Autoliv (NYSE:ALV) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Autoliv (NYSE:ALV) from a hold rating to a buy rating in a research note published on Thursday.

A number of other research analysts have also recently commented on the company. Wells Fargo & Company decreased their price objective on Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a report on Monday, December 16th. Bank of America lowered their price target on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Daiwa America upgraded shares of Autoliv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. 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. Finally, Daiwa Capital Markets raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price target on the stock in a research note on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Autoliv presently has a consensus rating of “Moderate Buy” and an average target price of $121.62.

Autoliv Price Performance

Shares of ALV stock opened at $100.75 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.71. The company has a market capitalization of $7.83 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. The firm’s 50-day moving average is $96.22 and its two-hundred day moving average is $97.35. Autoliv has a 12 month low of $89.51 and a 12 month high of $129.38.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, December 3rd. This is an increase from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.78%. Autoliv’s payout ratio is currently 36.46%.

Institutional Trading of Autoliv

Hedge funds have recently added to or reduced their stakes in the company. Lind Value II ApS purchased a new stake in shares of Autoliv in the 3rd quarter valued at approximately $35,818,000. FMR LLC grew its stake in shares of Autoliv by 6.1% during the third quarter. FMR LLC now owns 6,504,605 shares of the auto parts company’s stock worth $607,335,000 after purchasing an additional 376,665 shares in the last quarter. AQR Capital Management LLC increased its holdings in Autoliv by 130.2% in the second quarter. AQR Capital Management LLC now owns 498,575 shares of the auto parts company’s stock valued at $53,111,000 after buying an additional 281,956 shares during the last quarter. Swedbank AB raised its stake in Autoliv by 8.7% in the third quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock valued at $239,707,000 after buying an additional 205,241 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Autoliv by 83.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,992 shares of the auto parts company’s stock worth $39,028,000 after buying an additional 190,654 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

About Autoliv

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.