Adient (NYSE:ADNT) Hits New 1-Year Low - Here's Why

Adient plc (NYSE:ADNT - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $16.75 and last traded at $16.77, with a volume of 73297 shares trading hands. The stock had previously closed at $16.85.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ADNT shares. StockNews.com lowered Adient from a "buy" rating to a "hold" rating in a research report on Friday. Bank of America downgraded shares of Adient from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $30.00 to $24.00 in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $24.00 target price on shares of Adient in a report on Tuesday, September 10th. Wells Fargo & Company lowered shares of Adient from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $27.00 to $20.00 in a report on Monday, December 16th. Finally, Wolfe Research began coverage on shares of Adient in a research report on Thursday, September 5th. They set a "peer perform" rating for the company. One research analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $23.50.

Adient Stock Performance

The company has a debt-to-equity ratio of 0.98, a current ratio of 1.11 and a quick ratio of 0.90. The stock has a fifty day moving average price of $19.84 and a two-hundred day moving average price of $22.09. The company has a market cap of $1.44 billion, a P/E ratio of 73.74, a PEG ratio of 0.32 and a beta of 2.15.

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

Insider Buying and Selling at Adient

In related news, EVP James Conklin sold 11,500 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total transaction of $232,875.00. Following the sale, the executive vice president now owns 51,829 shares of the company's stock, valued at $1,049,537.25. The trade was 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 available at the SEC website. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Adient

Hedge funds have recently modified their holdings of the company. US Bancorp DE grew its stake in shares of Adient by 583.8% in the 3rd 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 last quarter. Signaturefd LLC grew 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 buying an additional 1,822 shares during the last quarter. KBC Group NV grew its position in Adient by 51.8% in the third quarter. KBC Group NV now owns 3,328 shares of the company's stock worth $75,000 after buying an additional 1,136 shares during the last quarter. Covestor Ltd increased its holdings in shares of Adient by 23.2% in the third quarter. Covestor Ltd now owns 5,482 shares of the company's stock valued at $124,000 after buying an additional 1,032 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in shares of Adient during the 2nd quarter valued at $227,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.