Adient (NYSE:ADNT) Rating Lowered to Hold at StockNews.com

Adient (NYSE:ADNT) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

A number of other analysts have also issued reports on ADNT. Bank of America lowered Adient from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $24.00 to $18.00 in a research note on Tuesday. Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $27.00 to $20.00 in a research note on Monday, December 16th. UBS Group increased their target price on shares of Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Barclays lowered their price target on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.88.

Adient Price Performance

Shares of NYSE ADNT opened at $15.51 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08. The firm has a fifty day moving average of $16.97 and a 200 day moving average of $19.39. The firm has a market cap of $1.30 billion, a PE ratio of 775.25, a PEG ratio of 0.34 and a beta of 2.27. Adient has a one year low of $13.64 and a one year high of $35.94.

Adient (NYSE:ADNT) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same quarter last year, the company posted $0.31 EPS. As a group, research analysts predict that Adient will post 1.76 EPS for the current fiscal year.

Institutional Trading of Adient

Several institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. boosted its holdings in Adient by 38,074.9% during the third quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company’s stock worth $116,110,000 after buying an additional 5,130,969 shares in the last quarter. Pzena Investment Management LLC raised its holdings in Adient by 45.0% during the third quarter. Pzena Investment Management LLC now owns 2,825,491 shares of the company’s stock worth $63,771,000 after purchasing an additional 877,142 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Adient during the fourth quarter worth $11,395,000. Millennium Management LLC grew its holdings in Adient by 2,039.0% in the fourth quarter. Millennium Management LLC now owns 610,312 shares of the company’s stock valued at $10,516,000 after purchasing an additional 581,779 shares during the last quarter. Finally, HITE Hedge Asset Management LLC increased its position in shares of Adient by 122.4% in the fourth quarter. HITE Hedge Asset Management LLC now owns 816,286 shares of the company’s stock valued at $14,065,000 after buying an additional 449,272 shares in the last quarter. Hedge funds and other institutional investors 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.