Autoliv (ALV) Downgraded by ValuEngine
ValuEngine cut shares of Autoliv (NYSE:ALV) from a buy rating to a hold rating in a research note released on Wednesday morning.
ALV has been the subject of a number of other reports. Longbow Research assumed coverage on shares of Autoliv in a report on Friday, January 5th. They set a buy rating and a $155.00 price target for the company. BMO Capital Markets upped their price target on shares of Autoliv from $152.00 to $175.00 and gave the company an outperform rating in a report on Monday, February 12th. Robert W. Baird restated a hold rating and set a $137.00 price target on shares of Autoliv in a report on Tuesday, January 9th. Societe Generale cut shares of Autoliv from a hold rating to a sell rating in a research note on Wednesday, February 28th. Finally, Guggenheim reiterated a hold rating and issued a $135.00 target price on shares of Autoliv in a research note on Wednesday, January 10th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $132.38.
Shares of Autoliv (NYSE ALV) opened at $151.17 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.26 and a debt-to-equity ratio of 0.32. Autoliv has a fifty-two week low of $96.08 and a fifty-two week high of $152.57. The stock has a market cap of $13,045.06, a PE ratio of 31.17, a price-to-earnings-growth ratio of 2.22 and a beta of 1.32.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Investors of record on Thursday, February 22nd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.59%. The ex-dividend date was Wednesday, February 21st. Autoliv’s dividend payout ratio (DPR) is presently 49.48%.
In related news, insider Johan Lofvenholm sold 280 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $143.30, for a total value of $40,124.00. Following the completion of the transaction, the insider now owns 10,954 shares of the company’s stock, valued at $1,569,708.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.25% of the company’s stock.
Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Autoliv in the fourth quarter worth about $152,000. Teachers Advisors LLC raised its position in Autoliv by 288.3% in the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 1,058 shares in the last quarter. Hunter Associates Investment Management LLC acquired a new position in Autoliv in the fourth quarter worth about $204,000. Victory Capital Management Inc. raised its position in Autoliv by 25.0% in the fourth quarter. Victory Capital Management Inc. now owns 2,058 shares of the auto parts company’s stock worth $262,000 after purchasing an additional 412 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Autoliv by 114.0% in the fourth quarter. Jane Street Group LLC now owns 2,327 shares of the auto parts company’s stock worth $296,000 after purchasing an additional 18,980 shares in the last quarter. 34.57% of the stock is owned by hedge funds and other institutional investors.
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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