Autoliv (NYSE:ALV) Upgraded at Daiwa Capital Markets

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

A number of other analysts also recently issued reports on ALV. StockNews.com downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th. Wells Fargo & Company decreased their price objective on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $116.00 price objective on shares of Autoliv in a report on Tuesday, September 10th. Bank of America reduced their target price on Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Finally, Barclays lowered their target price on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.50.

Autoliv Trading Down 1.7 %

Shares of ALV stock opened at $93.43 on Tuesday. 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 stock has a fifty day simple moving average of $96.37 and a two-hundred day simple moving average of $98.12. The firm has a market capitalization of $7.26 billion, a PE ratio of 12.17, a PEG ratio of 0.90 and a beta of 1.59. Autoliv has a 52-week low of $89.51 and a 52-week high of $129.38.

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

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.00%. The ex-dividend date was Tuesday, December 3rd. This is a boost from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio (DPR) is 36.46%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Legend Financial Advisors Inc. raised its holdings in Autoliv by 1.8% in the fourth quarter. Legend Financial Advisors Inc. now owns 6,344 shares of the auto parts company’s stock worth $595,000 after purchasing an additional 115 shares in the last quarter. Fortem Financial Group LLC increased its holdings in shares of Autoliv by 3.5% during the fourth quarter. Fortem Financial Group LLC now owns 6,753 shares of the auto parts company’s stock valued at $633,000 after acquiring an additional 228 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Autoliv by 38.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company’s stock valued at $25,800,000 after purchasing an additional 76,510 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Autoliv in the 3rd quarter valued at approximately $1,684,000. Finally, Neo Ivy Capital Management lifted its stake in shares of Autoliv by 226.6% during the third quarter. Neo Ivy Capital Management now owns 19,842 shares of the auto parts company’s stock worth $1,852,000 after buying an additional 13,766 shares during the period. 69.57% of the stock is owned by institutional investors.

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.