Adient (NYSE:ADNT) Sets New 12-Month Low – Time to Sell?

Adient (NYSE:ADNT)’s share price reached a new 52-week low on Friday. The stock traded as low as $16.35 and last traded at $16.2850, with a volume of 12,223 shares. The stock had previously closed at $17.19.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ADNT shares. Morgan Stanley reduced their price target on shares of Adient from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 18th. Barclays lowered their price objective on shares of Adient from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, October 9th. UBS Group dropped their price objective on Adient from $29.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $28.00 target price on shares of Adient in a report on Thursday, August 6th. Finally, Wall Street Zen cut Adient from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Adient presently has an average rating of “Hold” and an average target price of $24.90.

Adient Stock Down 6.3%

The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.91 and a current ratio of 1.10. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 0.23 and a beta of 1.60. The firm’s fifty day simple moving average is $18.33 and its 200 day simple moving average is $19.98.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.08). The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.71 billion. Adient had a net margin of 0.32% and a return on equity of 7.32%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. On average, sell-side analysts forecast that Adient will post 1.99 earnings per share for the current year.

Insider Activity at Adient

In related news, Director Peter Carlin sold 7,843 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $19.25, for a total value of $150,977.75. Following the sale, the director directly owned 38,835 shares of the company’s stock, valued at approximately $747,573.75. The trade was a 16.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by insiders.

Institutional Trading of Adient

A number of institutional investors have recently modified their holdings of ADNT. Readystate Asset Management LP bought a new position in shares of Adient during the second quarter worth about $1,078,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Adient by 179.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 527,356 shares of the company’s stock valued at $10,658,000 after buying an additional 338,517 shares during the last quarter. Principal Financial Group Inc. increased its stake in Adient by 18.8% in the 1st quarter. Principal Financial Group Inc. now owns 448,624 shares of the company’s stock valued at $9,067,000 after buying an additional 71,055 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in Adient during the 1st quarter worth about $1,404,000. Finally, Sei Investments Co. lifted its position in Adient by 89.3% during the 1st quarter. Sei Investments Co. now owns 325,443 shares of the company’s stock worth $6,577,000 after buying an additional 153,483 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Adient Company Profile

Adient plc (NYSE: ADNT) is a global automotive supplier specializing in the design, development and manufacture of vehicle seating systems. The company supplies complete seating assemblies as well as components such as seat structures, mechanisms, foam, fabrics, leather and other trim materials.

Adient works with automakers and other automotive customers to provide seating solutions for passenger cars, trucks, sport utility vehicles and commercial vehicles. Its offerings are designed to support vehicle comfort, safety, styling, weight reduction and manufacturing efficiency, with products developed for both traditional and electrified vehicles.

The company was formed in 2016 through the separation of Johnson Controls’ automotive seating business.