Autoliv (NYSE:ALV) Earns Buy Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Autoliv (NYSE:ALV) in a research note published on Tuesday morning, MarketBeat.com reports. The firm currently has a $116.00 price objective on the auto parts company’s stock.

A number of other research analysts have also recently commented on the company. Barclays cut their target price on Autoliv from $125.00 to $115.00 and set an equal weight rating on the stock in a research note on Monday, July 22nd. Wolfe Research started coverage on Autoliv in a research report on Thursday, September 5th. They set an outperform rating and a $120.00 target price for the company. Bank of America cut their price target on shares of Autoliv from $145.00 to $133.00 and set a buy rating on the stock in a report on Monday, July 22nd. BNP Paribas started coverage on shares of Autoliv in a report on Tuesday, June 18th. They set a neutral rating for the company. Finally, Robert W. Baird lowered their price objective on shares of Autoliv from $128.00 to $111.00 and set a neutral rating for the company in a research report on Monday, July 22nd. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $124.79.

Autoliv Price Performance

Shares of Autoliv stock opened at $94.72 on Tuesday. The stock has a 50 day moving average price of $100.47 and a 200-day moving average price of $112.21. Autoliv has a one year low of $89.37 and a one year high of $129.38. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 0.79 and a beta of 1.60. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.73 and a current ratio of 0.98.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 19th. The auto parts company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.57). Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the company posted $1.93 EPS. The company’s revenue was down 1.1% compared to the same quarter last year. Equities analysts expect that Autoliv will post 9.05 EPS for the current year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Wednesday, September 4th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, September 4th. Autoliv’s payout ratio is currently 42.43%.

Hedge Funds Weigh In On Autoliv

A number of large investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in shares of Autoliv in the 2nd quarter worth approximately $402,000. Dana Investment Advisors Inc. boosted its stake in Autoliv by 6.2% in the second quarter. Dana Investment Advisors Inc. now owns 73,481 shares of the auto parts company’s stock valued at $7,862,000 after acquiring an additional 4,319 shares in the last quarter. Truist Financial Corp boosted its stake in Autoliv by 13.8% in the second quarter. Truist Financial Corp now owns 3,133 shares of the auto parts company’s stock valued at $335,000 after acquiring an additional 380 shares in the last quarter. Quarry LP grew its holdings in Autoliv by 133.5% in the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 207 shares during the last quarter. Finally, Algert Global LLC increased its position in shares of Autoliv by 5.7% during the second quarter. Algert Global LLC now owns 57,219 shares of the auto parts company’s stock worth $6,122,000 after purchasing an additional 3,086 shares in the last quarter. 69.57% of the stock is currently owned by 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.