Adient (NYSE:ADNT) Reaches New 1-Year Low – What’s Next?

Adient (NYSE:ADNT) reached a new 52-week low during trading on Wednesday . The company traded as low as $17.68 and last traded at $18.20, with a volume of 31229 shares traded. The stock had previously closed at $18.38.

Analyst Ratings Changes

Several research firms have recently weighed in on ADNT. Stifel Nicolaus set a $28.00 price objective on Adient in a report on Thursday, May 7th. UBS Group raised their target price on shares of Adient from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Barclays lifted their price target on shares of Adient from $26.00 to $29.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Wells Fargo & Company upped their price target on shares of Adient from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Adient from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $28.44.

Adient Stock Up 3.4%

The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $1.47 billion, a P/E ratio of 26.41, a PEG ratio of 0.35 and a beta of 1.53. The firm’s 50 day moving average price is $21.43 and its two-hundred day moving average price is $21.54.

Adient (NYSE:ADNT) last announced its earnings results on Wednesday, May 6th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.44 by $0.08. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.62 billion. Adient had a net margin of 0.39% and a return on equity of 7.28%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 earnings per share. Equities research analysts forecast that Adient will post 2.1 EPS for the current year.

Insider Activity at Adient

In other news, EVP Heather M. Tiltmann sold 22,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $22.71, for a total transaction of $499,620.00. Following the completion of the transaction, the executive vice president directly owned 110,886 shares in the company, valued at $2,518,221.06. This represents a 16.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.94% of the stock is currently owned by corporate insiders.

Institutional Trading of Adient

Institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its stake in Adient by 19.4% in the 1st quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock worth $64,000 after purchasing an additional 517 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Adient by 10.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,538 shares of the company’s stock valued at $152,000 after purchasing an additional 705 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Adient by 17.2% during the 4th quarter. GAMMA Investing LLC now owns 5,199 shares of the company’s stock valued at $100,000 after purchasing an additional 764 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Adient by 9.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 10,162 shares of the company’s stock worth $193,000 after purchasing an additional 866 shares during the period. Finally, Corient Private Wealth LLC increased its holdings in shares of Adient by 5.2% in the fourth quarter. Corient Private Wealth LLC now owns 18,117 shares of the company’s stock worth $347,000 after purchasing an additional 899 shares during the period. Institutional investors own 92.44% of the company’s stock.

Adient Company Profile

Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient’s product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.