Adient (NYSE:ADNT) Sets New 52-Week Low - Time to Sell?

Adient plc (NYSE:ADNT - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $15.60 and last traded at $16.18, with a volume of 75798 shares trading hands. The stock had previously closed at $15.94.

Wall Street Analyst Weigh In

Several brokerages have commented on ADNT. JPMorgan Chase & Co. dropped their price target 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. Bank of America lowered shares of Adient from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $24.00 to $18.00 in a research note on Tuesday. Barclays dropped their price target on shares of Adient from $24.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. Morgan Stanley dropped their price target on shares of Adient from $19.00 to $17.00 and set an "underweight" rating on the stock in a research note on Monday. Finally, UBS Group raised their price objective on shares of Adient from $19.00 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $20.88.

Adient Stock Down 4.1 %

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 firm has a market cap of $1.19 billion, a price-to-earnings ratio of 706.45, a price-to-earnings-growth ratio of 0.34 and a beta of 2.27. The stock's 50 day moving average is $17.08 and its 200 day moving average is $19.48.

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Adient (NYSE:ADNT - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates 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 business posted $0.31 EPS. Analysts forecast that Adient plc will post 1.76 EPS for the current year.

Insider Buying and Selling

In related news, EVP James Conklin sold 11,500 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $20.25, for a total transaction of $232,875.00. Following the completion of the sale, the executive vice president now directly owns 51,829 shares in the company, valued at approximately $1,049,537.25. This trade represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.72% of the stock is currently owned by insiders.

Institutional Trading of Adient

A number of large investors have recently added to or reduced their stakes in ADNT. Covestor Ltd boosted its stake in Adient by 10.6% in the 4th quarter. Covestor Ltd now owns 6,062 shares of the company's stock worth $104,000 after purchasing an additional 580 shares during the period. Mariner LLC boosted its stake in Adient by 8.6% in the 4th quarter. Mariner LLC now owns 10,157 shares of the company's stock worth $175,000 after purchasing an additional 801 shares during the period. KBC Group NV boosted its stake in Adient by 51.8% in the 3rd quarter. KBC Group NV now owns 3,328 shares of the company's stock worth $75,000 after purchasing an additional 1,136 shares during the period. Point72 Hong Kong Ltd acquired a new position in Adient in the 4th quarter worth approximately $25,000. Finally, Oarsman Capital Inc. boosted its stake in Adient by 98.7% in the 4th quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock worth $51,000 after purchasing an additional 1,473 shares during the period. 92.44% of the stock is currently 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.