Adient (NYSE:ADNT) Trading Down 9.1% – Time to Sell?

Adient plc (NYSE:ADNT)’s stock price fell 9.1% during mid-day trading on Thursday . The stock traded as low as $13.55 and last traded at $13.72. 240,936 shares were traded during mid-day trading, a decline of 81% from the average session volume of 1,289,076 shares. The stock had previously closed at $15.09.

Analysts Set New Price Targets

ADNT has been the topic of a number of recent analyst reports. Bank of America lowered Adient from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $24.00 to $18.00 in a report on Tuesday, March 4th. StockNews.com downgraded Adient from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. decreased their price objective on shares of Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Morgan Stanley dropped their target price on shares of Adient from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Monday, March 3rd. Finally, UBS Group upped their price objective on Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.88.

Adient Stock Performance

The firm has a market capitalization of $1.08 billion, a P/E ratio of 641.25, a P/E/G ratio of 0.34 and a beta of 2.27. The stock has a fifty day simple moving average of $15.95 and a two-hundred day simple moving average of $18.49. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86.

Adient (NYSE:ADNT) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same period last year, the company posted $0.31 EPS. On average, research analysts predict that Adient plc will post 1.76 EPS for the current year.

Hedge Funds Weigh In On Adient

Several institutional investors have recently bought and sold shares of the company. Jefferies Financial Group Inc. lifted its position in shares of Adient by 44.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 13,318 shares of the company’s stock valued at $229,000 after buying an additional 4,077 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Adient by 105.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 369,035 shares of the company’s stock worth $6,358,000 after purchasing an additional 189,574 shares during the period. Vident Advisory LLC purchased a new position in shares of Adient in the fourth quarter worth about $463,000. Twinbeech Capital LP bought a new stake in shares of Adient in the fourth quarter valued at approximately $372,000. Finally, State of Wyoming raised its holdings in Adient by 145.7% during the 4th quarter. State of Wyoming now owns 15,912 shares of the company’s stock valued at $274,000 after acquiring an additional 9,435 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.