Adient (NYSE:ADNT) Hits New 1-Year Low – Here’s Why

Adient plc (NYSE:ADNT)’s stock price reached a new 52-week low on Friday . The company traded as low as $15.60 and last traded at $16.18, with a volume of 75798 shares changing hands. The stock had previously closed at $15.94.

Wall Street Analysts Forecast Growth

ADNT has been the topic of several recent analyst reports. Wells Fargo & Company downgraded shares of Adient from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $27.00 to $20.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. reduced their price target on Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Bank of America cut Adient from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $30.00 to $24.00 in a report on Thursday, November 21st. Barclays dropped their target price on Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Finally, Morgan Stanley decreased their price target on Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.88.

Adient Stock Down 0.7 %

The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 791.25, a PEG ratio of 0.34 and a beta of 2.18. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11. The stock has a fifty day moving average of $17.15 and a two-hundred day moving average of $19.58.

Adient (NYSE:ADNT) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate 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 business earned $0.31 earnings per share. As a group, analysts predict that Adient plc will post 1.76 EPS for the current fiscal year.

Insider Activity at Adient

In related news, EVP James Conklin sold 11,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total transaction of $232,875.00. Following the transaction, the executive vice president now directly owns 51,829 shares of the company’s stock, valued at approximately $1,049,537.25. The trade was a 18.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Covestor Ltd grew its holdings in Adient by 10.6% during the 4th quarter. Covestor Ltd now owns 6,062 shares of the company’s stock valued at $104,000 after purchasing an additional 580 shares in the last quarter. Mariner LLC boosted its position in Adient by 8.6% in the 4th quarter. Mariner LLC now owns 10,157 shares of the company’s stock valued at $175,000 after buying an additional 801 shares during the last quarter. KBC Group NV boosted its position in Adient by 51.8% in the 3rd quarter. KBC Group NV now owns 3,328 shares of the company’s stock valued at $75,000 after buying an additional 1,136 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Adient during the fourth quarter valued at about $25,000. Finally, Oarsman Capital Inc. increased its position in shares of Adient by 98.7% during the fourth quarter. Oarsman Capital Inc. now owns 2,966 shares of the company’s stock worth $51,000 after acquiring an additional 1,473 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.