Autoliv (NYSE:ALV) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Autoliv (NYSE:ALV) from a buy rating to a hold rating in a research note published on Wednesday.

A number of other equities research analysts also recently weighed in on ALV. Wolfe Research assumed coverage on Autoliv in a report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $116.00 price target on shares of Autoliv in a research report on Tuesday, September 10th. Robert W. Baird increased their price objective on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Wells Fargo & Company reduced their target price on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Monday, December 16th. Finally, Barclays dropped their target price 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 investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $122.46.

Autoliv Stock Up 1.7 %

Shares of ALV stock opened at $93.69 on Wednesday. Autoliv has a one year low of $89.51 and a one year high of $129.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The stock has a fifty day moving average price of $96.88 and a 200 day moving average price of $99.36. The stock has a market cap of $7.38 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the business posted $1.66 earnings per share. Autoliv’s revenue was down 1.6% on a year-over-year basis. Analysts predict that Autoliv will post 8.19 earnings per share for the current year.

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.70 per share. This is a boost from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Tuesday, December 3rd. Autoliv’s dividend payout ratio is 36.46%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ALV. Quarry LP increased its stake in shares of Autoliv by 133.5% in the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after buying an additional 207 shares during the period. Fred Alger Management LLC bought a new position in Autoliv in the third quarter valued at about $45,000. Benjamin F. Edwards & Company Inc. increased its position in Autoliv by 14.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 117 shares during the period. Picton Mahoney Asset Management bought a new stake in Autoliv during the 2nd quarter worth about $156,000. Finally, Rothschild Investment LLC bought a new stake in Autoliv during the 2nd quarter worth about $209,000. Institutional investors 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.