Adient (NYSE:ADNT) Shares Down 4.8%

Adient plc (NYSE:ADNT) fell 4.8% during mid-day trading on Wednesday . The company traded as low as $19.83 and last traded at $19.87. 392,596 shares traded hands during trading, a decline of 65% from the average session volume of 1,127,527 shares. The stock had previously closed at $20.88.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $24.00 price objective on shares of Adient in a report on Tuesday. Wolfe Research assumed coverage on Adient in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Morgan Stanley dropped their price objective on shares of Adient from $32.00 to $21.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 14th. Barclays lowered their price target on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Adient from $31.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Adient currently has a consensus rating of “Hold” and an average target price of $27.25.

Adient Trading Up 3.1 %

The company has a fifty day moving average of $22.94 and a 200-day moving average of $27.28. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 0.53 and a beta of 2.16. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08.

Adient (NYSE:ADNT) last released its earnings results on Tuesday, August 6th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.30). The business had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Adient had a return on equity of 6.34% and a net margin of 0.50%. Adient’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 EPS. As a group, equities research analysts anticipate that Adient plc will post 1.77 earnings per share for the current fiscal year.

Institutional Trading of Adient

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Adient by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 889,242 shares of the company’s stock worth $32,333,000 after buying an additional 21,323 shares during the last quarter. BNP Paribas Financial Markets raised its position in Adient by 30.3% in the fourth quarter. BNP Paribas Financial Markets now owns 78,454 shares of the company’s stock valued at $2,853,000 after purchasing an additional 18,234 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Adient by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,017,402 shares of the company’s stock valued at $182,434,000 after purchasing an additional 196,857 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Adient during the 4th quarter worth $376,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Adient during the 4th quarter worth about $499,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Adient Company Profile

Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers.