Autoliv, Inc. (NYSE:ALV) Given Average Rating of “Moderate Buy” by Analysts

Autoliv, Inc. (NYSE:ALV) has received an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $126.46.

Several equities analysts have issued reports on ALV shares. HSBC initiated coverage on Autoliv in a research report on Monday, July 15th. They issued a “buy” rating and a $134.00 price objective for the company. Barclays reduced their price target on shares of Autoliv from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, July 22nd. Robert W. Baird decreased their price objective on shares of Autoliv from $128.00 to $111.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Bank of America dropped their target price on shares of Autoliv from $145.00 to $133.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, UBS Group raised shares of Autoliv from a “neutral” rating to a “buy” rating and increased their price target for the company from $102.00 to $141.00 in a research note on Tuesday, May 28th.

Institutional Trading of Autoliv

Institutional investors and hedge funds have recently modified their holdings of the stock. Swedbank AB raised its stake in Autoliv by 20.5% during the 2nd quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company’s stock worth $252,715,000 after buying an additional 402,426 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Autoliv by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company’s stock worth $140,892,000 after purchasing an additional 40,957 shares during the period. Mondrian Investment Partners LTD lifted its holdings in shares of Autoliv by 21.8% during the 2nd quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock valued at $117,330,000 after purchasing an additional 207,521 shares in the last quarter. Public Sector Pension Investment Board grew its position in shares of Autoliv by 41.0% in the 4th quarter. Public Sector Pension Investment Board now owns 958,304 shares of the auto parts company’s stock valued at $105,596,000 after purchasing an additional 278,800 shares during the period. Finally, Norges Bank bought a new stake in Autoliv during the 4th quarter worth approximately $91,065,000. 69.57% of the stock is owned by institutional investors.

Autoliv Stock Up 1.3 %

ALV opened at $102.47 on Monday. The firm has a market cap of $8.21 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 0.84 and a beta of 1.61. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.73 and a current ratio of 0.98. The firm’s 50-day simple moving average is $102.37 and its 200-day simple moving average is $113.10. Autoliv has a twelve month low of $89.37 and a twelve month high of $129.38.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.57). Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the company posted $1.93 earnings per share. Autoliv’s quarterly revenue was down 1.1% compared to the same quarter last year. Equities research analysts anticipate that Autoliv will post 9.05 EPS for the current fiscal year.

Autoliv Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Wednesday, September 4th. Autoliv’s dividend payout ratio (DPR) is currently 42.43%.

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.