Autoliv (NYSE:ALV) Downgraded by SEB Equity Research

SEB Equity Research lowered shares of Autoliv (NYSE:ALVGet Rating) to a hold rating in a report issued on Wednesday, Stock Target Advisor reports.

Several other research firms have also weighed in on ALV. Exane BNP Paribas raised shares of Autoliv from an underperform rating to a neutral rating and set a $86.00 target price for the company in a report on Wednesday, June 29th. Citigroup boosted their price target on shares of Autoliv from $75.00 to $89.00 and gave the stock a neutral rating in a report on Monday, July 25th. BNP Paribas raised shares of Autoliv from an underperform rating to a neutral rating and set a $86.00 price target for the company in a report on Tuesday, June 28th. Wells Fargo & Company boosted their price target on shares of Autoliv from $74.00 to $80.00 and gave the stock an equal weight rating in a report on Monday, July 11th. Finally, Mizuho boosted their price target on shares of Autoliv from $90.00 to $94.00 and gave the stock a buy rating in a report on Monday, July 25th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $96.67.

Autoliv Stock Performance

ALV opened at $71.34 on Wednesday. Autoliv has a 12-month low of $66.25 and a 12-month high of $110.59. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $6.21 billion, a PE ratio of 18.58 and a beta of 1.67. The firm has a 50 day moving average of $79.37 and a two-hundred day moving average of $76.50.

Autoliv (NYSE:ALVGet Rating) last posted its earnings results 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. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. Autoliv had a net margin of 4.12% and a return on equity of 11.35%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. On average, analysts anticipate that Autoliv will post 4.52 EPS for the current year.

Autoliv Announces Dividend

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

Insider Activity

In other news, insider Svante Mogefors sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $84.00, for a total transaction of $84,000.00. Following the transaction, the insider now owns 12,739 shares of the company’s stock, valued at approximately $1,070,076. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Svante Mogefors sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $84.00, for a total transaction of $84,000.00. Following the transaction, the insider now owns 12,739 shares of the company’s stock, valued at approximately $1,070,076. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Magnus Jarlegren sold 496 shares of the business’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $83.39, for a total transaction of $41,361.44. Following the transaction, the executive vice president now directly owns 3,175 shares in the company, valued at approximately $264,763.25. The disclosure for this sale can be found here. In the last quarter, insiders have bought 374,916 shares of company stock valued at $29,565,398 and have sold 2,496 shares valued at $209,361. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of Autoliv

Institutional investors and hedge funds have recently bought and sold shares of the stock. KBC Group NV raised its holdings in Autoliv by 34.2% in the 1st quarter. KBC Group NV now owns 9,319 shares of the auto parts company’s stock valued at $712,000 after buying an additional 2,375 shares during the period. Versor Investments LP raised its holdings in Autoliv by 59.1% in the 1st quarter. Versor Investments LP now owns 7,352 shares of the auto parts company’s stock valued at $562,000 after buying an additional 2,731 shares during the period. Cyrus J. Lawrence LLC purchased a new stake in Autoliv in the 1st quarter valued at about $26,000. Sciencast Management LP purchased a new stake in Autoliv in the 1st quarter valued at about $474,000. Finally, Kiltearn Partners LLP raised its holdings in Autoliv by 8.4% in the 1st quarter. Kiltearn Partners LLP now owns 685,900 shares of the auto parts company’s stock valued at $52,430,000 after buying an additional 52,900 shares during the period. 48.50% of the stock is currently owned by hedge funds and other institutional investors.

About Autoliv

(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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