Adient (NYSE:ADNT) Hits New 1-Year Low - What's Next?

Shares of Adient plc (NYSE:ADNT - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $18.46 and last traded at $18.46, with a volume of 12616 shares trading hands. The stock had previously closed at $18.96.

Analyst Ratings Changes

ADNT has been the subject of a number of analyst reports. Bank of America cut shares of Adient from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $30.00 to $24.00 in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $24.00 price target on shares of Adient in a report on Tuesday, September 10th. Wolfe Research started coverage on Adient in a research note on Thursday, September 5th. They issued a "peer perform" rating on the stock. Morgan Stanley lowered their target price on Adient from $21.00 to $19.00 and set an "underweight" rating on the stock in a report on Thursday, November 14th. Finally, StockNews.com upgraded Adient from a "hold" rating to a "buy" rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $23.50.

Adient Stock Down 7.1 %

The business has a 50 day moving average of $20.39 and a 200 day moving average of $22.54. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 76.57, a price-to-earnings-growth ratio of 0.32 and a beta of 2.15. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.90.

Adient (NYSE:ADNT - Get Free Report) last posted its earnings results on Friday, November 8th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.12. The company had revenue of $3.56 billion during the quarter, compared to analysts' expectations of $3.47 billion. Adient had a net margin of 0.12% and a return on equity of 6.86%. Adient's quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. On average, equities analysts anticipate that Adient plc will post 2.04 EPS for the current year.

Insider Transactions at Adient

In other news, EVP James Conklin sold 11,500 shares of the company'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 transaction, the executive vice president now directly owns 51,829 shares in the company, valued at approximately $1,049,537.25. This represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. CWM LLC increased its stake in shares of Adient by 44.5% in the 2nd quarter. CWM LLC now owns 1,439 shares of the company's stock valued at $36,000 after buying an additional 443 shares during the period. US Bancorp DE increased its position in Adient by 583.8% in the third quarter. US Bancorp DE now owns 1,860 shares of the company's stock worth $42,000 after purchasing an additional 1,588 shares during the period. Signaturefd LLC increased its position in Adient by 493.8% in the third quarter. Signaturefd LLC now owns 2,191 shares of the company's stock worth $49,000 after purchasing an additional 1,822 shares during the period. KBC Group NV raised its holdings in Adient by 51.8% during 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 last quarter. Finally, Covestor Ltd lifted its position in Adient by 23.2% during the 3rd quarter. Covestor Ltd now owns 5,482 shares of the company's stock valued at $124,000 after purchasing an additional 1,032 shares during the period. Institutional investors 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.