Adient (NYSE:ADNT) Trading Down 4.8% – Should You Sell?

Adient (NYSE:ADNT) traded down 4.8% during mid-day trading on Friday . The stock traded as low as $19.92 and last traded at $20.1340. 184,750 shares traded hands during trading, a decline of 86% from the average session volume of 1,322,438 shares. The stock had previously closed at $21.15.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ADNT shares. Morgan Stanley lifted their target price on shares of Adient from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Tuesday, August 12th. Stifel Nicolaus dropped their price objective on Adient from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Barclays decreased their target price on Adient from $27.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Zacks Research downgraded Adient from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Finally, Wall Street Zen cut Adient from a “buy” rating to a “hold” rating in a research report on Saturday. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $22.69.

Adient Stock Performance

The firm has a fifty day simple moving average of $23.38 and a 200 day simple moving average of $21.07. The company has a current ratio of 1.12, a quick ratio of 0.93 and a debt-to-equity ratio of 1.16. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of -5.99, a PEG ratio of 0.65 and a beta of 1.87.

Adient (NYSE:ADNT) last released its quarterly earnings data on Wednesday, May 31st. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $3.51 billion for the quarter. Adient had a negative net margin of 1.93% and a positive return on equity of 7.81%. As a group, sell-side analysts expect that Adient will post 1.76 earnings per share for the current year.

Institutional Trading of Adient

Several institutional investors have recently made changes to their positions in the business. Hantz Financial Services Inc. increased its stake in Adient by 62.6% in the third quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock valued at $27,000 after acquiring an additional 439 shares during the period. Brooklyn Investment Group raised its holdings in shares of Adient by 23,600.0% in the 1st quarter. Brooklyn Investment Group now owns 2,133 shares of the company’s stock worth $27,000 after buying an additional 2,124 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Adient by 544.4% in the 2nd quarter. Fifth Third Bancorp now owns 2,133 shares of the company’s stock worth $42,000 after buying an additional 1,802 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Adient by 991.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,182 shares of the company’s stock worth $42,000 after buying an additional 1,982 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Adient by 13,957.9% in the 2nd quarter. Parallel Advisors LLC now owns 2,671 shares of the company’s stock valued at $52,000 after buying an additional 2,652 shares in the last quarter. 92.44% of the stock is currently 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.