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

Adient plc (NYSE:ADNT)’s stock price reached a new 52-week low during trading on Tuesday . The stock 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

A number of research firms have weighed in on ADNT. StockNews.com upgraded Adient from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Bank of America cut their price objective on shares of Adient from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, October 14th. JPMorgan Chase & Co. reduced their price target on shares of Adient from $31.00 to $27.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. UBS Group dropped their price target on Adient from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, Morgan Stanley reduced their price objective on Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.13.

Adient Stock Up 0.6 %

The company has a market capitalization of $1.66 billion, a PE ratio of 81.87, a P/E/G ratio of 0.46 and a beta of 2.18. The firm has a 50 day simple moving average of $21.26 and a two-hundred day simple moving average of $23.67. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 0.98.

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

Institutional Trading of Adient

Several institutional investors and hedge funds have recently modified their holdings of ADNT. Hotchkis & Wiley Capital Management LLC raised its position in shares of Adient by 9.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock worth $117,298,000 after purchasing an additional 442,200 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Adient by 38,074.9% in the third quarter. Pacer Advisors Inc. now owns 5,144,445 shares of the company’s stock valued at $116,110,000 after acquiring an additional 5,130,969 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Adient by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,078,070 shares of the company’s stock worth $125,480,000 after purchasing an additional 61,342 shares in the last quarter. State Street Corp lifted its holdings in Adient by 4.8% in the 3rd quarter. State Street Corp now owns 3,443,471 shares of the company’s stock valued at $77,719,000 after purchasing an additional 158,017 shares in the last quarter. Finally, Pzena Investment Management LLC grew its holdings in shares of Adient by 45.0% during the third quarter. Pzena Investment Management LLC now owns 2,825,491 shares of the company’s stock worth $63,771,000 after buying an additional 877,142 shares in the last quarter. 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.