StockNews.com Lowers Autoliv (NYSE:ALV) to Hold

StockNews.com downgraded shares of Autoliv (NYSE:ALV) from a buy rating to a hold rating in a research report released on Monday morning.

Other research analysts have also issued research reports about the stock. Wolfe Research started coverage on shares of Autoliv in a research report on Thursday, September 5th. They set an “outperform” rating and a $120.00 target price on the stock. Bank of America reduced their price target on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Evercore ISI dropped their price objective on Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. HSBC initiated coverage on Autoliv in a report on Monday, July 15th. They set a “buy” rating and a $134.00 target price on the stock. Finally, Barclays cut their price objective on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.14.

Autoliv Stock Performance

NYSE:ALV opened at $96.51 on Monday. The stock has a 50 day simple moving average of $96.57 and a 200 day simple moving average of $107.17. The stock has a market cap of $7.85 billion, a P/E ratio of 15.06, a PEG ratio of 0.82 and a beta of 1.60. Autoliv has a 1-year low of $89.37 and a 1-year high of $129.38. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the business posted $1.66 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Research analysts anticipate that Autoliv will post 8.44 earnings per share for the current year.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.72 annualized dividend and a dividend yield of 2.82%. Autoliv’s dividend payout ratio (DPR) is presently 42.43%.

Institutional Investors Weigh In On Autoliv

Several hedge funds have recently modified their holdings of the company. State of Michigan Retirement System boosted its stake in shares of Autoliv by 0.6% during the first quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock valued at $2,180,000 after purchasing an additional 100 shares in the last quarter. KRS Capital Management LLC raised its holdings in Autoliv by 3.7% in the 1st quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock valued at $336,000 after buying an additional 100 shares during the last quarter. GAMMA Investing LLC boosted its position in Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after buying an additional 101 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after buying an additional 117 shares during the period. Finally, Smithfield Trust Co increased its position in Autoliv by 12.1% in the 1st quarter. Smithfield Trust Co now owns 1,330 shares of the auto parts company’s stock valued at $160,000 after acquiring an additional 144 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.