Adient plc (NYSE: ADNT) is 0.46% higher on its value in year-to-date trading and has touched a low of $16.28 and a high of $36.04 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ADNT stock was last observed hovering at around $17.14 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $17.31, the stock is 0.75% and -5.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.84 million and changing 0.99% at the moment leaves the stock -24.50% off its SMA200. ADNT registered -49.30% loss for a year compared to 6-month loss of -31.04%. The firm has a 50-day simple moving average (SMA 50) of $18.4158 and a 200-day simple moving average (SMA200) of $23.0001.
The stock witnessed a 2.06% gain in the last 1 month and extending the period to 3 months gives it a -18.69%, and is 0.99% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.44% over the week and 3.78% over the month.
Adient plc (ADNT) has around 70000 employees, a market worth around $1.45B and $14.69B in sales. Current P/E ratio is 75.49 and Fwd P/E is 6.46. Profit margin for the company is 0.12%. Distance from 52-week low is 6.33% and -51.97% from its 52-week high. The company has generated returns on investments over the last 12 months (0.38%).
with sales reaching $3.45B over the same period.The EPS is expected to shrink by -3.13% this year, but quarterly earnings will post -4.09% year-over-year. Quarterly sales are estimated to shrink -5.78% in year-over-year returns.
Adient plc (ADNT) Top Institutional Holders
356.0 institutions hold shares in Adient plc (ADNT), with institutional investors hold 104.69% of the company’s shares. The shares outstanding are 84.87M, and float is at 82.01M with Short Float at 5.22%. Institutions hold 103.78% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 13.32 million shares valued at $329.19 million. The investor’s holdings represent 14.7205% of the ADNT Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 13.24 million shares valued at $327.17 million to account for 14.6304 of the shares outstanding. The other top investors are ALLIANCEBERNSTEIN L.P. which holds 5.16 million shares representing 5.6968% and valued at over $127.4 million, while DIMENSIONAL FUND ADVISORS LP holds 5.6111 of the shares totaling 5.08 million with a market value of $125.48 million.
Adient plc (ADNT) Insider Activity
The most recent transaction is an insider sale by Conklin James, the company’s EVP, Americas. SEC filings show that Conklin James sold 11,500 shares of the company’s common stock on Dec 04 ’24 at a price of $20.25 per share for a total of $0.23 million. Following the sale, the insider now owns 51829.0 shares.
Still, SEC filings show that on May 15 ’24, Smith Gregory Scott (SVP & Chief Accounting Officer) disposed off 1,000 shares at an average price of $29.47 for $29470.0. The insider now directly holds 15,399 shares of Adient plc (ADNT).
