Autoliv (NYSE:ALV) Upgraded by Daiwa Capital Markets to “Outperform” Rating

Daiwa Capital Markets upgraded shares of Autoliv (NYSE:ALV) from a neutral rating to an outperform rating in a research note issued to investors on Tuesday, MarketBeat reports. They currently have $109.00 price target on the auto parts company’s stock.

ALV has been the subject of a number of other reports. StockNews.com downgraded Autoliv from a “buy” rating to a “hold” rating in a research report on Wednesday, December 25th. Wells Fargo & Company reduced their price target on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $116.00 price objective on shares of Autoliv in a research note on Tuesday, September 10th. Robert W. Baird boosted their target price on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, Barclays reduced their price target on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.50.

Autoliv Price Performance

NYSE:ALV opened at $94.84 on Tuesday. Autoliv has a 52 week low of $89.51 and a 52 week high of $129.38. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. The firm’s 50-day simple moving average is $96.40 and its 200 day simple moving average is $98.15. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 0.90 and a beta of 1.59.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.16). The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.66 earnings per share. As a group, sell-side analysts predict that Autoliv will post 8.19 earnings per share for the current year.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.95%. This is an increase from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, December 3rd. Autoliv’s dividend payout ratio is presently 36.46%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP raised its position in shares of Autoliv by 133.5% during the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 207 shares during the last quarter. Fred Alger Management LLC acquired a new stake in Autoliv during the 3rd quarter valued at approximately $45,000. Benjamin F. Edwards & Company Inc. raised its holdings in Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 117 shares during the last quarter. Farther Finance Advisors LLC lifted its position 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 purchasing an additional 2,179 shares during the period. Finally, Foundations Investment Advisors LLC acquired a new position in shares of Autoliv in the 3rd quarter worth approximately $222,000. 69.57% of the stock is owned by institutional investors and hedge funds.

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.