Autoliv (NYSE:ALV) Stock Price Breaks Below 50-Day Moving Average – What’s Next?

Autoliv, Inc. (NYSE:ALV)’s stock price passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $120.36 and traded as low as $111.52. Autoliv shares last traded at $111.8420, with a volume of 714,941 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wall Street Zen lowered Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Wolfe Research lowered Autoliv from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, September 23rd. Weiss Ratings raised Autoliv from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 24th. Wells Fargo & Company boosted their price objective on Autoliv from $116.00 to $122.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Finally, UBS Group increased their price objective on Autoliv from $110.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Autoliv presently has a consensus rating of “Hold” and an average target price of $134.79.

Autoliv Trading Down 1.1%

The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $8.19 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The stock’s fifty day moving average price is $120.36 and its two-hundred day moving average price is $118.08.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the prior year, the firm earned $2.21 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts anticipate that Autoliv, Inc. will post 10.04 earnings per share for the current year.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, August 28th. Autoliv’s dividend payout ratio is currently 40.99%.

Institutional Trading of Autoliv

Several large investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC bought a new position in Autoliv in the 2nd quarter worth $60,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Autoliv during the 2nd quarter valued at about $62,000. Integrated Wealth Concepts LLC purchased a new position in shares of Autoliv during the second quarter valued at about $69,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Autoliv during the second quarter valued at about $78,000. Finally, GAMMA Investing LLC raised its stake in Autoliv by 16.5% in the second quarter. GAMMA Investing LLC now owns 988 shares of the auto parts company’s stock worth $115,000 after buying an additional 140 shares in the last quarter. Institutional investors own 69.57% of the company’s stock.

About Autoliv

Autoliv, Inc (NYSE: ALV) is a Swedish-American automotive safety supplier that develops and manufactures systems designed to protect vehicle occupants and other road users. Its products include airbags, seat belts, steering wheels, inflators, restraint systems and related safety components used by automobile manufacturers worldwide.

The company serves global automakers and operates engineering, manufacturing and technical centers across major automotive markets in Europe, the Americas and Asia.