Adient (ADNT) Shares Up 5.3% Following Insider Buying Activity

Adient PLC (NYSE:ADNT) shares shot up 5.3% during mid-day trading on Monday after an insider bought additional shares in the company. The company traded as high as $65.03 and last traded at $63.91. 1,765,298 shares were traded during trading, a decline of 3% from the average session volume of 1,826,445 shares. The stock had previously closed at $60.70.

Specifically, VP Cathleen A. Ebacher sold 9,184 shares of the company’s 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 transaction, the vice president now directly owns 38,187 shares in the company, valued at approximately $2,993,860.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman R Bruce Mcdonald sold 67,757 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were 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. Insiders sold a total of 79,525 shares of company stock worth $6,242,744 over the last quarter. Insiders own 0.70% of the company’s stock.

A number of research firms have issued reports on ADNT. Zacks Investment Research lowered shares of Adient from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Royal Bank of Canada reduced their target price on shares of Adient to $70.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 30th. Morgan Stanley upped their target price on shares of Adient from $85.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, December 5th. Barclays upped their target price on shares of Adient to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. Finally, UBS Group reduced their target price on shares of Adient from $98.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Adient presently has an average rating of “Hold” and an average target price of $72.09.

The company has a current ratio of 1.02, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $5,820.00 and a P/E ratio of 11.48.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Monday, January 29th. The company reported $1.06 EPS for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.79). Adient had a net margin of 3.19% and a return on equity of 18.72%. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period in the prior year, the company earned $2.12 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. research analysts anticipate that Adient PLC will post 7.51 EPS for the current year.

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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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