Stock Traders Buy High Volume of Call Options on Adient (ADNT)

Adient PLC (NYSE:ADNT) was the recipient of some unusual options trading on Thursday. Stock investors purchased 1,802 call options on the company. This represents an increase of approximately Infinity compared to the average daily volume of 0 call options.

Shares of Adient (ADNT) traded down $0.67 during mid-day trading on Wednesday, reaching $78.26. The company had a trading volume of 518,152 shares, compared to its average volume of 846,829. The stock has a market capitalization of $7,271.11 and a PE ratio of 8.24. Adient has a 12 month low of $51.74 and a 12 month high of $86.42. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.87 and a current ratio of 1.04.

Adient (NYSE:ADNT) last released its earnings results on Thursday, November 2nd. The company reported $2.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.13. Adient had a return on equity of 22.48% and a net margin of 5.47%. The business had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the previous year, the company posted $2.15 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. equities research analysts predict that Adient will post 10.02 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, January 18th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, January 17th. Adient’s dividend payout ratio (DPR) is 11.62%.

Several brokerages have weighed in on ADNT. Morgan Stanley boosted their price objective on Adient from $85.00 to $99.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays boosted their price objective on Adient to $85.00 and gave the company an “equal weight” rating in a research report on Friday, October 20th. Robert W. Baird reduced their target price on Adient from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Royal Bank Of Canada reissued a “buy” rating and set a $96.00 target price on shares of Adient in a research note on Wednesday, October 18th. Finally, Zacks Investment Research cut Adient from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $80.44.

In other news, Director Raymond L. Conner bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was bought at an average price of $73.91 per share, for a total transaction of $221,730.00. Following the transaction, the director now directly owns 5,270 shares of the company’s stock, valued at approximately $389,505.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Cathleen A. Ebacher sold 9,184 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $78.40, for a total value of $720,025.60. Following the completion of the sale, the vice president now owns 38,187 shares of the company’s stock, valued at approximately $2,993,860.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,525 shares of company stock valued at $6,242,744. Corporate insiders own 0.14% of the company’s stock.

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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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