Adient (NYSE:ADNT) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Adient plc (NYSE:ADNT) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $17.21 and traded as low as $16.92. Adient shares last traded at $16.96, with a volume of 666,446 shares changing hands.

Wall Street Analyst Weigh In

ADNT has been the subject of several research analyst reports. Morgan Stanley lowered their target price on shares of Adient from $21.00 to $19.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $27.00 to $20.00 in a research report on Monday, December 16th. Bank of America downgraded shares of Adient from a “buy” rating to a “neutral” rating and dropped their target price for the company from $30.00 to $24.00 in a report on Thursday, November 21st. StockNews.com cut Adient from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Finally, Barclays dropped their price objective 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. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. According to MarketBeat, Adient presently has an average rating of “Hold” and a consensus target price of $21.88.

Adient Trading Down 1.6 %

The company’s 50 day simple moving average is $17.21 and its 200 day simple moving average is $19.71. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 847.75, a P/E/G ratio of 0.34 and a beta of 2.18.

Adient (NYSE:ADNT) last released its earnings results on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same period last year, the firm earned $0.31 EPS. As a group, research analysts expect that Adient plc will post 1.76 earnings per share for the current fiscal year.

Insider Activity at Adient

In related news, EVP James Conklin sold 11,500 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $20.25, for a total value of $232,875.00. Following the transaction, the executive vice president now owns 51,829 shares of the company’s stock, valued at $1,049,537.25. This represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Institutional Trading of Adient

A number of institutional investors have recently bought and sold shares of ADNT. Point72 Hong Kong Ltd acquired a new stake in shares of Adient during the 4th quarter worth about $25,000. R Squared Ltd purchased a new position in Adient in the fourth quarter valued at approximately $32,000. US Bancorp DE raised its holdings in Adient by 583.8% during the third quarter. US Bancorp DE now owns 1,860 shares of the company’s stock worth $42,000 after purchasing an additional 1,588 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Adient by 10,316.7% during the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company’s stock worth $32,000 after buying an additional 1,857 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Adient by 493.8% in the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after buying an additional 1,822 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

About Adient

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.