Adient (NYSE:ADNT) Sees Unusually-High Trading Volume - Should You Buy?

Shares of Adient plc (NYSE:ADNT - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 2,138,597 shares were traded during trading, an increase of 51% from the previous session's volume of 1,414,510 shares.The stock last traded at $13.71 and had previously closed at $13.92.

Wall Street Analysts Forecast Growth

ADNT has been the topic of a number of recent analyst reports. Barclays cut their price objective on Adient from $24.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. Wells Fargo & Company lowered Adient from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $27.00 to $20.00 in a research note on Monday, December 16th. Morgan Stanley cut their target price on shares of Adient from $19.00 to $17.00 and set an "underweight" rating for the company in a research note on Monday, March 3rd. UBS Group upped their price target on shares of Adient from $19.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, Bank of America lowered Adient from a "neutral" rating to an "underperform" rating and decreased their price objective for the company from $24.00 to $18.00 in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $20.88.

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Adient Trading Up 1.9 %

The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average of $16.16 and a 200-day moving average of $18.60. The firm has a market capitalization of $1.25 billion, a P/E ratio of 751.60, a PEG ratio of 0.34 and a beta of 2.27.

Adient (NYSE:ADNT - Get Free Report) last issued 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 positive return on equity of 6.94% and a negative net margin of 0.01%. During the same quarter last year, the business earned $0.31 EPS. Analysts anticipate that Adient plc will post 1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. grew its stake in shares of Adient by 8.4% during the 3rd quarter. Victory Capital Management Inc. now owns 20,977 shares of the company's stock worth $473,000 after acquiring an additional 1,633 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Adient by 202.8% during the third quarter. Thrivent Financial for Lutherans now owns 69,831 shares of the company's stock worth $1,576,000 after purchasing an additional 46,766 shares during the last quarter. Intech Investment Management LLC bought a new position in Adient in the third quarter valued at $725,000. Charles Schwab Investment Management Inc. increased its stake in Adient by 6.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 963,446 shares of the company's stock valued at $21,745,000 after buying an additional 55,387 shares during the last quarter. Finally, Citigroup Inc. lifted its position in Adient by 30.2% during the 3rd quarter. Citigroup Inc. now owns 265,534 shares of the company's stock worth $5,993,000 after buying an additional 61,531 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Adient Company Profile

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.