Adient (NYSE:ADNT) Reaches New 52-Week Low – Should You Sell?

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

Analyst Ratings Changes

Several research firms recently issued reports on ADNT. Barclays cut their price target on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. UBS Group increased their price target on shares of Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Morgan Stanley decreased their price target on Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Wells Fargo & Company lowered Adient from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $27.00 to $20.00 in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. cut their price objective on Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Adient currently has an average rating of “Hold” and an average price target of $21.88.

Adient Stock Performance

The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 791.25, a P/E/G ratio of 0.34 and a beta of 2.18. The stock has a 50 day simple moving average of $17.15 and a 200 day simple moving average of $19.58. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) 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 period in the prior year, the company posted $0.31 earnings per share. As a group, analysts anticipate that Adient plc will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Adient

In related news, EVP James Conklin sold 11,500 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total value of $232,875.00. Following the sale, the executive vice president now owns 51,829 shares of the company’s stock, valued at $1,049,537.25. This trade represents a 18.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in shares of Adient during the fourth quarter worth approximately $25,000. Versant Capital Management Inc raised its stake in Adient by 10,316.7% during the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock valued at $32,000 after acquiring an additional 1,857 shares in the last quarter. R Squared Ltd acquired a new position in Adient during the 4th quarter worth $32,000. IFP Advisors Inc boosted its position in Adient by 6,924.2% during the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock worth $40,000 after acquiring an additional 2,285 shares during the period. Finally, US Bancorp DE grew its stake in shares of Adient by 583.8% in the third quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $42,000 after purchasing an additional 1,588 shares in the last quarter. 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.