Adient (NYSE:ADNT) Stock Price Down 7.1% – What’s Next?

Adient (NYSE:ADNT)’s stock price fell 7.1% during mid-day trading on Monday . The stock traded as low as $18.54 and last traded at $18.5970. Approximately 286,726 shares were traded during mid-day trading, a decline of 72% from the average session volume of 1,032,396 shares. The stock had previously closed at $20.01.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ADNT shares. Barclays increased their price target on shares of Adient from $26.00 to $29.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Adient in a report on Thursday, May 7th. Stifel Nicolaus set a $28.00 price objective on shares of Adient in a research note on Thursday, May 7th. Wells Fargo & Company raised their target price on shares of Adient from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Finally, Weiss Ratings upgraded shares of Adient from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $28.44.

Adient Price Performance

The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 0.35 and a beta of 1.50. The stock has a fifty day simple moving average of $21.57 and a 200-day simple moving average of $21.54. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.62 billion. Adient had a net margin of 0.39% and a return on equity of 7.28%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.69 EPS. On average, equities research analysts anticipate that Adient will post 2.1 EPS for the current year.

Insider Buying and Selling

In other Adient news, EVP Heather M. Tiltmann sold 22,000 shares of Adient stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $22.71, for a total value of $499,620.00. Following the completion of the transaction, the executive vice president owned 110,886 shares of the company’s stock, valued at approximately $2,518,221.06. The trade was a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Adient

Several hedge funds have recently modified their holdings of ADNT. Leonteq Securities AG acquired a new position in Adient in the 4th quarter worth about $30,000. Quarry LP grew its holdings in Adient by 163.9% in the third quarter. Quarry LP now owns 2,304 shares of the company’s stock valued at $55,000 after purchasing an additional 1,431 shares during the period. Raymond James Financial Inc. acquired a new stake in Adient in the second quarter valued at approximately $63,000. Parallel Advisors LLC increased its position in shares of Adient by 19.4% in the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock valued at $64,000 after buying an additional 517 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Adient in the fourth quarter valued at approximately $64,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

About Adient

Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient’s product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.