Autoliv (NYSE:ALV) Cut to C+ at TheStreet

TheStreet downgraded shares of Autoliv (NYSE:ALVGet Rating) from a b- rating to a c+ rating in a research report released on Wednesday, TheStreetRatingsTable reports.

ALV has been the topic of a number of other reports. Citigroup raised their price target 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. Exane BNP Paribas upgraded shares of Autoliv from an underperform rating to a neutral rating and set a $86.00 price target on the stock in a research report on Wednesday, June 29th. Robert W. Baird increased their price objective on shares of Autoliv from $77.00 to $81.00 and gave the stock a neutral rating in a report on Monday, July 25th. StockNews.com raised shares of Autoliv from a hold rating to a buy rating in a report on Wednesday, August 10th. Finally, SEB Equities cut shares of Autoliv from a buy rating to a hold rating in a report on Wednesday. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $96.67.

Autoliv Trading Down 1.9 %

NYSE ALV opened at $70.00 on Wednesday. Autoliv has a 12 month low of $66.25 and a 12 month high of $110.59. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 0.78. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 18.23 and a beta of 1.67. The company’s fifty day moving average price is $79.33 and its two-hundred day moving average price is $76.50.

Autoliv (NYSE:ALVGet Rating) last posted its quarterly earnings data on Friday, July 22nd. The auto parts company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.05 billion. During the same period in the prior year, the firm posted $1.20 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. As a group, research analysts predict that Autoliv will post 4.52 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th were issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Tuesday, September 6th. Autoliv’s payout ratio is 66.67%.

Insiders Place Their Bets

In other news, major shareholder Cevian Capital Ii Gp Ltd bought 123,806 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was bought at an average cost of $78.27 per share, for a total transaction of $9,690,295.62. Following the completion of the acquisition, the insider now directly owns 6,182,132 shares in the company, valued at approximately $483,875,471.64. The purchase was disclosed in a document filed with the SEC, which is available at this link. In related news, major shareholder Cevian Capital Ii Gp Ltd purchased 123,806 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was acquired at an average cost of $78.27 per share, for a total transaction of $9,690,295.62. Following the completion of the acquisition, the insider now owns 6,182,132 shares in the company, valued at approximately $483,875,471.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Svante Mogefors sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $84.00, for a total transaction of $84,000.00. Following the sale, the insider now owns 12,739 shares of the company’s stock, valued at $1,070,076. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 374,916 shares of company stock worth $29,565,398 and sold 2,496 shares worth $209,361. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Autoliv

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALV. Pictet Asset Management SA raised its position in Autoliv by 36,143.6% during the second quarter. Pictet Asset Management SA now owns 1,881,045 shares of the auto parts company’s stock valued at $134,626,000 after acquiring an additional 1,875,855 shares in the last quarter. FMR LLC raised its position in Autoliv by 75.1% during the second quarter. FMR LLC now owns 3,561,352 shares of the auto parts company’s stock valued at $254,886,000 after acquiring an additional 1,527,778 shares in the last quarter. Alyeska Investment Group L.P. raised its position in Autoliv by 753.9% during the first quarter. Alyeska Investment Group L.P. now owns 841,071 shares of the auto parts company’s stock valued at $64,291,000 after acquiring an additional 742,570 shares in the last quarter. Point72 Asset Management L.P. raised its position in Autoliv by 444.8% during the fourth quarter. Point72 Asset Management L.P. now owns 672,027 shares of the auto parts company’s stock valued at $69,494,000 after acquiring an additional 548,671 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Autoliv by 21.0% during the first quarter. Vanguard Group Inc. now owns 1,814,404 shares of the auto parts company’s stock valued at $138,693,000 after acquiring an additional 315,473 shares in the last quarter. Institutional investors own 48.50% of the company’s stock.

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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