Autoliv (NYSE:ALV) Cut to “Peer Perform” at Wolfe Research

Wolfe Research lowered shares of Autoliv (NYSE:ALV) from an outperform rating to a peer perform rating in a research report report published on Wednesday, MarketBeat.com reports.

ALV has been the subject of a number of other research reports. Royal Bank Of Canada cut their target price on shares of Autoliv from $148.00 to $147.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Wall Street Zen lowered Autoliv from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Jefferies Financial Group dropped their price target on Autoliv from $134.00 to $119.00 and set a “hold” rating for the company in a report on Tuesday. Weiss Ratings downgraded Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, July 20th. Finally, TD Cowen lowered Autoliv from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $148.00 to $137.00 in a research note on Tuesday, September 8th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $134.79.

Autoliv Stock Up 3.2%

Shares of ALV opened at $117.60 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03. The company has a 50-day simple moving average of $120.83 and a 200-day simple moving average of $117.85. Autoliv has a 52 week low of $99.16 and a 52 week high of $132.17. The firm has a market capitalization of $8.61 billion, a P/E ratio of 13.85, a P/E/G ratio of 0.91 and a beta of 1.36.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.03). Autoliv had a return on equity of 29.36% and a net margin of 5.79%.The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the firm earned $2.21 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts expect that Autoliv will post 10.04 earnings per share for the current year.

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, August 28th. Autoliv’s dividend payout ratio (DPR) is 40.99%.

Institutional Investors Weigh In On Autoliv

A number of institutional investors have recently made changes to their positions in the stock. Allworth Financial LP increased its position in shares of Autoliv by 298.8% in the 4th quarter. Allworth Financial LP now owns 327 shares of the auto parts company’s stock valued at $39,000 after buying an additional 245 shares in the last quarter. Global Retirement Partners LLC bought a new position in Autoliv during the second quarter worth about $60,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Autoliv in the second quarter valued at about $62,000. Integrated Wealth Concepts LLC acquired a new position in Autoliv in the second quarter valued at about $69,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Autoliv in the second quarter worth about $78,000. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Company Profile

Autoliv, Inc is a global supplier of automotive safety systems. The company develops and manufactures products designed to help protect vehicle occupants and other road users, including airbags, seat belts, steering wheels, restraint systems and pedestrian-protection solutions.

Autoliv supplies automotive manufacturers and operates across major vehicle-producing regions, including Europe, the Americas and Asia. Its products are incorporated into vehicles produced by automakers worldwide, and the company works with vehicle manufacturers to develop safety systems for passenger cars and other vehicles.

The company’s roots trace to Sweden in 1953, and it has grown into an international automotive-safety business through organic development and acquisitions.