Adient (NYSE:ADNT) Sees Strong Trading Volume – Should You Buy?

Adient plc (NYSE:ADNT) saw unusually-high trading volume on Monday . Approximately 2,138,597 shares traded hands during trading, an increase of 51% from the previous session’s volume of 1,414,510 shares.The stock last traded at $13.71 and had previously closed at $13.92.

Wall Street Analysts Forecast Growth

ADNT has been the subject of a number of recent analyst reports. Wells Fargo & Company downgraded shares of Adient from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $27.00 to $20.00 in a report on Monday, December 16th. Bank of America downgraded Adient from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $24.00 to $18.00 in a research report on Tuesday, March 4th. UBS Group boosted their price target on shares of Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on shares of Adient from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Finally, Barclays decreased their price objective on Adient from $24.00 to $21.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, Adient has a consensus rating of “Hold” and an average price target of $20.88.

Adient Stock Up 1.8 %

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 company has a market cap of $1.25 billion, a PE ratio of 742.40, a P/E/G ratio of 0.34 and a beta of 2.27. The firm has a 50-day simple moving average of $16.16 and a two-hundred day simple moving average of $18.60.

Adient (NYSE:ADNT) last released its quarterly 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 business earned $0.31 EPS. Research analysts anticipate that Adient plc will post 1.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ADNT. Jefferies Financial Group Inc. grew its stake in Adient by 44.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 13,318 shares of the company’s stock worth $229,000 after purchasing an additional 4,077 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Adient by 105.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 369,035 shares of the company’s stock valued at $6,358,000 after purchasing an additional 189,574 shares during the last quarter. Vident Advisory LLC bought a new position in shares of Adient in the 4th quarter worth about $463,000. Twinbeech Capital LP acquired a new position in shares of Adient in the 4th quarter valued at about $372,000. Finally, State of Wyoming grew its position in shares of Adient by 145.7% during the 4th quarter. State of Wyoming now owns 15,912 shares of the company’s stock valued at $274,000 after buying an additional 9,435 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Adient Company Profile

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.