Adient (NYSE:ADNT) Trading Down 9.1% - Time to Sell?

Adient plc (NYSE:ADNT - Get Free Report) shares traded down 9.1% during trading on Thursday . The stock traded as low as $13.55 and last traded at $13.72. 240,936 shares were traded during trading, a decline of 81% from the average session volume of 1,289,076 shares. The stock had previously closed at $15.09.

Analyst Ratings Changes

ADNT has been the topic of a number of research analyst reports. Wells Fargo & Company downgraded shares of Adient from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $27.00 to $20.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. lowered their price objective on Adient from $24.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Morgan Stanley cut their price target on shares of Adient from $19.00 to $17.00 and set an "underweight" rating on the stock in a research report on Monday, March 3rd. Barclays decreased their target price on Adient from $24.00 to $21.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. Finally, StockNews.com lowered shares of Adient from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $20.88.

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Adient Price Performance

The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 645.25, a P/E/G ratio of 0.34 and a beta of 2.27. The business has a 50 day simple moving average of $15.95 and a 200-day simple moving average of $18.46. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08.

Adient (NYSE:ADNT - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) 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 period in the previous year, the firm posted $0.31 EPS. Equities research analysts expect that Adient plc will post 1.76 earnings per share for the current year.

Institutional Trading of Adient

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new stake in Adient in the 4th quarter worth about $25,000. R Squared Ltd bought a new position in shares of Adient in the fourth quarter valued at approximately $32,000. Versant Capital Management Inc increased its position in shares of Adient by 10,316.7% during the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company's stock valued at $32,000 after acquiring an additional 1,857 shares during the last quarter. IFP Advisors Inc increased its position in shares of Adient by 6,924.2% during the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock valued at $40,000 after acquiring an additional 2,285 shares during the last quarter. Finally, Sterling Capital Management LLC lifted 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 acquiring an additional 2,435 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

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.