Autoliv (NYSE:ALV) Downgraded by SEB Equities to “Hold”

SEB Equities cut shares of Autoliv (NYSE:ALVGet Rating) from a buy rating to a hold rating in a report released on Wednesday, The Fly reports.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company increased their target price on Autoliv from $74.00 to $80.00 and gave the stock an equal weight rating in a report on Monday, July 11th. Robert W. Baird increased their target price on Autoliv from $77.00 to $81.00 and gave the stock a neutral rating in a report on Monday, July 25th. Deutsche Bank Aktiengesellschaft increased their target price on Autoliv from $86.00 to $94.00 in a report on Monday, July 18th. BNP Paribas upgraded Autoliv from an underperform rating to a neutral rating and set a $86.00 price objective for the company in a report on Tuesday, June 28th. Finally, StockNews.com upgraded Autoliv from a hold rating to a buy rating in a report on Wednesday, August 10th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $96.67.

Autoliv Price Performance

ALV opened at $71.34 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.41. Autoliv has a 12 month low of $66.25 and a 12 month high of $110.59. The company has a fifty day simple moving average of $79.37 and a 200 day simple moving average of $76.50. The stock has a market cap of $6.21 billion, a P/E ratio of 18.58 and a beta of 1.67.

Autoliv (NYSE:ALVGet Rating) last released its quarterly earnings data on Friday, July 22nd. The auto parts company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.44. Autoliv had a net margin of 4.12% and a return on equity of 11.35%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the prior year, the company earned $1.20 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, research analysts expect that Autoliv will post 4.52 EPS for the current year.

Autoliv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a $2.56 annualized dividend and a yield of 3.59%. Autoliv’s dividend payout ratio (DPR) is presently 66.67%.

Insiders Place Their Bets

In other Autoliv news, EVP Magnus Jarlegren sold 496 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $83.39, for a total transaction of $41,361.44. Following the completion of the sale, the executive vice president now directly owns 3,175 shares in the company, valued at $264,763.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Autoliv news, insider Svante Mogefors sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 12,739 shares in the company, valued at $1,070,076. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Magnus Jarlegren sold 496 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $83.39, for a total transaction of $41,361.44. Following the sale, the executive vice president now owns 3,175 shares of the company’s stock, valued at $264,763.25. The disclosure for this sale can be found here. Over the last three months, insiders purchased 374,916 shares of company stock worth $29,565,398 and sold 2,496 shares worth $209,361. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ALV. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Autoliv by 19.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,875 shares of the auto parts company’s stock worth $297,000 after purchasing an additional 465 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Autoliv by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 447,635 shares of the auto parts company’s stock worth $46,290,000 after purchasing an additional 11,333 shares during the period. Geode Capital Management LLC increased its holdings in shares of Autoliv by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 700,909 shares of the auto parts company’s stock worth $72,480,000 after purchasing an additional 21,547 shares during the period. GSA Capital Partners LLP bought a new position in shares of Autoliv during the fourth quarter worth approximately $899,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Autoliv by 8.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 242,263 shares of the auto parts company’s stock worth $25,052,000 after purchasing an additional 18,525 shares during the period. 48.50% of the stock is owned by institutional investors.

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.

Recommended Stories

The Fly logo

Analyst Recommendations for Autoliv (NYSE:ALV)

Receive News & Ratings for Autoliv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autoliv and related companies with MarketBeat.com's FREE daily email newsletter.