A new trading data show Adient plc (ADNT) is showing positive returns.

Adient plc (NYSE: ADNT) stock fell -0.30% on Wednesday to $39.28 against a previous-day closing price of $39.40. With 0.77 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.72 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $39.61 whereas the lowest price it dropped to was $38.62. The 52-week range on ADNT shows that it touched its highest point at $50.96 and its lowest point at $27.15 during that stretch. It currently has a 1-year price target of $39.44. Beta for the stock currently stands at 2.66.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ADNT was up-trending over the past week, with a rise of 2.19%, but this was up by 13.86% over a month. Three-month performance surged to 11.65% while six-month performance rose 23.13%. The stock lost -19.38% in the past year, while it has lost -17.96% so far this year. A look at the trailing 12-month EPS for ADNT yields -1.27 with Next year EPS estimates of 4.31. For the next quarter, that number is 0.35. This implies an EPS growth rate of 298.50% for this year and 74.63% for next year. EPS is expected to grow by 34.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 22.00%.

Float and Shares Shorts:

At present, 94.80 million ADNT shares are outstanding with a float of 94.05 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.87 million, which was 4.08% higher than short shares on Sep 14, 2022. In addition to Mr. Douglas G. Del Grosso as the firm’s Pres, CEO & Director, Mr. Jeffrey M. Stafeil serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 101.65% of ADNT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 63.29% of ADNT, in contrast to 31.68% held by mutual funds. Shares owned by individuals account for 1.92%. As the largest shareholder in ADNT with 11.64% of the stake, Fidelity Management & Research Co holds 11,033,272 shares worth 11,033,272. A second-largest stockholder of ADNT, Capital Research & Management Co, holds 10,854,564 shares, controlling over 11.45% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in ADNT, holding 9,574,571 shares or 10.10% stake. With a 4.47% stake in ADNT, the American Funds Fundamental Invest is the largest stakeholder. A total of 4,238,879 shares are owned by the mutual fund manager. The American Funds Growth Fund of Ame, which owns about 3.63% of ADNT stock, is the second-largest Mutual Fund holder. It holds 3,437,538 shares valued at 120.25 million. American Funds Small Cap World Fu holds 3.23% of the stake in ADNT, owning 3,061,255 shares worth 107.08 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ADNT since 9 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ADNT analysts setting a high price target of $52.00 and a low target of $35.00, the average target price over the next 12 months is $41.00. Based on these targets, ADNT could surge 32.38% to reach the target high and fall by -10.9% to reach the target low. Reaching the average price target will result in a growth of 4.38% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ADNT will report FY 2023 earnings on 11/08/2023. Analysts have provided yearly estimates in a range of $3.05 being high and $1.14 being low. For ADNT, this leads to a yearly average estimate of $2.26. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Adient plc surprised analysts by $0.05 when it reported $0.53 EPS against a consensus estimate of $0.48. The surprise factor in the prior quarter was $0.12. Based on analyst estimates, the high estimate for the next quarter is $0.52 and the low estimate is $0.10. The average estimate for the next quarter is thus $0.35.

Summary of Insider Activity:

Insiders traded ADNT stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 12,810 shares were bought while 336 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 56,465 while 27,952 shares were sold.

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