Autoliv (NYSE:ALV) Lowered to Hold Rating by Hsbc Global Res

Hsbc Global Res downgraded shares of Autoliv (NYSE:ALV) from a strong-buy rating to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Daiwa Capital Markets raised Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price objective on the stock in a report on Tuesday, January 7th. HSBC lowered Autoliv from a “buy” rating to a “hold” rating and lowered their price objective for the company from $109.00 to $100.00 in a report on Tuesday. Robert W. Baird boosted their price target on Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Mizuho decreased their price target on Autoliv from $115.00 to $112.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $117.23.

Autoliv Price Performance

Shares of ALV opened at $94.24 on Tuesday. Autoliv has a twelve month low of $89.51 and a twelve month high of $129.38. The stock’s 50 day moving average is $96.38 and its two-hundred day moving average is $96.75. The firm has a market capitalization of $7.32 billion, a PE ratio of 11.68, a P/E/G ratio of 0.72 and a beta of 1.58. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. Research analysts anticipate that Autoliv will post 10.05 earnings per share for the current year.

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 paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 2.97%. This is a positive change from Autoliv’s previous quarterly dividend of $0.68. Autoliv’s dividend payout ratio is presently 34.70%.

Institutional Investors Weigh In On Autoliv

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in Autoliv by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock valued at $92,221,000 after buying an additional 95,888 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Autoliv by 38.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company’s stock worth $25,800,000 after purchasing an additional 76,510 shares during the period. Quantbot Technologies LP lifted its stake in shares of Autoliv by 1,437.4% during the 3rd quarter. Quantbot Technologies LP now owns 51,994 shares of the auto parts company’s stock worth $4,855,000 after purchasing an additional 48,612 shares during the period. HITE Hedge Asset Management LLC lifted its stake in shares of Autoliv by 32.9% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 135,424 shares of the auto parts company’s stock worth $12,645,000 after purchasing an additional 33,490 shares during the period. Finally, Barclays PLC lifted its stake in shares of Autoliv by 41.5% during the 3rd quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock worth $2,821,000 after purchasing an additional 8,859 shares during the period. 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.