Adient PLC (NYSE:ADNT) announced a quarterly dividend on Tuesday, November 7th, Zacks reports. Investors of record on Thursday, January 18th will be given a dividend of 0.275 per share on Thursday, February 15th. This represents a $1.10 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Wednesday, January 17th.
Adient has a payout ratio of 10.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Adient to earn $11.39 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 9.7%.
Shares of Adient (ADNT) opened at $83.59 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.87 and a current ratio of 1.04. The stock has a market capitalization of $7,610.00 and a P/E ratio of 8.94. Adient has a 52-week low of $59.10 and a 52-week high of $86.42.
ADNT has been the topic of several analyst reports. UBS Group increased their target price on Adient from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $96.00 target price on shares of Adient in a research report on Wednesday, October 18th. Robert W. Baird reaffirmed a “buy” rating on shares of Adient in a research report on Tuesday, October 17th. Zacks Investment Research raised Adient from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Monday, October 2nd. Finally, Barclays increased their target price on Adient to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $83.22.
In other news, VP Cathleen A. Ebacher sold 2,584 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $79.13, for a total value of $204,471.92. Following the completion of the transaction, the vice president now owns 36,454 shares of the company’s stock, valued at $2,884,605.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Cathleen A. Ebacher sold 9,184 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $78.40, for a total value of $720,025.60. Following the completion of the transaction, the vice president now directly 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 three months, insiders sold 79,525 shares of company stock valued at $6,242,744. Company insiders own 0.14% of the company’s stock.
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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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