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

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

Several other equities research analysts have also recently commented on ALV. Robert W. Baird increased their price target on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Daiwa Capital Markets raised Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price target for the company in a report on Tuesday, January 7th. Wells Fargo & Company cut their price target on Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a report on Monday, December 16th. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Mizuho cut their price target on Autoliv from $115.00 to $112.00 and set an “outperform” rating for the company in a report on Monday. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.23.

Autoliv Price Performance

Shares of Autoliv stock opened at $94.24 on Tuesday. The business has a 50 day simple moving average of $96.38 and a two-hundred day simple moving average of $96.75. Autoliv has a 12 month low of $89.51 and a 12 month high of $129.38. The stock has a market capitalization of $7.32 billion, a P/E ratio of 11.68, a PEG ratio of 0.72 and a beta of 1.58. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71.

Autoliv (NYSE:ALV) 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 return on equity of 28.62% and a net margin of 6.21%. As a group, analysts predict that Autoliv will post 10.05 EPS for the current fiscal year.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a $0.70 dividend. This is a boost from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Tuesday, December 3rd. Autoliv’s dividend payout ratio (DPR) is presently 34.70%.

Institutional Trading of Autoliv

Several hedge funds have recently modified their holdings of the stock. Todd Asset Management LLC acquired a new stake in Autoliv in the fourth quarter valued at $3,536,000. Bank of New York Mellon Corp increased its position in shares of Autoliv by 3.9% during the fourth quarter. Bank of New York Mellon Corp now owns 406,348 shares of the auto parts company’s stock worth $38,111,000 after purchasing an additional 15,202 shares in the last quarter. Impax Asset Management Group plc grew its holdings in shares of Autoliv by 9.5% during the fourth quarter. Impax Asset Management Group plc now owns 75,405 shares of the auto parts company’s stock worth $7,072,000 after buying an additional 6,557 shares during the last quarter. Alberta Investment Management Corp purchased a new position in shares of Autoliv during the fourth quarter worth about $1,107,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Autoliv during the fourth quarter worth about $3,392,000. 69.57% of the stock is currently 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.