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

Shares of Autoliv, Inc. (NYSE:ALV) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $121.62.

ALV has been the subject of several analyst reports. Daiwa America raised Autoliv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Wells Fargo & Company lowered their price objective on Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th. Barclays lowered their price objective on Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Daiwa Capital Markets raised Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price objective for the company in a research note on Tuesday, January 7th. Finally, Bank of America lowered their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ALV. Envestnet Asset Management Inc. increased its holdings in Autoliv by 4.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 41,129 shares of the auto parts company’s stock worth $4,400,000 after purchasing an additional 1,851 shares during the period. Sei Investments Co. increased its holdings in Autoliv by 5.1% during the 2nd quarter. Sei Investments Co. now owns 37,102 shares of the auto parts company’s stock worth $3,969,000 after purchasing an additional 1,809 shares during the period. Quarry LP increased its holdings in Autoliv by 133.5% during the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 207 shares during the period. Truist Financial Corp increased its holdings in Autoliv by 13.8% during the 2nd quarter. Truist Financial Corp now owns 3,133 shares of the auto parts company’s stock worth $335,000 after purchasing an additional 380 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in Autoliv during the 2nd quarter worth $402,000. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Price Performance

NYSE:ALV opened at $101.20 on Thursday. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 0.73 and a beta of 1.59. Autoliv has a 1 year low of $89.51 and a 1 year high of $129.38. The business has a 50 day simple moving average of $96.61 and a 200-day simple moving average of $97.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71.

Autoliv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. This is an increase from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Tuesday, December 3rd. Autoliv’s dividend payout ratio (DPR) is presently 36.46%.

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.