Autoliv (NYSE:ALV) Stock Gets Price Target Trim from Royal Bank Of Canada

Autoliv (NYSE:ALV) had its price objective cut by Royal Bank Of Canada from $147.00 to $146.00 in a report released on Monday, Marketbeat.com reports. They currently have an outperform rating on the auto parts company’s stock.

Several other equities analysts have also recently weighed in on ALV. UBS Group raised their price objective on Autoliv from $110.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, June 15th. TD Cowen cut Autoliv from a “buy” rating to a “hold” rating and reduced their price target for the company from $148.00 to $137.00 in a research report on Tuesday, September 8th. Jefferies Financial Group decreased their price target on Autoliv from $134.00 to $119.00 and set a “hold” rating for the company in a research note on Tuesday, September 22nd. Wall Street Zen downgraded Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Wolfe Research lowered Autoliv from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, September 23rd. Six investment 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.com, Autoliv has a consensus rating of “Moderate Buy” and a consensus price target of $134.85.

Autoliv Stock Performance

Shares of ALV opened at $113.51 on Monday. Autoliv has a 12 month low of $99.16 and a 12 month high of $132.17. The firm has a fifty day simple moving average of $118.50 and a 200 day simple moving average of $118.65. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.91 and a beta of 1.39. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last released its earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period last year, the business posted $2.21 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts forecast that Autoliv will post 10.04 EPS for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, August 28th. Autoliv’s dividend payout ratio is 40.99%.

Hedge Funds Weigh In On Autoliv

Institutional investors and hedge funds have recently modified their holdings of 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 during the 2nd quarter worth approximately $65,124,000. ABN AMRO Bank N.V. acquired a new position in shares of Autoliv during the 2nd quarter worth approximately $33,456,000. Pacer Advisors Inc. grew its position in shares of Autoliv by 3,296.4% during the 1st quarter. Pacer Advisors Inc. now owns 283,973 shares of the auto parts company’s stock worth $29,863,000 after purchasing an additional 275,612 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Autoliv during the second quarter worth approximately $19,203,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

About Autoliv

Autoliv, Inc (NYSE: ALV) is a Swedish-American automotive safety supplier that develops and manufactures systems designed to protect vehicle occupants and other road users. Its products include airbags, seat belts, steering wheels, inflators, restraint systems and related safety components used by automobile manufacturers worldwide.

The company serves global automakers and operates engineering, manufacturing and technical centers across major automotive markets in Europe, the Americas and Asia.