Adient (NYSE:ADNT) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Adient (NYSE:ADNT) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $19.76 and traded as low as $18.60. Adient shares last traded at $19.09, with a volume of 852,023 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ADNT shares. Zacks Research downgraded shares of Adient from a “hold” rating to a “strong sell” rating in a research report on Monday, August 17th. JPMorgan Chase & Co. raised their target price on Adient from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Weiss Ratings lowered Adient from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 21st. Wall Street Zen downgraded Adient from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Morgan Stanley lowered their price objective on Adient from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 18th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Adient currently has an average rating of “Hold” and an average price target of $26.60.

Adient Price Performance

The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 1.18. The stock has a 50 day simple moving average of $19.76 and a 200-day simple moving average of $21.24. The firm has a market cap of $1.47 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 0.39 and a beta of 1.52.

Adient (NYSE:ADNT) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.08). The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.71 billion. Adient had a return on equity of 7.32% and a net margin of 0.32%.The business’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned $0.45 EPS. Equities analysts anticipate that Adient will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Adient

In related news, EVP Heather M. Tiltmann sold 22,000 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president owned 110,886 shares in the company, valued at approximately $2,518,221.06. This represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

Institutional Trading of Adient

Several hedge funds have recently bought and sold shares of the stock. Leonteq Securities AG purchased a new position in shares of Adient during the fourth quarter valued at about $30,000. Quarry LP lifted its position in shares of Adient by 163.9% in the third quarter. Quarry LP now owns 2,304 shares of the company’s stock worth $55,000 after buying an additional 1,431 shares in the last quarter. Parallel Advisors LLC boosted its stake in Adient by 19.4% during the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock valued at $64,000 after buying an additional 517 shares during the last quarter. Raymond James Financial Inc. bought a new position in Adient during the second quarter valued at approximately $63,000. Finally, Los Angeles Capital Management LLC purchased a new position in Adient during the 4th quarter valued at approximately $64,000. Hedge funds and other 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.