ValuEngine lowered shares of Autoliv (NYSE:ALV) from a buy rating to a hold rating in a report issued on Wednesday.
ALV has been the topic of several other research reports. Longbow Research began coverage on shares of Autoliv in a report on Friday, January 5th. They issued a buy rating and a $155.00 price target on the stock. BMO Capital Markets increased their price objective on shares of Autoliv from $152.00 to $175.00 and gave the company an outperform rating in a research report on Monday, February 12th. Robert W. Baird reaffirmed a hold rating and issued a $137.00 price objective on shares of Autoliv in a research report on Tuesday, January 9th. Societe Generale downgraded shares of Autoliv from a hold rating to a sell rating in a research report on Wednesday, February 28th. Finally, Guggenheim reaffirmed a hold rating and issued a $135.00 price objective on shares of Autoliv in a research report on Wednesday, January 10th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the stock. Autoliv currently has a consensus rating of Hold and a consensus price target of $132.38.
Autoliv (NYSE:ALV) opened at $151.17 on Wednesday. Autoliv has a 1-year low of $96.08 and a 1-year high of $152.57. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.58 and a quick ratio of 1.26. The company has a market cap of $13,140.00, a P/E ratio of 31.10, a P/E/G ratio of 2.24 and a beta of 1.32.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Wednesday, February 21st. Autoliv’s payout ratio is currently 49.38%.
In other news, insider Johan Lofvenholm sold 280 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $143.30, for a total transaction of $40,124.00. Following the completion of the sale, the insider now owns 10,954 shares of the company’s stock, valued at $1,569,708.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in shares of Autoliv by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 3,236 shares of the auto parts company’s stock worth $355,000 after buying an additional 249 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Autoliv by 8.1% during the fourth quarter. CIBC Asset Management Inc now owns 4,728 shares of the auto parts company’s stock worth $601,000 after buying an additional 355 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Autoliv by 25.0% during the fourth quarter. Victory Capital Management Inc. now owns 2,058 shares of the auto parts company’s stock worth $262,000 after buying an additional 412 shares in the last quarter. Global X MANAGEMENT CO LLC grew its position in shares of Autoliv by 16.8% during the third quarter. Global X MANAGEMENT CO LLC now owns 2,942 shares of the auto parts company’s stock worth $364,000 after buying an additional 423 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of Autoliv by 3.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 23,800 shares of the auto parts company’s stock worth $2,954,000 after buying an additional 700 shares in the last quarter. 34.57% of the stock is owned by institutional investors and hedge funds.
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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