Autoliv (NYSE:ALV) Upgraded at Daiwa America

Daiwa America upgraded shares of Autoliv (NYSE:ALV) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

A number of other research analysts have also recently commented on the company. Barclays dropped their price target 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 target price for the company in a report on Tuesday. Bank of America reduced their price target on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. StockNews.com lowered shares of Autoliv from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th. Finally, Robert W. Baird boosted their target price on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Autoliv presently has an average rating of “Moderate Buy” and a consensus target price of $121.50.

Autoliv Stock Down 1.7 %

NYSE ALV opened at $93.43 on Tuesday. The business has a fifty day moving average price of $96.37 and a two-hundred day moving average price of $98.12. The stock has a market capitalization of $7.26 billion, a PE ratio of 12.17, a PEG ratio of 0.90 and a beta of 1.59. Autoliv has a fifty-two week low of $89.51 and a fifty-two week high of $129.38. 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 (NYSE:ALV) last posted its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. Autoliv had a net margin of 5.98% and a return on equity of 30.85%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.66 earnings per share. Equities analysts expect that Autoliv will post 8.19 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a $0.70 dividend. This is an increase from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Tuesday, December 3rd. Autoliv’s payout ratio is presently 36.46%.

Hedge Funds Weigh In On Autoliv

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP boosted its stake in Autoliv by 133.5% during the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 207 shares in the last quarter. Fred Alger Management LLC acquired a new position in shares of Autoliv during the third quarter valued at about $45,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 117 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Autoliv by 2,115.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company’s stock valued at $213,000 after buying an additional 2,179 shares during the period. Finally, Foundations Investment Advisors LLC bought a new stake in Autoliv in the 3rd quarter valued at about $222,000. 69.57% of the stock is currently owned by institutional investors.

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.