Adient (NYSE:ADNT) Sets New 52-Week Low at $26.79

Adient plc (NYSE:ADNTGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $26.79 and last traded at $26.94, with a volume of 338029 shares trading hands. The stock had previously closed at $28.05.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays cut their price objective on Adient from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 7th. Wells Fargo & Company lowered their target price on Adient from $38.00 to $33.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Deutsche Bank Aktiengesellschaft lowered their target price on Adient from $32.00 to $30.00 and set a “hold” rating for the company in a report on Monday, May 6th. Morgan Stanley lowered their target price on Adient from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Friday, May 10th. Finally, JPMorgan Chase & Co. lowered their target price on Adient from $40.00 to $37.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $39.25.

Check Out Our Latest Stock Analysis on ADNT

Adient Price Performance

The company has a quick ratio of 0.91, a current ratio of 1.13 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 16.71, a P/E/G ratio of 0.37 and a beta of 2.39. The stock’s 50 day moving average price is $30.28 and its two-hundred day moving average price is $32.76.

Adient (NYSE:ADNTGet Free Report) last posted its earnings results on Friday, May 3rd. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.39 by $0.15. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. Adient had a net margin of 1.04% and a return on equity of 8.72%. The business’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. Analysts anticipate that Adient plc will post 2.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Peter Carlin sold 4,207 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $28.90, for a total transaction of $121,582.30. Following the completion of the sale, the director now owns 28,352 shares of the company’s stock, valued at $819,372.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Adient

Institutional investors have recently bought and sold shares of the business. Teacher Retirement System of Texas grew its holdings in Adient by 959.8% during the 4th quarter. Teacher Retirement System of Texas now owns 109,359 shares of the company’s stock worth $3,976,000 after acquiring an additional 99,040 shares during the period. Foundry Partners LLC acquired a new stake in Adient during the 4th quarter worth $3,899,000. UBS Group AG grew its holdings in Adient by 11.4% during the 3rd quarter. UBS Group AG now owns 229,189 shares of the company’s stock worth $8,411,000 after acquiring an additional 23,450 shares during the period. Levin Capital Strategies L.P. acquired a new stake in Adient during the 4th quarter worth $436,000. Finally, Deutsche Bank AG grew its holdings in Adient by 11.0% during the 3rd quarter. Deutsche Bank AG now owns 49,949 shares of the company’s stock worth $1,833,000 after acquiring an additional 4,956 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Company Profile

(Get Free Report)

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.

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