Autoliv (NYSE:ALV) Rating Lowered to Hold at Hsbc Global Res

Hsbc Global Res downgraded shares of Autoliv (NYSE:ALV - Free Report) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

ALV has been the subject of a number of other research reports. Daiwa America upgraded shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Barclays dropped their target price on shares of Autoliv from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 15th. Daiwa Capital Markets upgraded shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $109.00 target price for the company in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Autoliv from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of Autoliv from $101.00 to $97.00 and set an "equal weight" rating for the company in a research report on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $117.23.

Autoliv Stock Performance

ALV stock traded down $0.67 during midday trading on Tuesday, reaching $93.32. 686,065 shares of the company's stock traded hands, compared to its average volume of 776,826. Autoliv has a 52-week low of $89.51 and a 52-week high of $129.38. The stock has a market cap of $7.25 billion, a P/E ratio of 11.56, a PEG ratio of 0.69 and a beta of 1.58. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The stock's 50-day moving average is $96.20 and its 200 day moving average is $96.71.

Autoliv (NYSE:ALV - Get Free Report) last announced its earnings results on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. As a group, analysts anticipate that Autoliv will post 9.7 EPS for the current year.

Autoliv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.00%. This is a boost from Autoliv's previous quarterly dividend of $0.68. Autoliv's payout ratio is presently 34.70%.

Institutional Trading of Autoliv

A number of institutional investors have recently modified their holdings of the company. FMR LLC grew its holdings in shares of Autoliv by 6.1% during the 3rd quarter. FMR LLC now owns 6,504,605 shares of the auto parts company's stock worth $607,335,000 after purchasing an additional 376,665 shares during the period. Swedbank AB boosted its holdings in Autoliv by 8.7% in the 3rd quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company's stock worth $239,707,000 after acquiring an additional 205,241 shares during the period. Geode Capital Management LLC boosted its holdings in Autoliv by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company's stock worth $92,221,000 after acquiring an additional 95,888 shares during the period. Wellington Management Group LLP boosted its holdings in Autoliv by 21.2% in the 3rd quarter. Wellington Management Group LLP now owns 910,437 shares of the auto parts company's stock worth $85,008,000 after acquiring an additional 159,067 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Autoliv by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,629 shares of the auto parts company's stock worth $45,530,000 after acquiring an additional 4,060 shares during the period. Hedge funds and other institutional investors 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.