Adient (ADNT) Hits New 12-Month Low at $13.36
Adient PLC (NYSE:ADNT)’s share price hit a new 52-week low on Wednesday . The company traded as low as $13.36 and last traded at $13.13, with a volume of 65818 shares traded. The stock had previously closed at $14.14.
A number of brokerages have recently weighed in on ADNT. Royal Bank of Canada lowered Adient from a “sector perform” rating to an “underperform” rating and lowered their target price for the stock from $17.00 to $16.00 in a research report on Wednesday, January 23rd. They noted that the move was a valuation call. Deutsche Bank started coverage on Adient in a research report on Thursday, December 13th. They issued a “hold” rating for the company. Seaport Global Securities started coverage on Adient in a research report on Wednesday, February 13th. They issued a “neutral” rating for the company. Morgan Stanley set a $16.00 price target on Adient and gave the company a “sell” rating in a research report on Tuesday, January 29th. Finally, KeyCorp raised Adient from an “underweight” rating to a “sector weight” rating in a research report on Monday. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Adient currently has a consensus rating of “Hold” and an average price target of $31.00.
The stock has a market cap of $1.32 billion, a P/E ratio of 2.32, a price-to-earnings-growth ratio of 0.52 and a beta of 2.17. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.00 and a quick ratio of 0.77.
Institutional investors have recently made changes to their positions in the company. Parametrica Management Ltd purchased a new stake in shares of Adient during the 4th quarter valued at $328,000. Vanguard Group Inc. increased its position in shares of Adient by 7.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,688,703 shares of the company’s stock valued at $66,383,000 after purchasing an additional 110,884 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Adient by 111.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 265,881 shares of the company’s stock valued at $10,452,000 after purchasing an additional 139,963 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Adient during the 3rd quarter valued at $1,798,000. Finally, Legal & General Group Plc increased its position in shares of Adient by 22.4% during the 3rd quarter. Legal & General Group Plc now owns 459,373 shares of the company’s stock valued at $18,058,000 after purchasing an additional 83,996 shares during the last quarter.
About Adient (NYSE:ADNT)
Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.
Further Reading: Return on Investment (ROI) Defined, Explained
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