Autoliv (NYSE:ALV) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Autoliv, Inc. (NYSE:ALV) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $117.17 and traded as high as $118.89. Autoliv shares last traded at $117.48, with a volume of 1,054,383 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ALV shares. Wolfe Research downgraded shares of Autoliv from an “outperform” rating to a “peer perform” rating in a report on Wednesday, September 23rd. Weiss Ratings downgraded Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Wall Street Zen lowered shares of Autoliv from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Jefferies Financial Group cut their target price on shares of Autoliv from $134.00 to $119.00 and set a “hold” rating for the company in a research report on Tuesday, September 22nd. Finally, TD Cowen downgraded shares of Autoliv from a “buy” rating to a “hold” rating and dropped their target price for the stock from $148.00 to $137.00 in a research report on Tuesday, September 8th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and a consensus target price of $134.92.

Autoliv Stock Up 0.5%

The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.76 and a current ratio of 1.02. The firm’s 50-day moving average is $117.17 and its 200 day moving average is $118.37. The firm has a market capitalization of $8.46 billion, a P/E ratio of 14.09, a PEG ratio of 0.98 and a beta of 1.39.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, October 23rd. The auto parts company reported $2.19 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.04). Autoliv had a return on equity of 28.89% and a net margin of 5.62%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the firm posted $2.32 EPS. The firm’s revenue was down .5% compared to the same quarter last year. As a group, equities research analysts predict that Autoliv, Inc. will post 9.98 EPS for the current fiscal year.

Autoliv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th were paid a dividend of $0.87 per share. The ex-dividend date was Friday, August 28th. This represents a $3.48 annualized dividend and a yield of 3.0%. Autoliv’s dividend payout ratio is currently 41.73%.

Institutional Investors Weigh In On Autoliv

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Autoliv in the 2nd quarter worth about $573,245,000. Bank of New York Mellon Corp acquired a new position in shares of Autoliv in the 2nd quarter valued at about $65,124,000. ABN AMRO Bank N.V. acquired a new position in Autoliv during the second quarter worth $33,456,000. Pacer Advisors Inc. boosted its position in shares of Autoliv by 3,296.4% in the first quarter. Pacer Advisors Inc. now owns 283,973 shares of the auto parts company’s stock valued at $29,863,000 after acquiring an additional 275,612 shares during the period. Finally, Bank of America Corp DE acquired a new position in Autoliv in the second quarter worth about $19,203,000. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Company Profile

Autoliv, Inc (NYSE: ALV) develops and manufactures automotive safety systems and components for vehicle manufacturers worldwide. The company focuses primarily on passive safety products designed to help protect occupants during a collision.

Its product portfolio includes airbags, seat belts, steering wheels, pedestrian protection systems, and associated safety electronics and control systems. Autoliv supplies these products to major automakers and supports vehicle programs across passenger cars and commercial vehicles.

Autoliv traces its roots to Sweden and has grown into an international automotive supplier with operations and customers across North America, Europe, Asia, and other major automotive markets.