Adient (NYSE:ADNT) Hits New 52-Week Low – What’s Next?

Adient plc (NYSE:ADNT) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $12.55 and last traded at $12.69, with a volume of 619380 shares trading hands. The stock had previously closed at $13.51.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ADNT. UBS Group increased their price objective on Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company downgraded Adient from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $27.00 to $20.00 in a research report on Monday, December 16th. StockNews.com downgraded Adient from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. dropped 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. Finally, Barclays lowered their price target on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.88.

Adient Trading Down 5.1 %

The company’s 50 day simple moving average is $15.95 and its two-hundred day simple moving average is $18.47. 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 capitalization of $1.08 billion, a price-to-earnings ratio of 641.25, a P/E/G ratio of 0.34 and a beta of 2.27.

Adient (NYSE:ADNT) last issued 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 period in the previous year, the business posted $0.31 EPS. As a group, research analysts anticipate that Adient plc will post 1.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Adient

A number of large investors have recently modified their holdings of the business. Pzena Investment Management LLC raised its position in shares of Adient by 28.5% in the 4th quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock valued at $62,535,000 after purchasing an additional 803,961 shares during the last quarter. BNP Paribas Financial Markets grew its position in Adient by 144.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 210,477 shares of the company’s stock worth $4,750,000 after purchasing an additional 124,539 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Adient by 202.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 69,831 shares of the company’s stock valued at $1,576,000 after purchasing an additional 46,766 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Adient by 36.5% in the third quarter. Principal Financial Group Inc. now owns 411,199 shares of the company’s stock worth $9,281,000 after buying an additional 109,850 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in shares of Adient by 263.6% during the fourth quarter. Quantbot Technologies LP now owns 80,294 shares of the company’s stock worth $1,383,000 after buying an additional 58,209 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.