Autoliv (NYSE:ALV) Downgraded by StockNews.com

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

Other research analysts also recently issued reports about the company. Wolfe Research assumed coverage on Autoliv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective on the stock. Evercore ISI cut their price target on Autoliv from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $116.00 price objective on shares of Autoliv in a research note on Tuesday, September 10th. HSBC assumed coverage on shares of Autoliv in a research note on Monday, July 15th. They set a “buy” rating and a $134.00 target price on the stock. Finally, Robert W. Baird lifted their price target on shares of Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.14.

Autoliv Stock Performance

Shares of ALV stock opened at $96.51 on Monday. The stock has a market capitalization of $7.85 billion, a PE ratio of 15.06, a PEG ratio of 0.82 and a beta of 1.60. The business’s 50 day simple moving average is $96.57 and its 200 day simple moving average is $107.17. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.73. Autoliv has a one year low of $89.37 and a one year high of $129.38.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share 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 analyst estimates of $2.52 billion. Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 earnings per share. As a group, research analysts forecast 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. Stockholders of record on Wednesday, September 4th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.82%. The ex-dividend date was Wednesday, September 4th. Autoliv’s dividend payout ratio (DPR) is presently 42.43%.

Institutional Investors Weigh In On Autoliv

Institutional investors have recently bought and sold shares of the stock. Register Financial Advisors LLC purchased a new position in Autoliv during the 1st quarter worth $36,000. KRS Capital Management LLC boosted its holdings in Autoliv by 3.7% during the first quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock worth $336,000 after purchasing an additional 100 shares during the last quarter. Toth Financial Advisory Corp increased its stake in Autoliv by 21.0% in the 1st quarter. Toth Financial Advisory Corp now owns 9,524 shares of the auto parts company’s stock valued at $1,147,000 after buying an additional 1,650 shares during the last quarter. Griffin Asset Management Inc. bought a new position in shares of Autoliv during the 1st quarter worth approximately $222,000. Finally, State of Michigan Retirement System boosted its stake in shares of Autoliv by 0.6% in the 1st quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock worth $2,180,000 after buying an additional 100 shares during the last quarter. Institutional investors 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.