Adient (NYSE:ADNT) Reaches New 1-Year Low - Should You Sell?

Key Points

• Adient shares fell to a new 52-week low of $17.56, below the 50-day and 200-day moving averages of $19.65 and $20.56, respectively.
• The company’s latest quarterly results were mixed: revenue of $3.93 billion exceeded estimates and rose 4.3% year over year, but adjusted earnings of $0.48 per share missed expectations of $0.56.
• Analyst sentiment is broadly neutral, with an average “Hold” rating and a $26.30 price target, while an insider recently sold 7,843 shares and institutional investors own 92.44% of the stock.

Adient (NYSE:ADNT - Get Free Report) shares hit a new 52-week low during trading on Friday . The company traded as low as $17.56 and last traded at $17.5590, with a volume of 341848 shares traded. The stock had previously closed at $18.47.

Wall Street Analysts Forecast Growth

ADNT has been the topic of several analyst reports. Zacks Research upgraded Adient from a "strong sell" rating to a "hold" rating in a report on Wednesday. Stifel Nicolaus lowered their price objective on shares of Adient from $28.00 to $26.00 and set a "buy" rating for the company in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $28.00 target price on shares of Adient in a research report on Thursday, August 6th. BNP Paribas Exane raised shares of Adient from a "neutral" rating to an "outperform" rating and set a $26.00 price objective for the company in a research report on Thursday, July 30th. Finally, Barclays cut their price target on shares of Adient from $29.00 to $25.00 and set an "equal weight" rating on the stock in a report on Monday, August 10th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $26.30.

Adient Stock Performance

The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 29.54, a P/E/G ratio of 0.37 and a beta of 1.52. The stock has a 50 day simple moving average of $19.65 and a 200 day simple moving average of $20.56. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.08). The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.71 billion. Adient had a return on equity of 7.32% and a net margin of 0.32%.The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. As a group, analysts anticipate that Adient will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Adient

In other news, Director Peter Carlin sold 7,843 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $19.25, for a total transaction of $150,977.75. Following the completion of the transaction, the director directly owned 38,835 shares in the company, valued at approximately $747,573.75. The trade was a 16.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.94% of the company's stock.

Institutional Investors Weigh In On Adient

Institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new position in Adient during the 2nd quarter valued at about $27,000. Leonteq Securities AG acquired a new stake in shares of Adient in the 4th quarter worth approximately $30,000. Parallel Advisors LLC boosted its holdings in shares of Adient by 19.4% in the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company's stock valued at $64,000 after acquiring an additional 517 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Adient in the second quarter valued at approximately $94,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Adient by 10.3% during the first quarter. PNC Financial Services Group Inc. now owns 7,538 shares of the company's stock valued at $152,000 after acquiring an additional 705 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

Adient Company Profile

Adient plc NYSE: ADNT is a global automotive supplier that designs, engineers and manufactures automotive seating systems and related components. Its products include complete vehicle seats, seat structures, mechanisms, foam products, trim and other components used in passenger vehicles and commercial vehicles.

The company supplies automakers and supports vehicle programs across major automotive markets, including North America, Europe and Asia. Its operations include product development, engineering, manufacturing and assembly, enabling Adient to provide integrated seating solutions for a range of vehicle platforms and interior designs.

Adient became an independent public company in 2016 after being separated from Johnson Controls' automotive seating business.

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