Insider Selling: Adient PLC (ADNT) Insider Sells $91,922.60 in Stock
Adient PLC (NASDAQ:ADNT) insider Byron S. Foster sold 1,316 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $69.85, for a total transaction of $91,922.60. Following the sale, the insider now directly owns 67,845 shares of the company’s stock, valued at approximately $4,738,973.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Adient PLC (ADNT) traded down 1.04% during mid-day trading on Friday, hitting $68.30. 233,570 shares of the stock traded hands. The firm has a 50 day moving average of $67.23 and a 200 day moving average of $67.77. The company’s market cap is $6.36 billion. Adient PLC has a 12 month low of $39.66 and a 12 month high of $76.09.
Adient PLC (NASDAQ:ADNT) last released its quarterly earnings results on Thursday, July 27th. The company reported $2.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.02. Adient PLC had a net margin of 5.63% and a return on equity of 21.65%. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the company earned $2.43 EPS. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. Equities analysts anticipate that Adient PLC will post $9.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Wednesday, July 26th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, July 24th. This represents a $1.10 annualized dividend and a dividend yield of 1.61%.
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ADNT has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Adient PLC from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a report on Wednesday, May 3rd. Bank of America Corporation reaffirmed an “underperform” rating and issued a $40.00 target price (down previously from $50.00) on shares of Adient PLC in a report on Friday, June 16th. Morgan Stanley dropped their target price on shares of Adient PLC from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, June 9th. Barclays PLC reaffirmed a “hold” rating and issued a $68.00 target price on shares of Adient PLC in a report on Thursday, May 11th. Finally, Royal Bank Of Canada upped their target price on shares of Adient PLC from $84.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $62.87.
Adient PLC 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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