Autoliv (NYSE:ALV) Rating Lowered to Hold at StockNews.com

Autoliv (NYSE:ALV) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

A number of other research analysts also recently weighed in on ALV. Cowen initiated coverage on shares of Autoliv in a report on Thursday, March 6th. They set a “buy” rating on the stock. HSBC cut Autoliv from a “buy” rating to a “hold” rating and reduced their price target for the stock from $109.00 to $100.00 in a research report on Tuesday, February 4th. Mizuho lowered their price objective on Autoliv from $115.00 to $112.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. Hsbc Global Res lowered Autoliv from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, TD Cowen initiated coverage on Autoliv in a research report on Friday, March 7th. They set a “buy” rating and a $116.00 target price for the company. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $117.14.

Autoliv Stock Performance

Shares of NYSE ALV opened at $80.82 on Thursday. 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 has a one year low of $78.00 and a one year high of $129.38. The business’s 50-day moving average price is $94.16 and its two-hundred day moving average price is $95.32. The company has a market capitalization of $6.26 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, beating the consensus estimate of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. Analysts anticipate that Autoliv will post 9.51 earnings per share for the current fiscal year.

Insider Activity at Autoliv

In other Autoliv news, insider Magnus Jarlegren sold 1,289 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total value of $127,391.87. Following the sale, the insider now owns 6,142 shares of the company’s stock, valued at $607,013.86. The trade was a 17.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Per Jonas Jademyr sold 401 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total transaction of $39,638.85. Following the transaction, the executive vice president now directly owns 685 shares of the company’s stock, valued at $67,712.25. The trade was a 36.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,253 shares of company stock worth $915,534. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALV. FMR LLC raised its holdings in shares of Autoliv by 9.9% in the 4th quarter. FMR LLC now owns 7,146,500 shares of the auto parts company’s stock worth $670,270,000 after buying an additional 641,895 shares in the last quarter. Norges Bank bought a new position in Autoliv during the 4th quarter valued at about $36,761,000. FIL Ltd boosted its position in Autoliv by 17.3% in the fourth quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company’s stock valued at $223,433,000 after buying an additional 351,876 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Autoliv by 67.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 701,994 shares of the auto parts company’s stock worth $65,840,000 after buying an additional 284,002 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Autoliv during the fourth quarter worth approximately $25,749,000. Institutional investors own 69.57% of the company’s stock.

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.