Autoliv (NYSE:ALV) Shares Pass Above 50 Day Moving Average – What’s Next?

Autoliv, Inc. (NYSE:ALV) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $121.60 and traded as high as $122.92. Autoliv shares last traded at $121.27, with a volume of 445,025 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Autoliv from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. TD Cowen cut Autoliv from a “buy” rating to a “hold” rating and cut their price target for the company from $148.00 to $137.00 in a research note on Tuesday. Weiss Ratings cut Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. Jefferies Financial Group raised Autoliv to a “hold” rating in a research note on Monday, June 15th. Finally, Wells Fargo & Company raised their target price on shares of Autoliv from $116.00 to $122.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Autoliv has a consensus rating of “Moderate Buy” and an average price target of $135.20.

Autoliv Trading Up 0.1%

The stock has a market cap of $8.88 billion, a P/E ratio of 14.28, a PEG ratio of 0.97 and a beta of 1.36. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The business’s 50 day simple moving average is $121.60 and its two-hundred day simple moving average is $117.85.

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

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, August 28th. Autoliv’s payout ratio is 40.99%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ALV. Integrated Wealth Concepts LLC bought a new position in shares of Autoliv during the first quarter worth about $412,000. NewEdge Advisors LLC lifted its position in shares of Autoliv by 11.2% in the 1st quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company’s stock worth $287,000 after purchasing an additional 326 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Autoliv by 3,361.1% in the 1st quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company’s stock valued at $937,000 after purchasing an additional 10,285 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Autoliv by 88.5% during the first quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company’s stock worth $16,935,000 after buying an additional 89,918 shares during the period. Finally, Cetera Investment Advisers raised its stake in Autoliv by 5.1% during the second quarter. Cetera Investment Advisers now owns 5,497 shares of the auto parts company’s stock worth $615,000 after buying an additional 268 shares during the last quarter. 69.57% of the stock is owned by institutional investors.

Autoliv Company Profile

Autoliv, Inc is a global supplier of automotive safety systems. The company develops and manufactures products designed to help protect vehicle occupants and other road users, including airbags, seat belts, steering wheels, restraint systems and pedestrian-protection solutions.

Autoliv supplies automotive manufacturers and operates across major vehicle-producing regions, including Europe, the Americas and Asia. Its products are incorporated into vehicles produced by automakers worldwide, and the company works with vehicle manufacturers to develop safety systems for passenger cars and other vehicles.

The company’s roots trace to Sweden in 1953, and it has grown into an international automotive-safety business through organic development and acquisitions.