Investors Buy Large Volume of Adient Call Options (ADNT)

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Adient PLC (NYSE:ADNT) was the recipient of unusually large options trading on Thursday. Stock traders acquired 9,815 call options on the company. This represents an increase of approximately 2,081% compared to the typical volume of 450 call options.

Adient stock opened at $13.97 on Friday. The company has a market cap of $1.30 billion, a PE ratio of 2.49, a price-to-earnings-growth ratio of 0.54 and a beta of 2.17. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.00 and a quick ratio of 0.77. Adient has a 52 week low of $13.87 and a 52 week high of $67.10.

Adient (NYSE:ADNT) last released its earnings results on Thursday, February 7th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.17). The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.17 billion. Adient had a negative net margin of 8.54% and a positive return on equity of 13.15%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 earnings per share. As a group, analysts forecast that Adient will post 2.32 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the stock. American International Group Inc. raised its position in shares of Adient by 0.3% during the 4th quarter. American International Group Inc. now owns 177,164 shares of the company’s stock valued at $2,668,000 after acquiring an additional 523 shares in the last quarter. Arizona State Retirement System raised its position in shares of Adient by 1.1% during the 4th quarter. Arizona State Retirement System now owns 62,342 shares of the company’s stock valued at $939,000 after acquiring an additional 684 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of Adient by 7.4% during the 4th quarter. D.A. Davidson & CO. now owns 10,306 shares of the company’s stock valued at $155,000 after acquiring an additional 709 shares in the last quarter. Commonwealth Bank of Australia raised its position in shares of Adient by 3.6% during the 4th quarter. Commonwealth Bank of Australia now owns 25,913 shares of the company’s stock valued at $390,000 after acquiring an additional 900 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Adient by 6.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 22,060 shares of the company’s stock valued at $332,000 after acquiring an additional 1,299 shares in the last quarter.

A number of equities analysts have weighed in on the company. KeyCorp assumed coverage on Adient in a report on Monday, December 10th. They issued an “underweight” rating and a $18.00 price target for the company. Longbow Research reiterated a “buy” rating and set a $28.00 target price on shares of Adient in a research note on Monday, January 28th. Morgan Stanley set a $16.00 target price on Adient and gave the company a “sell” rating in a research note on Tuesday, January 29th. Seaport Global Securities assumed coverage on Adient in a research note on Wednesday, February 13th. They set a “neutral” rating for the company. Finally, Royal Bank of Canada cut Adient from a “sector perform” rating to an “underperform” rating and reduced their target price for the company from $17.00 to $16.00 in a research note on Wednesday, January 23rd. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $31.00.

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Adient Company Profile

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.

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