Adient (NYSE:ADNT) Hits New 12-Month Low – Should You Sell?

Adient plc (NYSE:ADNT) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $19.15 and last traded at $19.16, with a volume of 14070 shares trading hands. The stock had previously closed at $19.75.

Analyst Upgrades and Downgrades

ADNT has been the topic of a number of recent research reports. UBS Group cut their price objective on shares of Adient from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Morgan Stanley dropped their price target on Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. Bank of America reduced their price objective on Adient from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Barclays dropped their target price on Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $24.00 price target on shares of Adient in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.13.

Adient Stock Down 2.0 %

The stock has a market cap of $1.69 billion, a PE ratio of 85.87, a PEG ratio of 0.46 and a beta of 2.18. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.90. The company has a 50 day moving average price of $21.32 and a two-hundred day moving average price of $23.80.

Adient (NYSE:ADNT) last issued its earnings results on Friday, November 8th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.47 billion. Adient had a return on equity of 6.86% and a net margin of 0.12%. Adient’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. Analysts expect that Adient plc will post 2.27 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC grew its position in Adient by 2.0% in the 1st quarter. ProShare Advisors LLC now owns 20,885 shares of the company’s stock worth $688,000 after purchasing an additional 417 shares during the period. CWM LLC grew its holdings in shares of Adient by 44.5% in the second quarter. CWM LLC now owns 1,439 shares of the company’s stock worth $36,000 after acquiring an additional 443 shares during the period. SummerHaven Investment Management LLC increased its position in Adient by 3.2% during the second quarter. SummerHaven Investment Management LLC now owns 18,167 shares of the company’s stock valued at $449,000 after acquiring an additional 556 shares during the last quarter. Sei Investments Co. increased its position in Adient by 1.3% during the first quarter. Sei Investments Co. now owns 51,206 shares of the company’s stock valued at $1,686,000 after acquiring an additional 643 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in Adient by 23.2% in the third quarter. Covestor Ltd now owns 5,482 shares of the company’s stock valued at $124,000 after acquiring an additional 1,032 shares during the period. 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.