Adient (NYSE:ADNT) Hits New 12-Month High – Still a Buy?

Adient (NYSE:ADNT)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $27.20 and last traded at $26.6930, with a volume of 1027896 shares traded. The stock had previously closed at $25.93.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ADNT shares. Wall Street Zen raised Adient from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Citigroup increased their price target on shares of Adient from $22.50 to $30.00 and gave the stock a “neutral” rating in a research note on Monday. Barclays raised their price objective on shares of Adient from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Adient in a report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Adient from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Thursday, February 5th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $27.44.

Adient Price Performance

The company has a market cap of $2.09 billion, a price-to-earnings ratio of -7.37, a PEG ratio of 0.68 and a beta of 1.61. The company has a 50-day simple moving average of $20.88 and a 200-day simple moving average of $22.13. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.88 and a current ratio of 1.09.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.19 by $0.16. Adient had a positive return on equity of 8.18% and a negative net margin of 2.06%.The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same period last year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, research analysts predict that Adient will post 1.76 earnings per share for the current year.

Insiders Place Their Bets

In other Adient news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $19.71, for a total value of $49,275.00. Following the completion of the transaction, the executive vice president directly owned 116,425 shares of the company’s stock, valued at approximately $2,294,736.75. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.94% of the company’s stock.

Institutional Trading of Adient

Several large investors have recently bought and sold shares of the company. Hantz Financial Services Inc. raised its stake in shares of Adient by 62.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock worth $27,000 after buying an additional 439 shares during the last quarter. Leonteq Securities AG purchased a new position in Adient during the 4th quarter valued at about $30,000. Quarry LP raised its position in Adient by 163.9% during the third quarter. Quarry LP now owns 2,304 shares of the company’s stock worth $55,000 after acquiring an additional 1,431 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Adient during the second quarter worth about $63,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Adient in the fourth quarter valued at about $64,000. 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.