Adient (NYSE:ADNT) Hits New 12-Month Low – What’s Next?

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

Wall Street Analyst Weigh In

ADNT has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $31.00 price target on shares of Adient in a research report on Thursday, May 7th. UBS Group raised their price objective on shares of Adient from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Stifel Nicolaus set a $28.00 target price on shares of Adient in a research note on Thursday, May 7th. Bank of America assumed coverage on shares of Adient in a report on Wednesday, March 4th. They issued an “underperform” rating and a $22.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Adient from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Adient has a consensus rating of “Hold” and a consensus price target of $28.44.

Adient Price Performance

The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.91 and a current ratio of 1.10. The stock has a market cap of $1.44 billion, a PE ratio of 25.92, a PEG ratio of 0.35 and a beta of 1.50. The stock’s 50-day moving average is $21.57 and its two-hundred day moving average is $21.54.

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

Insider Activity at Adient

In other news, EVP Heather M. Tiltmann sold 22,000 shares of Adient stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $22.71, for a total value of $499,620.00. Following the completion of the sale, the executive vice president directly owned 110,886 shares of the company’s stock, valued at approximately $2,518,221.06. The trade was a 16.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Adient

Several hedge funds have recently bought and sold shares of ADNT. Vanguard Group Inc. boosted its holdings in Adient by 4.7% during the 4th quarter. Vanguard Group Inc. now owns 4,684,882 shares of the company’s stock valued at $89,809,000 after acquiring an additional 208,938 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Adient by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,384,904 shares of the company’s stock worth $88,614,000 after purchasing an additional 211,843 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Adient by 17.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,293,353 shares of the company’s stock worth $46,349,000 after purchasing an additional 336,306 shares in the last quarter. UBS Group AG boosted its stake in shares of Adient by 12.9% in the fourth quarter. UBS Group AG now owns 1,848,690 shares of the company’s stock valued at $35,439,000 after purchasing an additional 210,758 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Adient by 38.6% in the fourth quarter. Invesco Ltd. now owns 1,599,937 shares of the company’s stock valued at $30,671,000 after purchasing an additional 445,343 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

About Adient

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.