Autoliv (NYSE:ALV) Lowered to "Hold" Rating by HSBC

HSBC cut shares of Autoliv (NYSE:ALV - Free Report) from a buy rating to a hold rating in a report released on Tuesday morning, MarketBeat.com reports. They currently have $100.00 target price on the auto parts company's stock, down from their previous target price of $109.00.

Other equities analysts also recently issued reports about the company. Daiwa America raised Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Barclays lowered their price target on shares of Autoliv from $115.00 to $110.00 and set an "equal weight" rating for the company in a report on Tuesday, October 15th. StockNews.com raised shares of Autoliv from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. Mizuho lowered their target price on shares of Autoliv from $115.00 to $112.00 and set an "outperform" rating for the company in a research note on Monday. Finally, Wells Fargo & Company cut their price target on Autoliv from $101.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Autoliv has an average rating of "Moderate Buy" and a consensus price target of $117.23.

Autoliv Stock Down 0.7 %

ALV stock traded down $0.67 during midday trading on Tuesday, hitting $93.32. The company's stock had a trading volume of 686,065 shares, compared to its average volume of 753,871. The firm has a 50-day simple moving average of $96.20 and a 200-day simple moving average of $96.71. The firm has a market capitalization of $7.25 billion, a P/E ratio of 11.56, a PEG ratio of 0.72 and a beta of 1.58. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. Autoliv has a 52-week low of $89.51 and a 52-week high of $129.38.

Autoliv (NYSE:ALV - Get Free Report) last released its earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. As a group, equities analysts forecast that Autoliv will post 10.05 EPS for the current year.

Autoliv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a $0.70 dividend. 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. The ex-dividend date of this dividend was Tuesday, December 3rd. Autoliv's payout ratio is presently 34.70%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in shares of Autoliv by 139.5% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company's stock valued at $26,000 after purchasing an additional 159 shares during the period. AlphaQuest LLC increased its stake in Autoliv by 74.4% in the 4th quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock valued at $29,000 after buying an additional 134 shares during the period. Fred Alger Management LLC purchased a new position in Autoliv during the 3rd quarter worth $45,000. Farther Finance Advisors LLC lifted 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 worth $213,000 after acquiring an additional 2,179 shares during the period. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of Autoliv in the 3rd quarter worth $222,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

About Autoliv

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.