Autoliv (NYSE:ALV) Downgraded to Hold Rating by StockNews.com

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

A number of other analysts have also weighed in on ALV. Hsbc Global Res lowered Autoliv from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Daiwa Capital Markets upgraded Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price for the company in a report on Tuesday, January 7th. Mizuho lowered their target price on Autoliv from $115.00 to $112.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Pareto Securities lowered Autoliv to a “hold” rating in a report on Monday, February 3rd. Finally, HSBC lowered Autoliv from a “buy” rating to a “hold” rating and lowered their target price for the stock from $109.00 to $100.00 in a report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.23.

Autoliv Stock Up 0.9 %

Shares of NYSE ALV opened at $99.10 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 0.73 and a beta of 1.58. The stock has a 50 day moving average price of $95.90 and a 200 day moving average price of $96.61. Autoliv has a 52-week low of $89.51 and a 52-week high of $129.38.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. Sell-side analysts expect that Autoliv will post 9.51 earnings per share for the current year.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Friday, March 7th. Autoliv’s payout ratio is 34.70%.

Hedge Funds Weigh In On Autoliv

Several hedge funds have recently made changes to their positions in ALV. UMB Bank n.a. increased its position in shares of Autoliv by 139.5% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 159 shares during the period. AlphaQuest LLC increased its position in shares of Autoliv by 74.4% in the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 134 shares during the period. Fred Alger Management LLC acquired a new position in shares of Autoliv in the 3rd quarter valued at $45,000. Twin Tree Management LP acquired a new position in shares of Autoliv in the 4th quarter valued at $50,000. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of Autoliv in the 4th quarter valued at $57,000. 69.57% of the stock is owned by institutional investors and hedge funds.

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.