Adient (NYSE:ADNT) Reaches New 12-Month Low – Should You Sell?

Adient plc (NYSE:ADNT) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $15.71 and last traded at $16.36, with a volume of 262239 shares. The stock had previously closed at $17.43.

Analysts Set New Price Targets

A number of research firms recently issued reports on ADNT. Barclays lowered their target price on shares of Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Morgan Stanley cut their target price on Adient from $21.00 to $19.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. UBS Group raised their price objective on Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. StockNews.com cut Adient from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. cut their target price 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. One analyst has rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, Adient has an average rating of “Hold” and an average target price of $21.88.

Adient Price Performance

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 company has a market cap of $1.35 billion, a price-to-earnings ratio of 806.35, a PEG ratio of 0.33 and a beta of 2.18. The company’s fifty day moving average price is $17.96 and its two-hundred day moving average price is $20.47.

Adient (NYSE:ADNT) last issued its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same quarter last year, the company earned $0.31 EPS. On average, equities research analysts forecast that Adient plc will post 1.89 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of Adient

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in Adient by 2.8% in the 4th quarter. Principal Financial Group Inc. now owns 422,806 shares of the company’s stock valued at $7,285,000 after buying an additional 11,607 shares during the last quarter. Empowered Funds LLC raised its stake in Adient by 5.1% in the 4th quarter. Empowered Funds LLC now owns 309,891 shares of the company’s stock valued at $5,339,000 after acquiring an additional 15,109 shares during the period. Advisors Preferred LLC purchased a new stake in shares of Adient during the 4th quarter valued at approximately $1,670,000. R Squared Ltd purchased a new position in shares of Adient in the fourth quarter valued at $32,000. Finally, KBC Group NV increased its position in shares of Adient by 62.3% during the fourth quarter. KBC Group NV now owns 5,402 shares of the company’s stock valued at $93,000 after buying an additional 2,074 shares during the period. 92.44% of the stock is owned by institutional investors.

About Adient

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.