Adient (NYSE:ADNT) EVP Heather Tiltmann Sells 22,000 Shares

Adient (NYSE:ADNT) EVP Heather Tiltmann sold 22,000 shares of the company’s 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 sale, the executive vice president directly owned 110,886 shares in the company, valued at $2,518,221.06. This trade represents a 16.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Adient Trading Down 3.6%

ADNT traded down $0.83 during trading on Friday, reaching $22.01. 771,867 shares of the stock traded hands, 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. The stock’s 50-day moving average is $21.41 and its 200 day moving average is $21.29. The stock has a market capitalization of $1.73 billion, a PE ratio of 30.99, a P/E/G ratio of 0.44 and a beta of 1.50. Adient has a 12 month low of $15.86 and a 12 month high of $27.32.

Adient (NYSE:ADNT) last posted its earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. Adient had a net margin of 0.39% and a return on equity of 7.28%. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Equities analysts anticipate that Adient will post 2.1 earnings per share for the current year.

Institutional Investors Weigh In On Adient

Several hedge funds have recently added to or reduced their stakes in ADNT. Hantz Financial Services Inc. lifted its stake in Adient by 62.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock valued at $27,000 after buying an additional 439 shares in the last quarter. Parallel Advisors LLC increased its holdings 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. PNC Financial Services Group Inc. lifted its stake in Adient by 10.3% during the first quarter. PNC Financial Services Group Inc. now owns 7,538 shares of the company’s stock valued at $152,000 after buying an additional 705 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Adient by 17.2% in the fourth quarter. GAMMA Investing LLC now owns 5,199 shares of the company’s stock valued at $100,000 after purchasing an additional 764 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Adient by 9.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 10,162 shares of the company’s stock valued at $193,000 after purchasing an additional 866 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADNT has been the topic of a number of research analyst reports. Weiss Ratings upgraded Adient from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $31.00 target price on shares of Adient in a report on Thursday, May 7th. UBS Group raised their target price on shares of Adient from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. reduced their price objective 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, Stifel Nicolaus set a $28.00 target price on Adient in a report on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $28.00.

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.