Autoliv (NYSE:ALV) Cut to Hold at StockNews.com

StockNews.com cut shares of Autoliv (NYSE:ALV - Free Report) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

Several other research firms have also recently commented on ALV. Hsbc Global Res cut shares of Autoliv from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Pareto Securities cut Autoliv to a "hold" rating in a research report on Monday, February 3rd. Cowen started coverage on Autoliv in a report on Thursday, March 6th. They set a "buy" rating for the company. TD Cowen started coverage on Autoliv in a research note on Friday, March 7th. They issued a "buy" rating and a $116.00 target price on the stock. Finally, Mizuho decreased their price target on shares of Autoliv from $115.00 to $112.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Ten analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.14.

Autoliv Trading Down 2.8 %

Shares of ALV stock traded down $2.25 on Thursday, reaching $77.47. The company had a trading volume of 292,950 shares, compared to its average volume of 788,073. The stock has a market cap of $6.00 billion, a PE ratio of 9.54, a PEG ratio of 0.73 and a beta of 1.47. The company has a 50-day moving average of $93.72 and a 200-day moving average of $95.18. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. Autoliv has a 12 month low of $76.82 and a 12 month high of $129.38.

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Autoliv (NYSE:ALV - Get Free Report) last posted its earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. On average, equities analysts forecast that Autoliv will post 9.51 earnings per share for the current year.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Friday, March 7th. Autoliv's payout ratio is presently 34.70%.

Insiders Place Their Bets

In related news, insider Magnus Jarlegren sold 1,289 shares of Autoliv stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total transaction of $127,391.87. Following the completion of the sale, the insider now directly owns 6,142 shares of the company's stock, valued at approximately $607,013.86. This trade represents a 17.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Fredrik Westin sold 1,803 shares of Autoliv stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total transaction of $178,839.57. Following the completion of the sale, the chief financial officer now owns 7,261 shares of the company's stock, valued at $720,218.59. This trade represents a 19.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,253 shares of company stock valued at $915,534 over the last ninety days. 0.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Autoliv

A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in Autoliv by 9.9% in the 4th quarter. FMR LLC now owns 7,146,500 shares of the auto parts company's stock valued at $670,270,000 after acquiring an additional 641,895 shares in the last quarter. FIL Ltd increased its position in shares of Autoliv by 17.3% in the fourth quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company's stock worth $223,433,000 after purchasing an additional 351,876 shares during the period. Dimensional Fund Advisors LP raised its stake in Autoliv by 9.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,623,600 shares of the auto parts company's stock valued at $152,275,000 after purchasing an additional 134,347 shares in the last quarter. Mondrian Investment Partners LTD lifted its position in Autoliv by 4.5% during the fourth quarter. Mondrian Investment Partners LTD now owns 1,378,636 shares of the auto parts company's stock worth $133,259,000 after purchasing an additional 59,592 shares during the period. Finally, Wellington Management Group LLP grew its stake in Autoliv by 12.5% during the fourth quarter. Wellington Management Group LLP now owns 1,023,937 shares of the auto parts company's stock worth $96,035,000 after buying an additional 113,500 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company's stock.

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.