Adient (NYSE:ADNT) Sets New 1-Year Low – Here’s What Happened

Adient plc (NYSE:ADNT) hit a new 52-week low on Friday . The stock traded as low as $15.60 and last traded at $16.18, with a volume of 75798 shares changing hands. The stock had previously closed at $15.94.

Analysts Set New Price Targets

ADNT has been the topic of several research reports. 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. Bank of America lowered shares of Adient from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $30.00 to $24.00 in a report on Thursday, November 21st. JPMorgan Chase & Co. lowered their target price on shares of Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Wells Fargo & Company lowered shares of Adient from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $27.00 to $20.00 in a report on Monday, December 16th. Finally, StockNews.com upgraded shares of Adient from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.88.

Adient Stock Performance

The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08. The stock has a market cap of $1.33 billion, a PE ratio of 791.25, a price-to-earnings-growth ratio of 0.34 and a beta of 2.18. The company’s 50 day simple moving average is $17.13 and its 200 day simple moving average is $19.55.

Adient (NYSE:ADNT) last posted its quarterly earnings data 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 previous year, the business posted $0.31 earnings per share. Analysts expect that Adient plc will post 1.76 earnings per share for the current year.

Insider Activity

In other news, EVP James Conklin sold 11,500 shares of the stock in a transaction that occurred 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 directly owns 51,829 shares of the company’s stock, valued at $1,049,537.25. This represents a 18.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ADNT. Point72 Hong Kong Ltd bought a new position in Adient in the 4th quarter worth approximately $25,000. Versant Capital Management Inc boosted its holdings in Adient by 10,316.7% in the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock worth $32,000 after buying an additional 1,857 shares during the period. R Squared Ltd bought a new position in Adient in the 4th quarter worth approximately $32,000. IFP Advisors Inc boosted its holdings in Adient by 6,924.2% in the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock worth $40,000 after buying an additional 2,285 shares during the period. Finally, US Bancorp DE boosted its holdings in Adient by 583.8% in 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 period. 92.44% of the stock is owned by institutional investors.

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.