Autoliv (NYSE:ALV) Rating Lowered to Hold at StockNews.com

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

Several other equities analysts have also recently weighed in on ALV. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $116.00 price objective on shares of Autoliv in a research report on Tuesday, September 10th. Barclays cut their price target on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Bank of America lowered their price objective on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Evercore ISI cut their target price on shares of Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Finally, Robert W. Baird raised their price target on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday. 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $124.14.

Autoliv Stock Down 1.5 %

Shares of Autoliv stock opened at $95.02 on Monday. Autoliv has a 12-month low of $89.37 and a 12-month high of $129.38. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. The stock has a 50 day moving average price of $96.47 and a two-hundred day moving average price of $107.08. The stock has a market capitalization of $7.73 billion, a P/E ratio of 14.82, a PEG ratio of 0.82 and a beta of 1.60.

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

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.68 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.72 annualized dividend and a yield of 2.86%. Autoliv’s dividend payout ratio is currently 42.43%.

Institutional Investors Weigh In On Autoliv

Several institutional investors and hedge funds have recently made changes to their positions in the company. Custom Index Systems LLC lifted its holdings in Autoliv by 12.6% during the 3rd quarter. Custom Index Systems LLC now owns 3,282 shares of the auto parts company’s stock valued at $306,000 after purchasing an additional 367 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Autoliv by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 8,561 shares of the auto parts company’s stock worth $799,000 after buying an additional 575 shares in the last quarter. Values First Advisors Inc. raised its stake in shares of Autoliv by 16.1% in the third quarter. Values First Advisors Inc. now owns 2,824 shares of the auto parts company’s stock valued at $264,000 after acquiring an additional 392 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Autoliv by 203.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 106,563 shares of the auto parts company’s stock worth $9,950,000 after acquiring an additional 71,487 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its position in Autoliv by 82.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,031 shares of the auto parts company’s stock worth $376,000 after acquiring an additional 1,824 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Company Profile

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.