Adient (NYSE:ADNT) Shares Cross Below 50-Day Moving Average – Time to Sell?

Adient plc (NYSE:ADNT) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ADNT. StockNews.com downgraded shares of Adient from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. UBS Group upped their price target on shares of Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Barclays lowered their target price on Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Finally, Bank of America cut 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. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat, Adient currently has a consensus rating of “Hold” and an average price target of $21.88.

Adient Stock Down 1.6 %

The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11. The company has a market cap of $1.42 billion, a PE ratio of 847.75, a P/E/G ratio of 0.34 and a beta of 2.18. The business has a 50-day simple moving average of $17.21 and a 200-day simple moving average of $19.71.

Adient (NYSE:ADNT) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same quarter last year, the company posted $0.31 EPS. Equities research analysts anticipate that Adient plc will post 1.76 EPS for the current year.

Insiders Place Their Bets

In other Adient news, EVP James Conklin sold 11,500 shares of the business’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 transaction, the executive vice president now owns 51,829 shares of the company’s stock, valued at approximately $1,049,537.25. The trade was a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

Institutional Trading of Adient

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Adient by 105.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 369,035 shares of the company’s stock valued at $6,358,000 after purchasing an additional 189,574 shares during the period. Vident Advisory LLC acquired a new position in Adient in the 4th quarter valued at about $463,000. Twinbeech Capital LP purchased a new stake in shares of Adient in the 4th quarter valued at approximately $372,000. State of Wyoming increased its holdings in shares of Adient by 145.7% during the 4th quarter. State of Wyoming now owns 15,912 shares of the company’s stock worth $274,000 after buying an additional 9,435 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Adient during the 4th quarter valued at approximately $298,000. 92.44% of the stock is owned by institutional investors and hedge funds.

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.