Autoliv (NYSE:ALV) Stock Price Breaks Above 50-Day Moving Average – What’s Next?

Autoliv, Inc. (NYSE:ALV) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $117.17 and traded as high as $118.89. Autoliv shares last traded at $117.48, with a volume of 1,054,383 shares trading hands.

Wall Street Analyst Weigh In

ALV has been the subject of several research reports. Wolfe Research cut shares of Autoliv from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, September 23rd. Wall Street Zen cut shares of Autoliv from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. TD Cowen cut shares of Autoliv from a “buy” rating to a “hold” rating and reduced their target price for the stock from $148.00 to $137.00 in a report on Tuesday, September 8th. Royal Bank Of Canada decreased their target price on shares of Autoliv from $147.00 to $146.00 and set an “outperform” rating for the company in a research report on Monday, October 12th. Finally, Weiss Ratings downgraded shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Autoliv currently has a consensus rating of “Moderate Buy” and an average price target of $134.92.

Autoliv Trading Up 0.5%

The company has a market cap of $8.46 billion, a P/E ratio of 14.09, a PEG ratio of 0.98 and a beta of 1.39. The company has a current ratio of 1.02, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average price of $117.17 and a 200-day moving average price of $118.37.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, October 23rd. The auto parts company reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.04). Autoliv had a return on equity of 28.89% and a net margin of 5.62%. The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the firm posted $2.32 earnings per share. Autoliv’s quarterly revenue was down .5% on a year-over-year basis. Analysts forecast that Autoliv, Inc. will post 9.98 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, August 28th. Autoliv’s dividend payout ratio is presently 41.73%.

Hedge Funds Weigh In On Autoliv

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Autoliv during the second quarter worth approximately $573,245,000. Bank of New York Mellon Corp acquired a new stake in shares of Autoliv in the second quarter valued at approximately $65,124,000. ABN AMRO Bank N.V. acquired a new stake in shares of Autoliv in the second quarter valued at approximately $33,456,000. Pacer Advisors Inc. lifted its position in shares of Autoliv by 3,296.4% in the first quarter. Pacer Advisors Inc. now owns 283,973 shares of the auto parts company’s stock valued at $29,863,000 after buying an additional 275,612 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Autoliv during the 2nd quarter worth approximately $19,203,000. Institutional investors own 69.57% of the company’s stock.

Autoliv Company Profile

Autoliv, Inc (NYSE: ALV) develops and manufactures automotive safety systems and components for vehicle manufacturers worldwide. The company focuses primarily on passive safety products designed to help protect occupants during a collision.

Its product portfolio includes airbags, seat belts, steering wheels, pedestrian protection systems, and associated safety electronics and control systems. Autoliv supplies these products to major automakers and supports vehicle programs across passenger cars and commercial vehicles.

Autoliv traces its roots to Sweden and has grown into an international automotive supplier with operations and customers across North America, Europe, Asia, and other major automotive markets.