Adient (NYSE:ADNT) Trading Down 7.1% – Time to Sell?

Adient (NYSE:ADNT)’s share price was down 7.1% during trading on Monday . The stock traded as low as $18.54 and last traded at $18.5970. Approximately 286,726 shares changed hands during trading, a decline of 72% from the average session volume of 1,032,396 shares. The stock had previously closed at $20.01.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ADNT. JPMorgan Chase & Co. decreased their target price on Adient from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Stifel Nicolaus set a $28.00 price objective on shares of Adient in a research note on Thursday, May 7th. Wells Fargo & Company boosted their price objective on shares of Adient from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup raised shares of Adient from a “neutral” rating to a “buy” rating and upped their target price for the company from $30.00 to $33.00 in a research note on Wednesday, April 15th. Finally, Bank of America started coverage on shares of Adient in a report on Wednesday, March 4th. They issued an “underperform” rating and a $22.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Adient presently has an average rating of “Hold” and an average price target of $28.44.

Adient Trading Down 7.3%

The business has a 50 day simple moving average of $21.69 and a 200-day simple moving average of $21.55. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 0.39 and a beta of 1.50. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91.

Adient (NYSE:ADNT) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. Adient had a return on equity of 7.28% and a net margin of 0.39%.The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same quarter last year, the firm posted $0.69 earnings per share. Adient’s revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts expect that Adient will post 2.1 earnings per share for the current year.

Insider Buying and Selling

In other Adient news, EVP Heather M. Tiltmann sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $22.71, for a total transaction of $499,620.00. Following the sale, the executive vice president directly owned 110,886 shares in the company, valued at approximately $2,518,221.06. This trade represents a 16.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Adient

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Adient by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 4,684,882 shares of the company’s stock valued at $89,809,000 after acquiring an additional 208,938 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Adient by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,384,904 shares of the company’s stock worth $88,614,000 after purchasing an additional 211,843 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Adient by 17.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,293,353 shares of the company’s stock worth $46,349,000 after purchasing an additional 336,306 shares in the last quarter. UBS Group AG raised its stake in shares of Adient by 12.9% in the 4th quarter. UBS Group AG now owns 1,848,690 shares of the company’s stock valued at $35,439,000 after purchasing an additional 210,758 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Adient by 38.6% in the 4th quarter. Invesco Ltd. now owns 1,599,937 shares of the company’s stock valued at $30,671,000 after purchasing an additional 445,343 shares during the period. Institutional investors own 92.44% of the company’s stock.

Adient Company Profile

Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient’s product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.