Adient (NYSE:ADNT) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Adient plc (NYSE:ADNT)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $17.21 and traded as low as $16.92. Adient shares last traded at $16.96, with a volume of 666,446 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Morgan Stanley dropped their price objective on shares of Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. StockNews.com downgraded shares of Adient from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Bank of America downgraded shares of Adient from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $30.00 to $24.00 in a report on Thursday, November 21st. Finally, Wells Fargo & Company downgraded shares of Adient from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $27.00 to $20.00 in a report on Monday, December 16th. One analyst has rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.88.

Adient Price Performance

The company’s fifty day moving average is $17.21 and its two-hundred day moving average is $19.70. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 847.75, a price-to-earnings-growth ratio of 0.35 and a beta of 2.18. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11.

Adient (NYSE:ADNT) last issued its earnings results on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the company posted $0.31 earnings per share. Equities research analysts anticipate that Adient plc will post 1.76 earnings per share for the current fiscal year.

Insider Transactions at Adient

In related news, EVP James Conklin sold 11,500 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total transaction of $232,875.00. Following the completion of the transaction, the executive vice president now owns 51,829 shares in the company, valued at approximately $1,049,537.25. This represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Creative Planning lifted its stake in Adient by 138.1% in the third quarter. Creative Planning now owns 36,708 shares of the company’s stock valued at $828,000 after acquiring an additional 21,291 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Adient by 493.8% during the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock worth $49,000 after buying an additional 1,822 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Adient by 66.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 42,200 shares of the company’s stock worth $952,000 after buying an additional 16,800 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Adient by 402.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 49,755 shares of the company’s stock worth $1,122,000 after buying an additional 39,851 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Adient by 583.8% during the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $42,000 after buying an additional 1,588 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

About Adient

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.