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

by · The Cerbat Gem

Adient (NYSE:ADNT – Get Free Report) EVP Heather Tiltmann sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $22.71, for a total transaction of $499,620.00. Following the completion of the transaction, the executive vice president directly owned 110,886 shares of the company’s stock, valued at approximately $2,518,221.06. This trade represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Adient Stock Down 3.6%

ADNT opened at $22.01 on Friday. The company has a 50 day moving average of $21.42 and a 200 day moving average of $21.30. The company has a market cap of $1.73 billion, a PE ratio of 30.99, a price-to-earnings-growth 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. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 1.18.

Adient (NYSE:ADNT – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.44 by $0.08. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.62 billion. Adient had a net margin of 0.39% and a return on equity of 7.28%. Adient’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS. On average, sell-side analysts expect that Adient will post 2.1 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on ADNT. Weiss Ratings upgraded shares of Adient from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Bank of America began coverage on shares of Adient in a research report on Wednesday, March 4th. They set an “underperform” rating and a $22.00 price target for the company. UBS Group boosted their price target on shares of Adient from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. reduced their price target on shares of Adient from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $31.00 price target on shares of Adient in a research report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Adient has a consensus rating of “Hold” and an average price target of $28.00.

Get Our Latest Research Report on Adient

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Adient by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 4,684,882 shares of the company’s stock worth $89,809,000 after acquiring an additional 208,938 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Adient by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,384,904 shares of the company’s stock valued at $88,614,000 after purchasing an additional 211,843 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Adient by 17.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,293,353 shares of the company’s stock valued at $46,349,000 after purchasing an additional 336,306 shares during the last quarter. UBS Group AG increased its position in shares of Adient by 12.9% during the 4th quarter. UBS Group AG now owns 1,848,690 shares of the company’s stock valued at $35,439,000 after purchasing an additional 210,758 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Adient by 38.6% during the 4th quarter. Invesco Ltd. now owns 1,599,937 shares of the company’s stock valued at $30,671,000 after purchasing an additional 445,343 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

About Adient

(Get Free Report)

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.

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