Adient PLC (NYSE:ADNT)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $14.38 and last traded at $14.48, with a volume of 1523883 shares trading hands. The stock had previously closed at $15.04.

A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Adient from a “strong sell” rating to a “hold” rating in a research report on Monday, January 14th. Longbow Research restated a “buy” rating and issued a $28.00 price objective on shares of Adient in a research report on Monday, January 28th. Barclays set a $19.00 price objective on shares of Adient and gave the company a “hold” rating in a research report on Friday, January 4th. Morgan Stanley set a $16.00 price objective on shares of Adient and gave the company a “sell” rating in a research report on Tuesday, January 29th. Finally, Seaport Global Securities assumed coverage on shares of Adient in a research report on Wednesday, February 13th. They issued a “neutral” rating on the stock. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $31.00.

The company has a market capitalization of $1.30 billion, a PE ratio of 2.48, a P/E/G ratio of 0.54 and a beta of 2.17. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.77 and a current ratio of 1.00.

Adient (NYSE:ADNT) last issued its earnings results on Thursday, February 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.17). The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.17 billion. Adient had a positive return on equity of 13.15% and a negative net margin of 8.54%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 EPS. As a group, equities analysts expect that Adient PLC will post 2.32 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of ADNT. Oregon Public Employees Retirement Fund lifted its stake in shares of Adient by 1,406.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 553,094 shares of the company’s stock worth $37,000 after buying an additional 516,368 shares in the last quarter. Quantamental Technologies LLC bought a new position in Adient during the fourth quarter valued at approximately $91,000. Bank of Montreal Can lifted its position in Adient by 34.3% during the fourth quarter. Bank of Montreal Can now owns 7,639 shares of the company’s stock valued at $114,000 after purchasing an additional 1,952 shares during the period. D.A. Davidson & CO. lifted its position in Adient by 7.4% during the fourth quarter. D.A. Davidson & CO. now owns 10,306 shares of the company’s stock valued at $155,000 after purchasing an additional 709 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Adient by 50.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,708 shares of the company’s stock valued at $176,000 after purchasing an additional 3,914 shares during the period.

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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.

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