Adient (NYSE:ADNT) Sets New 1-Year Low – Time to Sell?

Adient plc (NYSE:ADNT) reached a new 52-week low on Monday . The company traded as low as $15.71 and last traded at $16.36, with a volume of 262239 shares changing hands. The stock had previously closed at $17.43.

Wall Street Analyst Weigh In

ADNT has been the topic of a number of analyst reports. Bank of America lowered Adient from a “buy” rating to a “neutral” rating and reduced their price target for the company from $30.00 to $24.00 in a research report on Thursday, November 21st. UBS Group lifted their target price on shares of Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Barclays cut their price target on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Wells Fargo & Company lowered Adient from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $27.00 to $20.00 in a research report on Monday, December 16th. Finally, StockNews.com lowered Adient from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $21.88.

Adient Price Performance

The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86. The business’s fifty day moving average price is $17.84 and its 200-day moving average price is $20.35. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 845.25, a PEG ratio of 0.33 and a beta of 2.18.

Adient (NYSE:ADNT) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same period last year, the company posted $0.31 EPS. On average, research analysts forecast that Adient plc will post 1.89 EPS for the current year.

Insider Activity at Adient

In other news, EVP James Conklin sold 11,500 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total transaction of $232,875.00. Following the completion of the sale, the executive vice president now directly owns 51,829 shares of the company’s stock, valued at $1,049,537.25. This trade represents a 18.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Adient

Several institutional investors have recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Adient by 9.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock valued at $117,298,000 after acquiring an additional 442,200 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Adient by 38,074.9% in the third quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company’s stock worth $116,110,000 after buying an additional 5,130,969 shares during the period. State Street Corp lifted its position in Adient by 4.8% in the third quarter. State Street Corp now owns 3,443,471 shares of the company’s stock valued at $77,719,000 after purchasing an additional 158,017 shares during the last quarter. Pzena Investment Management LLC raised its holdings in Adient by 45.0% during the 3rd quarter. Pzena Investment Management LLC now owns 2,825,491 shares of the company’s stock valued at $63,771,000 after buying an additional 877,142 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Adient by 6.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 963,446 shares of the company’s stock valued at $21,745,000 after purchasing an additional 55,387 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

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.