Short interest in Adient plc (NYSE:ADNT) falls 12.0%

Adient plc (NYSE:ADNT – Get Free Report ) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 4,190,000 shares, a decrease of 12.0% from the August 15th total of 4,760,000 shares. Currently, 4.9% of the company’s shares are short sold. Based on an average daily trading volume of 1,290,000 shares, the days-to-cover ratio is currently 3.2 days.

Adient Institutional Trading

A number of institutional investors and hedge funds have recently bought and sold shares of ADNT. Charles Schwab Investment Management Inc. grew its position in Adient by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 889,242 shares of the company’s stock worth $32,333,000 after buying an additional 21,323 shares in the last quarter. BNP Paribas Financial Markets increased its position in Adient by 30.3% during the 4th quarter. BNP Paribas Financial Markets now owns 78,454 shares of the company’s stock worth $2,853,000 after acquiring an additional 18,234 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in Adient in the 4th quarter valued at approximately $376,000. Janney Montgomery Scott LLC purchased a new stake in Adient in the 4th quarter valued at about $499,000. Finally, Norges Bank acquired a new stake in Adient during the fourth quarter valued at about $18,040,000. Institutional investors and hedge funds own 92.44% of the company’s shares.

The Wall Street analyst weighs in

ADNT has been the subject of several recent analyst reports. Barclays decreased their target price on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. BNP Paribas raised shares of Adient from an “underperform” rating to a “neutral” rating and set a $26.00 target price on the stock in a research note on Monday, July 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $24.00 target price on shares of Adient in a research note on Tuesday, September 10th. Bank of America decreased their target price on shares of Adient from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, Morgan Stanley cut their price target on shares of Adient from $32.00 to $21.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.25, based on data from MarketBeat.

Get the latest analysis on ADNT

Adient Trading Up 0.1%

Shares of ADNT stock traded up $0.03 during trading hours on Wednesday, hitting $21.69. 1,289,072 shares of the company traded hands, compared to its average volume of 1,131,655. The firm has a market cap of $1.95 billion, a PE ratio of 13.29, a PEG ratio of 0.53 and a beta of 2.16. Adient has a one year low of $19.40 and a one year high of $38.63. The company has a quick ratio of 0.87, a current ratio of 1.08, and a debt-to-equity ratio of 1.08. The firm has a fifty day moving average of $22.76 and a 200 day moving average of $26.92.

Adient (NYSE:ADNT – Get Your Free Report ) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.30). The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Adient had a return on equity of 6.34% and a net margin of 0.50%. The company’s revenue fell 8.4% year over year. In the same quarter last year, the company earned $0.98 per share. analysts expect that Adient will post 1.77 earnings per share for the current year.

About Adient

(Get a free report)

Adient plc is engaged in the design, development, manufacture and marketing of seating systems and components for passenger cars, commercial vehicles and light trucks. The company’s automotive seating solutions include complete seat systems, frames, mechanisms, foams, headrests, armrests and trim covers.

Read more

Get news and reviews for Adient Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Adient and related companies with MarketBeat.com’s FREE daily email newsletter.