Adient (NYSE:ADNT) Reaches New 52-Week Low at $28.43

Adient plc (NYSE:ADNT)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $28.43 and last traded at $28.68, with a volume of 48877 shares. The stock had previously closed at $29.19.

Analyst Upgrades and Downgrades

ADNT has been the subject of several research analyst reports. Barclays restated an “equal weight” rating and issued a $37.00 price objective (down from $41.00) on shares of Adient in a research note on Wednesday, April 10th. Bank of America reduced their price objective on Adient from $50.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. JPMorgan Chase & Co. reduced their price objective on Adient from $41.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Finally, Wells Fargo & Company reduced their price objective on Adient from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $42.86.

Adient Stock Performance

The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 0.29 and a beta of 2.51. The firm has a fifty day moving average of $32.99 and a 200 day moving average of $33.86. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.15 and a quick ratio of 0.91.

Adient (NYSE:ADNT) last posted its earnings results on Wednesday, February 7th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.16). The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. Adient had a return on equity of 7.90% and a net margin of 1.39%. The firm’s revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $0.34 earnings per share. On average, sell-side analysts anticipate that Adient plc will post 2.61 earnings per share for the current fiscal year.

Insider Buying and Selling at Adient

In other Adient news, EVP Heather M. Tiltmann sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $33.68, for a total value of $336,800.00. Following the sale, the executive vice president now directly owns 55,669 shares of the company’s stock, valued at $1,874,931.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

Institutional Trading of Adient

Institutional investors have recently bought and sold shares of the business. UBS Group AG grew its holdings in Adient by 11.4% in the third quarter. UBS Group AG now owns 229,189 shares of the company’s stock valued at $8,411,000 after purchasing an additional 23,450 shares during the period. Deutsche Bank AG boosted its stake in shares of Adient by 11.0% in the third 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 last quarter. Van ECK Associates Corp boosted its stake in shares of Adient by 136.1% in the third quarter. Van ECK Associates Corp now owns 66,967 shares of the company’s stock worth $2,458,000 after acquiring an additional 38,604 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Adient in the third quarter worth approximately $2,146,000. Finally, Jump Financial LLC boosted its stake in shares of Adient by 552.8% in the third quarter. Jump Financial LLC now owns 49,553 shares of the company’s stock worth $1,819,000 after acquiring an additional 41,962 shares during 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.