Adient PLC (NYSE:ADNT) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $40.08 and last traded at $40.18, with a volume of 48937 shares. The stock had previously closed at $40.72.

Several research analysts have recently commented on ADNT shares. Royal Bank of Canada restated a “hold” rating on shares of Adient in a research note on Wednesday, June 13th. Robert W. Baird lowered shares of Adient from a “neutral” rating to an “underperform” rating in a research note on Monday, June 11th. Zacks Investment Research downgraded shares of Adient from a “hold” rating to a “strong sell” rating in a report on Monday, July 16th. Wells Fargo & Co downgraded shares of Adient from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 12th. Finally, Morgan Stanley downgraded shares of Adient from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $50.00 to $43.00 in a report on Tuesday, July 31st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $62.54.

The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $3.76 billion, a PE ratio of 6.00, a price-to-earnings-growth ratio of 0.58 and a beta of -0.71.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Thursday, July 26th. The company reported $1.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.11). The firm had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.34 billion. Adient had a return on equity of 14.27% and a net margin of 0.08%. Adient’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.52 earnings per share. equities analysts predict that Adient PLC will post 5.79 EPS for the current year.

Institutional investors have recently modified their holdings of the business. Taylor Asset Management Inc. boosted its holdings in Adient by 23.6% in the 2nd quarter. Taylor Asset Management Inc. now owns 6,800 shares of the company’s stock valued at $334,000 after purchasing an additional 1,300 shares during the period. Brown Advisory Inc. boosted its holdings in Adient by 943.0% in the 2nd quarter. Brown Advisory Inc. now owns 37,476 shares of the company’s stock valued at $1,843,000 after purchasing an additional 33,883 shares during the period. American Century Companies Inc. bought a new stake in Adient in the 2nd quarter valued at $2,292,000. Massachusetts Financial Services Co. MA boosted its holdings in Adient by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 872,297 shares of the company’s stock valued at $42,908,000 after purchasing an additional 3,387 shares during the period. Finally, Comerica Bank boosted its holdings in Adient by 31.4% in the 2nd quarter. Comerica Bank now owns 179,312 shares of the company’s stock valued at $8,793,000 after purchasing an additional 42,868 shares during the period.

Adient Company Profile (NYSE:ADNT)

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company operates through two segments, Seating and Interiors. The Seating segment produces automotive seat metal structures and mechanisms, foams, trims, fabrics, and seat systems.

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