StockNews.com Lowers Autoliv (NYSE:ALV) to Hold

StockNews.com cut shares of Autoliv (NYSE:ALVGet Rating) from a buy rating to a hold rating in a report released on Tuesday morning.

ALV has been the topic of a number of other reports. Exane BNP Paribas raised shares of Autoliv from an underperform rating to a neutral rating and set a $86.00 target price on the stock in a research report on Wednesday, June 29th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Autoliv from $86.00 to $94.00 in a research report on Monday, July 18th. Wells Fargo & Company upped their target price on shares of Autoliv from $74.00 to $80.00 and gave the stock an equal weight rating in a research report on Monday, July 11th. Royal Bank of Canada reduced their target price on shares of Autoliv from $116.00 to $97.00 and set an outperform rating on the stock in a research report on Monday, April 25th. Finally, Citigroup upped their target price on shares of Autoliv from $75.00 to $89.00 and gave the stock a neutral rating in a research report on Monday, July 25th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $96.67.

Autoliv Stock Down 3.0 %

Shares of Autoliv stock opened at $78.64 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $77.24 and its two-hundred day simple moving average is $80.68. The company has a market cap of $6.85 billion, a P/E ratio of 20.48 and a beta of 1.66. Autoliv has a 12-month low of $66.25 and a 12-month high of $110.59.

Autoliv (NYSE:ALVGet Rating) last issued its quarterly earnings data on Friday, July 22nd. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.54. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. Autoliv had a net margin of 4.12% and a return on equity of 11.35%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 EPS. Research analysts anticipate that Autoliv will post 4.5 EPS for the current year.

Autoliv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 13th. Shareholders of record on Tuesday, May 24th were paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Monday, May 23rd. Autoliv’s dividend payout ratio is currently 66.67%.

Insider Buying and Selling at Autoliv

In other news, insider Svante Mogefors sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $84.00, for a total transaction of $84,000.00. Following the completion of the sale, the insider now owns 12,739 shares of the company’s stock, valued at approximately $1,070,076. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Autoliv

Several hedge funds and other institutional investors have recently made changes to their positions in the business. AMG National Trust Bank increased its position in shares of Autoliv by 30.6% during the 2nd quarter. AMG National Trust Bank now owns 17,378 shares of the auto parts company’s stock valued at $1,244,000 after purchasing an additional 4,073 shares during the last quarter. M&T Bank Corp increased its position in shares of Autoliv by 1.5% during the 2nd quarter. M&T Bank Corp now owns 9,670 shares of the auto parts company’s stock valued at $673,000 after purchasing an additional 145 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in shares of Autoliv during the 2nd quarter valued at about $1,750,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Autoliv by 2,241.0% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,274 shares of the auto parts company’s stock valued at $449,000 after purchasing an additional 6,006 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Autoliv by 8.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 10,286 shares of the auto parts company’s stock valued at $736,000 after purchasing an additional 811 shares during the last quarter. Hedge funds and other institutional investors own 62.02% of the company’s stock.

About Autoliv

(Get Rating)

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, inflator technologies, and battery cut-off switches, as well as anti-whiplash systems and pedestrian protection systems, and connected safety services and solutions for riders of powered two wheelers.

Further Reading

Analyst Recommendations for Autoliv (NYSE:ALV)

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