas Securities LLC grew its holdings in Adient by 117.8% in the 1st quarter. SG Americas Securities LLC now owns 913,585 shares of the company’s stock valued at $18,464,000 after buying an additional 494,054 shares in the last quarter. Engineers Gate Manager LP grew its holdings in Adient by 311.5% in the 4th quarter. Engineers Gate Manager LP now owns 636,138 shares of the company’s stock valued at $12,195,000 after buying an additional 481,538 shares in the last quarter. Invesco Ltd. increased its position in Adient by 38.6% during the 4th quarter. Invesco Ltd. now owns 1,599,937 shares of the company’s stock worth $30,671,000 after buying an additional 445,343 shares during the period. Finally, AQR Capital Management LLC increased its position in Adient by 143.3% during the 2nd quarter. AQR Capital Management LLC now owns 581,242 shares of the company’s stock worth $11,276,000 after buying an additional 342,329 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.