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

Shares of Autoliv, Inc. (NYSE:ALV) have received an average rating of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $122.77.

A number of equities analysts have recently commented on ALV shares. Barclays reduced their price objective on shares of 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 decreased their price objective on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Robert W. Baird increased their target price on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $116.00 price target on shares of Autoliv in a research note on Tuesday, September 10th. Finally, Wells Fargo & Company cut their price objective on Autoliv from $102.00 to $101.00 and set an “equal weight” rating for the company in a report on Monday, October 21st.

Institutional Investors Weigh In On Autoliv

Several hedge funds and other institutional investors have recently made changes to their positions in ALV. Swedbank AB boosted its stake in Autoliv by 20.5% in the second quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company’s stock valued at $252,715,000 after acquiring an additional 402,426 shares during the last quarter. Quantbot Technologies LP boosted its position in shares of Autoliv by 1,437.4% in the 3rd quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company’s stock worth $4,855,000 after purchasing an additional 48,612 shares during the last quarter. HITE Hedge Asset Management LLC boosted its position in shares of Autoliv by 32.9% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 135,424 shares of the auto parts company’s stock worth $12,645,000 after purchasing an additional 33,490 shares during the last quarter. Marshall Wace LLP increased its holdings in Autoliv by 35.8% in the second quarter. Marshall Wace LLP now owns 272,793 shares of the auto parts company’s stock valued at $29,186,000 after purchasing an additional 71,931 shares during the last quarter. Finally, Beddow Capital Management Inc. increased its holdings in Autoliv by 14.4% in the third quarter. Beddow Capital Management Inc. now owns 80,897 shares of the auto parts company’s stock valued at $7,553,000 after purchasing an additional 10,198 shares during the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Trading Down 0.3 %

Autoliv stock opened at $97.53 on Wednesday. Autoliv has a 12 month low of $89.51 and a 12 month high of $129.38. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. The business has a 50 day moving average price of $97.05 and a two-hundred day moving average price of $100.89. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.16). Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business earned $1.66 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities analysts forecast that Autoliv will post 8.19 EPS for the current year.

Autoliv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This is a boost from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Tuesday, December 3rd. Autoliv’s dividend payout ratio is 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.