Autoliv (NYSE:ALV) Cut to “Hold” at SEB Equities

SEB Equities cut shares of Autoliv (NYSE:ALVGet Rating) from a buy rating to a hold rating in a research report released on Wednesday morning, The Fly reports.

Several other brokerages have also weighed in on ALV. BNP Paribas upgraded shares of Autoliv from an underperform rating to a neutral rating and set a $86.00 price objective on the stock in a report on Tuesday, June 28th. Wells Fargo & Company boosted their target price on shares of Autoliv from $74.00 to $80.00 and gave the stock an equal weight rating in a research report on Monday, July 11th. Citigroup boosted their target price on shares of Autoliv from $75.00 to $89.00 and gave the stock a neutral rating in a research report on Monday, July 25th. Robert W. Baird boosted their target price on shares of Autoliv from $77.00 to $81.00 and gave the stock a neutral rating in a research report on Monday, July 25th. Finally, StockNews.com raised shares of Autoliv from a hold rating to a buy rating in a research report on Wednesday, August 10th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $96.67.

Autoliv Price Performance

Shares of NYSE ALV opened at $71.34 on Wednesday. The firm’s 50-day moving average price is $79.37 and its 200-day moving average price is $76.50. Autoliv has a 1-year low of $66.25 and a 1-year high of $110.59. The firm has a market capitalization of $6.21 billion, a P/E ratio of 18.58 and a beta of 1.67. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.41.

Autoliv (NYSE:ALVGet Rating) last announced its quarterly earnings data on Friday, July 22nd. The auto parts company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.44. Autoliv had a net margin of 4.12% and a return on equity of 11.35%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the business earned $1.20 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Autoliv will post 4.52 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Wednesday, September 7th will be paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Tuesday, September 6th. Autoliv’s payout ratio is currently 66.67%.

Insider Activity at Autoliv

In other Autoliv news, major shareholder Cevian Capital Ii Gp Ltd purchased 162,436 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were bought at an average cost of $79.35 per share, for a total transaction of $12,889,296.60. Following the purchase, the insider now owns 6,053,666 shares of the company’s stock, valued at approximately $480,358,397.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Autoliv news, major shareholder Cevian Capital Ii Gp Ltd purchased 162,436 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were bought at an average cost of $79.35 per share, for a total transaction of $12,889,296.60. Following the purchase, the insider now owns 6,053,666 shares of the company’s stock, valued at approximately $480,358,397.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Magnus Jarlegren sold 496 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $83.39, for a total transaction of $41,361.44. Following the completion of the sale, the executive vice president now owns 3,175 shares in the company, valued at $264,763.25. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 374,916 shares of company stock worth $29,565,398 and have sold 2,496 shares worth $209,361. 0.21% of the stock is currently owned by corporate insiders.

Institutional Trading of Autoliv

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cyrus J. Lawrence LLC bought a new position in shares of Autoliv in the 1st quarter worth $26,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of Autoliv in the 1st quarter worth $31,000. SeaCrest Wealth Management LLC bought a new position in shares of Autoliv in the 2nd quarter worth $33,000. Wahed Invest LLC bought a new position in shares of Autoliv in the 2nd quarter worth $67,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Autoliv in the 2nd quarter worth $72,000. 48.50% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Company Profile

(Get Rating)

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, inflator technologies, and battery cut-off switches, as well as anti-whiplash systems and pedestrian protection systems, and connected safety services and solutions for riders of powered two wheelers.

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Analyst Recommendations for Autoliv (NYSE:ALV)

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