Adient (NYSE:ADNT) Shares Down 7.1% – Time to Sell?

Adient (NYSE:ADNT)’s stock price traded down 7.1% during mid-day trading on Monday . The company traded as low as $18.54 and last traded at $18.5970. Approximately 286,726 shares changed hands during trading, a decline of 72% from the average session volume of 1,032,396 shares. The stock had previously closed at $20.01.

Wall Street Analyst Weigh In

ADNT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $31.00 price target on shares of Adient in a research report on Thursday, May 7th. Stifel Nicolaus set a $28.00 price objective on shares of Adient in a research report on Thursday, May 7th. JPMorgan Chase & Co. reduced their target price on shares of Adient from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Barclays raised their target price on shares of Adient from $26.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Finally, Citigroup upgraded shares of Adient from a “neutral” rating to a “buy” rating and lifted their price target for the company from $30.00 to $33.00 in a research note on Wednesday, April 15th. 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 data from MarketBeat, the company has an average rating of “Hold” and an average price target of $28.44.

Adient Stock Down 7.3%

The firm has a 50-day moving average of $21.69 and a 200 day moving average of $21.55. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 0.39 and a beta of 1.50.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. Adient had a return on equity of 7.28% and a net margin of 0.39%.The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same period last year, the company earned $0.69 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Adient will post 2.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Adient

In related news, EVP Heather M. Tiltmann sold 22,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $22.71, for a total value of $499,620.00. Following the completion of the transaction, the executive vice president directly owned 110,886 shares of the company’s stock, valued at approximately $2,518,221.06. This trade represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.94% of the company’s stock.

Institutional Trading of Adient

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of Adient by 11.6% in the 1st quarter. Royal Bank of Canada now owns 22,429 shares of the company’s stock valued at $289,000 after acquiring an additional 2,331 shares during the period. AQR Capital Management LLC raised its holdings in shares of Adient by 171.1% in the 1st quarter. AQR Capital Management LLC now owns 238,913 shares of the company’s stock valued at $2,977,000 after purchasing an additional 150,792 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Adient in the 1st quarter valued at about $236,000. First Trust Advisors LP lifted its stake in Adient by 6.8% in the 2nd quarter. First Trust Advisors LP now owns 273,823 shares of the company’s stock valued at $5,329,000 after purchasing an additional 17,400 shares during the last quarter. Finally, Amundi bought a new position in Adient during the second quarter worth about $269,000. 92.44% of the stock is owned by institutional investors.

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.