Adient (ADNT) Hits New 12-Month Low at $41.58

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Adient PLC (NYSE:ADNT) hit a new 52-week low on Wednesday . The stock traded as low as $41.58 and last traded at $41.62, with a volume of 71916 shares traded. The stock had previously closed at $42.09.

Several equities research analysts have recently weighed in on the company. Barclays decreased their target price on Adient from $63.00 to $58.00 and set an “equal weight” rating for the company in a research report on Monday, July 30th. UBS Group decreased their target price on Adient from $83.00 to $73.00 and set a “buy” rating for the company in a research report on Tuesday, June 19th. They noted that the move was a valuation call. Guggenheim set a $46.00 target price on Adient and gave the stock a “hold” rating in a research report on Friday, July 27th. JPMorgan Chase & Co. decreased their target price on Adient to $50.00 and set an “underweight” rating for the company in a research report on Tuesday, June 12th. Finally, Longbow Research reaffirmed a “buy” rating and issued a $58.00 target price on shares of Adient in a research report on Friday, July 27th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Adient presently has an average rating of “Hold” and an average target price of $64.08.

The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 0.84. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 6.21, a PEG ratio of 0.60 and a beta of -0.71.

Adient (NYSE:ADNT) last issued its earnings results on Thursday, July 26th. The company reported $1.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.56 by ($0.11). The company had revenue of $4.49 billion during the quarter, compared to analysts’ expectations 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 previous year, the company earned $2.52 EPS. analysts predict that Adient PLC will post 5.79 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of ADNT. Mount Yale Investment Advisors LLC boosted its holdings in Adient by 268.8% in the second quarter. Mount Yale Investment Advisors LLC now owns 2,032 shares of the company’s stock valued at $100,000 after purchasing an additional 1,481 shares during the last quarter. Massey Quick Simon & CO. LLC purchased a new position in Adient in the second quarter valued at about $158,000. Jane Street Group LLC purchased a new position in Adient in the first quarter valued at about $210,000. Johnson Financial Group Inc. boosted its holdings in Adient by 449.1% in the first quarter. Johnson Financial Group Inc. now owns 3,668 shares of the company’s stock valued at $219,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Alps Advisors Inc. purchased a new position in Adient in the second quarter valued at about $221,000.

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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