Autoliv (NYSE:ALV) Upgraded to Buy at StockNews.com

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

ALV has been the subject of a number of other research reports. Daiwa America upgraded Autoliv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Barclays dropped their price target on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Robert W. Baird lifted their price objective on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Bank of America lowered their price objective on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Finally, Daiwa Capital Markets upgraded 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 equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $121.62.

Autoliv Stock Up 1.9 %

Shares of Autoliv stock opened at $102.64 on Thursday. The stock has a 50-day moving average price of $96.36 and a 200 day moving average price of $97.27. Autoliv has a 1 year low of $89.51 and a 1 year high of $129.38. The company has a market cap of $7.98 billion, a P/E ratio of 13.36, a P/E/G ratio of 0.73 and a beta of 1.59. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.69.

Autoliv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a $0.70 dividend. This is an increase from Autoliv’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Tuesday, December 3rd. Autoliv’s payout ratio is presently 36.46%.

Institutional Trading of Autoliv

Hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. lifted its position in shares of Autoliv by 139.5% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 159 shares in the last quarter. Quarry LP boosted its position in shares of Autoliv by 133.5% during the second quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 207 shares in the last quarter. Fred Alger Management LLC acquired a new stake in Autoliv during the 3rd quarter worth $45,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Autoliv by 14.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 954 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 117 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Autoliv by 2,115.5% in the third quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company’s stock valued at $213,000 after buying an additional 2,179 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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.