Adient PLC (NASDAQ:ADNT) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Adient PLC (NYSE:ADNT) from a buy rating to a hold rating in a report published on Monday, November 6th.

According to Zacks, “Adient plc is an automotive seating supplier. The company produces and delivers automotive seating for vehicle classes and OEMs. It operates primarily in the Americas, Europe, Africa, the Asia Pacific and China. Adient plc is based in Dublin, Ireland. “

Several other equities analysts have also recently commented on ADNT. Royal Bank Of Canada reaffirmed a buy rating and set a $82.00 price target on shares of Adient in a research report on Monday, September 25th. ValuEngine raised shares of Adient from a buy rating to a strong-buy rating in a research report on Monday, October 16th. Robert W. Baird reiterated a buy rating on shares of Adient in a research note on Tuesday, October 17th. UBS AG increased their price objective on shares of Adient from $94.00 to $98.00 and gave the stock a buy rating in a research note on Thursday, October 19th. Finally, Barclays PLC increased their price objective on shares of Adient to $85.00 and gave the stock an equal weight rating in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $76.60.

Shares of Adient (NYSE ADNT) traded up $0.21 during mid-day trading on Monday, hitting $77.86. 189,612 shares of the stock traded hands, compared to its average volume of 788,383. The company has a quick ratio of 0.92, a current ratio of 1.09 and a debt-to-equity ratio of 0.83. Adient has a twelve month low of $51.74 and a twelve month high of $86.42. The company has a market capitalization of $7,229.21 and a PE ratio of 8.19.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.21 by $0.13. Adient had a net margin of 5.47% and a return on equity of 23.74%. The business had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter last year, the company posted $2.15 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. equities research analysts expect that Adient will post 10.02 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, January 18th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, January 17th. This represents a $1.10 annualized dividend and a yield of 1.41%. Adient’s dividend payout ratio (DPR) is 11.62%.

In other Adient news, Director Raymond L. Conner acquired 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were purchased at an average price of $73.91 per share, for a total transaction of $221,730.00. Following the completion of the purchase, the director now directly owns 5,270 shares in the company, valued at $389,505.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by corporate insiders.

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Adient Company Profile

Adient plc, formerly Adient Limited, is an automotive seating supplier. The Company designs, manufactures and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles. The Company operates through two segments: Seating and Interiors.

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