Autoliv (NYSE:ALV) Stock Breaks Below Fifty Day Moving Average - Here's Why

Key Points

• Autoliv shares fell below their 50-day moving average, trading as low as $111.52 versus the $120.36 average, and last changing hands near $111.84.
• Analyst sentiment is mixed but leans cautious: six analysts rate the stock Buy and seven rate it Hold, producing a consensus Hold rating and a $134.79 price target.
• Autoliv reported quarterly revenue of $2.80 billion, slightly above estimates, while EPS of $2.43 narrowly missed expectations. The company also pays a $0.87 quarterly dividend, equivalent to a 3.1% annualized yield.

Shares of Autoliv, Inc. (NYSE:ALV - Get Free Report) passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $120.36 and traded as low as $111.52. Autoliv shares last traded at $111.8420, with a volume of 714,941 shares.

Wall Street Analysts Forecast Growth

ALV has been the topic of several recent analyst reports. Royal Bank Of Canada cut their price objective on Autoliv from $148.00 to $147.00 and set an "outperform" rating on the stock in a report on Monday, July 20th. Wolfe Research cut Autoliv from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, September 23rd. TD Cowen lowered shares of 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, September 8th. Wall Street Zen cut shares of Autoliv from a "buy" rating to a "hold" rating in a report on Saturday, July 4th. Finally, Wells Fargo & Company increased their price objective on shares of Autoliv from $116.00 to $122.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 25th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $134.79.

Autoliv Stock Performance

The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 0.79. The stock has a 50-day moving average price of $120.36 and a 200-day moving average price of $118.08. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 0.90 and a beta of 1.39.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings data on Friday, July 17th. The auto parts company reported $2.43 EPS for the quarter, missing analysts' consensus estimates of $2.46 by ($0.03). The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. Autoliv had a return on equity of 29.36% and a net margin of 5.79%.The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $2.21 earnings per share. As a group, analysts forecast that Autoliv, Inc. will post 10.04 earnings per share for the current year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were paid a $0.87 dividend. The ex-dividend date was Friday, August 28th. This represents a $3.48 dividend on an annualized basis and a yield of 3.1%. Autoliv's dividend payout ratio is 40.99%.

Hedge Funds Weigh In On Autoliv

Several institutional investors and hedge funds have recently modified their holdings of ALV. Envestnet Portfolio Solutions Inc. raised its position in Autoliv by 21.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,590 shares of the auto parts company's stock valued at $1,579,000 after purchasing an additional 2,429 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Autoliv by 16.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,333 shares of the auto parts company's stock valued at $503,000 after purchasing an additional 600 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Autoliv in the 2nd quarter valued at $69,000. NewEdge Advisors LLC increased its stake in shares of Autoliv by 34.0% in the 2nd quarter. NewEdge Advisors LLC now owns 24,842 shares of the auto parts company's stock valued at $2,886,000 after purchasing an additional 6,298 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of Autoliv by 2.6% during the 2nd quarter. Baird Financial Group Inc. now owns 15,664 shares of the auto parts company's stock worth $1,820,000 after buying an additional 390 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Company Profile

Autoliv, Inc NYSE: ALV is a Swedish-American automotive safety supplier that develops and manufactures systems designed to protect vehicle occupants and other road users. Its products include airbags, seat belts, steering wheels, inflators, restraint systems and related safety components used by automobile manufacturers worldwide.

The company serves global automakers and operates engineering, manufacturing and technical centers across major automotive markets in Europe, the Americas and Asia.

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