Adient (NYSE:ADNT) Stock Price Down 4.8% – Should You Sell?

Shares of Adient (NYSE:ADNT) traded down 4.8% on Friday . The company traded as low as $19.92 and last traded at $20.1340. 184,750 shares changed hands during trading, a decline of 86% from the average session volume of 1,322,438 shares. The stock had previously closed at $21.15.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ADNT shares. Bank of America increased their price objective on Adient from $17.50 to $20.00 and gave the stock an “underperform” rating in a research report on Wednesday, September 10th. Zacks Research lowered shares of Adient from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Citigroup dropped their price target on Adient from $25.00 to $22.50 and set a “neutral” rating for the company in a research report on Wednesday. UBS Group decreased their price objective on Adient from $28.00 to $22.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of Adient from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $22.69.

Adient Stock Down 4.8%

The company has a debt-to-equity ratio of 1.16, a current ratio of 1.12 and a quick ratio of 0.93. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -6.03, a price-to-earnings-growth ratio of 0.68 and a beta of 1.87. The firm’s 50-day moving average is $23.47 and its 200 day moving average is $20.96.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Wednesday, May 31st. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $3.51 billion for the quarter. Adient had a negative net margin of 1.93% and a positive return on equity of 7.81%. Sell-side analysts anticipate that Adient will post 1.76 earnings per share for the current fiscal year.

Institutional Trading of Adient

A number of institutional investors have recently modified their holdings of ADNT. Hotchkis & Wiley Capital Management LLC grew its stake in Adient by 22.4% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 4,500,736 shares of the company’s stock worth $57,879,000 after buying an additional 823,638 shares during the period. Vanguard Group Inc. boosted its position in Adient by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,475,944 shares of the company’s stock worth $107,781,000 after purchasing an additional 166,319 shares during the period. Dimensional Fund Advisors LP boosted its position in Adient by 8.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,215,764 shares of the company’s stock worth $101,517,000 after purchasing an additional 328,555 shares during the period. Pzena Investment Management LLC increased its holdings in Adient by 7.0% in the 2nd quarter. Pzena Investment Management LLC now owns 4,174,493 shares of the company’s stock valued at $81,236,000 after purchasing an additional 272,920 shares in the last quarter. Finally, HITE Hedge Asset Management LLC raised its position in Adient by 184.2% in the first quarter. HITE Hedge Asset Management LLC now owns 2,320,103 shares of the company’s stock valued at $29,837,000 after purchasing an additional 1,503,817 shares during the period. Hedge funds and other 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.