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

Adient plc (NYSE:ADNT) shares reached a new 52-week low on Friday . The company traded as low as $13.34 and last traded at $13.52, with a volume of 500323 shares. The stock had previously closed at $13.86.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ADNT shares. StockNews.com downgraded shares of Adient from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Wells Fargo & Company downgraded shares of Adient from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $27.00 to $20.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. decreased their price objective on shares of Adient from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Morgan Stanley decreased their price objective on shares of Adient from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Monday, March 3rd. Finally, Barclays decreased their price objective 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. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, Adient has an average rating of “Hold” and an average price target of $20.88.

Adient Price Performance

The company has a market cap of $1.17 billion, a price-to-earnings ratio of 695.75, a PEG ratio of 0.34 and a beta of 2.27. 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’s fifty day moving average price is $16.28 and its two-hundred day moving average price is $18.73.

Adient (NYSE:ADNT) last released its quarterly earnings results 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 quarter last year, the firm posted $0.31 earnings per share. On average, equities research analysts forecast that Adient plc will post 1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ADNT. Point72 Hong Kong Ltd acquired a new position in Adient during the fourth quarter worth $25,000. R Squared Ltd acquired a new position in Adient during the fourth quarter worth $32,000. Versant Capital Management Inc boosted its holdings in Adient by 10,316.7% during the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock worth $32,000 after purchasing an additional 1,857 shares during the last quarter. IFP Advisors Inc boosted its holdings in Adient by 6,924.2% during the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company’s stock worth $40,000 after purchasing an additional 2,285 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Adient by 803.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,738 shares of the company’s stock worth $47,000 after purchasing an additional 2,435 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.