Adient (NYSE:ADNT) Trading 4.1% Higher – Should You Buy?

Adient plc (NYSE:ADNT) shares rose 4.1% during trading on Tuesday . The stock traded as high as $14.46 and last traded at $14.53. Approximately 1,860,545 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 1,541,978 shares. The stock had previously closed at $13.96.

Analyst Ratings Changes

A number of research firms have issued reports on ADNT. Morgan Stanley lowered their target price on Adient from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Monday, March 3rd. Barclays decreased their price objective on Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. UBS Group boosted their target price on Adient from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company cut shares of Adient from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $27.00 to $20.00 in a research note on Monday, December 16th. Finally, StockNews.com lowered shares of Adient from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, Adient presently has an average rating of “Hold” and a consensus price target of $20.88.

Adient Stock Down 10.4 %

The firm has a market capitalization of $1.14 billion, a P/E ratio of 676.25, a PEG ratio of 0.34 and a beta of 2.27. The firm’s 50 day moving average is $16.11 and its two-hundred day moving average is $18.58. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same quarter in the prior year, the company posted $0.31 earnings per share. Research analysts predict that Adient plc will post 1.76 EPS for the current year.

Hedge Funds Weigh In On Adient

Institutional investors have recently bought and sold shares of the business. Pzena Investment Management LLC boosted its stake in shares of Adient by 28.5% during the 4th quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock worth $62,535,000 after acquiring an additional 803,961 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Adient during the fourth quarter worth $11,395,000. Millennium Management LLC boosted its position in Adient by 2,039.0% during the fourth quarter. Millennium Management LLC now owns 610,312 shares of the company’s stock worth $10,516,000 after purchasing an additional 581,779 shares during the period. HITE Hedge Asset Management LLC increased its holdings in shares of Adient by 122.4% in the fourth quarter. HITE Hedge Asset Management LLC now owns 816,286 shares of the company’s stock valued at $14,065,000 after purchasing an additional 449,272 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of Adient by 9.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,197,090 shares of the company’s stock valued at $117,298,000 after purchasing an additional 442,200 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.