Autoliv (NYSE:ALV) Upgraded at StockNews.com

StockNews.com upgraded shares of Autoliv (NYSE:ALV) from a hold rating to a buy rating in a research note released on Thursday morning.

A number of other analysts also recently commented on ALV. Barclays decreased their price objective on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Wells Fargo & Company dropped their price objective on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th. Robert W. Baird upped their price objective on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Daiwa America upgraded shares of Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, Daiwa Capital Markets upgraded Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price on the stock in a research report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Autoliv presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.62.

Autoliv Stock Performance

Shares of Autoliv stock opened at $102.64 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. Autoliv has a 52 week low of $89.51 and a 52 week high of $129.38. The firm has a market cap of $7.98 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. The business’s fifty day simple moving average is $96.36 and its 200-day simple moving average is $97.27.

Autoliv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.70 per share. 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 dividend payout ratio (DPR) is presently 36.46%.

Institutional Investors Weigh In On Autoliv

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALV. KBC Group NV raised its holdings in Autoliv by 67.6% in the fourth quarter. KBC Group NV now owns 3,182 shares of the auto parts company’s stock valued at $298,000 after acquiring an additional 1,283 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Autoliv by 5.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 9,046 shares of the auto parts company’s stock valued at $848,000 after purchasing an additional 434 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Autoliv by 4.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,315 shares of the auto parts company’s stock worth $405,000 after buying an additional 190 shares during the period. Perpetual Ltd grew its stake in shares of Autoliv by 130.4% in the fourth quarter. Perpetual Ltd now owns 6,221 shares of the auto parts company’s stock worth $583,000 after purchasing an additional 3,521 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Autoliv by 139.5% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock valued at $26,000 after buying an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

About Autoliv

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.