Adient Sees Unusually High Options Volume (NYSE:ADNT)

Adient PLC (NYSE:ADNT) was the recipient of some unusual options trading activity on Thursday. Traders bought 1,802 call options on the company. This represents an increase of Infinity compared to the typical daily volume of 0 call options.

In related news, VP Cathleen A. Ebacher sold 9,184 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $78.40, for a total value of $720,025.60. Following the sale, the vice president now owns 38,187 shares of the company’s stock, valued at approximately $2,993,860.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman R Bruce Mcdonald sold 67,757 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $78.49, for a total transaction of $5,318,246.93. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Adient (NYSE ADNT) traded down $0.30 during midday trading on Monday, hitting $78.10. 650,689 shares of the stock were exchanged, compared to its average volume of 849,539. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $7,299.04 and a price-to-earnings ratio of 8.27. Adient has a 1-year low of $51.74 and a 1-year high of $86.42.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.13. The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.85 billion. Adient had a net margin of 5.47% and a return on equity of 22.48%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.15 earnings per share. equities research analysts predict that Adient will post 10.02 EPS 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 given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.41%. The ex-dividend date is Wednesday, January 17th. Adient’s payout ratio is presently 11.62%.

A number of equities analysts recently issued reports on ADNT shares. UBS increased their target price on shares of Adient from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Royal Bank Of Canada restated a “buy” rating and set a $96.00 price objective on shares of Adient in a research report on Wednesday, October 18th. Robert W. Baird restated a “buy” rating on shares of Adient in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Adient from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Monday, October 2nd. Finally, Barclays raised their target price on shares of Adient to $85.00 and gave the stock an “equal weight” rating in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Adient presently has a consensus rating of “Buy” and a consensus target price of $78.89.

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About Adient

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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