Autoliv (NYSE:ALV) Price Target Raised to $130.00

Autoliv (NYSE:ALV) had its price objective increased by Robert W. Baird from $119.00 to $130.00 in a research report sent to investors on Monday morning, MarketBeat Ratings reports. Robert W. Baird currently has a neutral rating on the auto parts company’s stock.

Several other research analysts have also recently weighed in on the company. Wolfe Research set a $143.00 target price on Autoliv in a research note on Monday, January 12th. Royal Bank Of Canada decreased their target price on Autoliv from $146.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Wall Street Zen cut Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Weiss Ratings cut Autoliv from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, April 7th. Finally, Jefferies Financial Group cut Autoliv from a “buy” rating to a “hold” rating and decreased their target price for the company from $150.00 to $120.00 in a research note on Tuesday, April 14th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and an average target price of $134.25.

Autoliv Trading Down 1.2%

Shares of ALV stock opened at $116.25 on Monday. The stock has a 50-day simple moving average of $111.70 and a 200 day simple moving average of $117.76. Autoliv has a fifty-two week low of $88.64 and a fifty-two week high of $130.14. The stock has a market capitalization of $8.70 billion, a P/E ratio of 12.50, a P/E/G ratio of 0.79 and a beta of 1.35. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, April 17th. The auto parts company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.21. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter last year, the business posted $2.15 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts expect that Autoliv will post 10.36 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, March 4th were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, March 4th. Autoliv’s dividend payout ratio is currently 37.42%.

Insider Buying and Selling at Autoliv

In other news, Director Franz-Josef Kortuem sold 8,300 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $120.40, for a total transaction of $999,320.00. Following the completion of the sale, the director directly owned 5,549 shares of the company’s stock, valued at $668,099.60. This represents a 59.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mikael Bratt sold 8,974 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $123.51, for a total value of $1,108,378.74. Following the sale, the chief executive officer directly owned 29,290 shares of the company’s stock, valued at approximately $3,617,607.90. This represents a 23.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 22,243 shares of company stock valued at $2,713,735 over the last 90 days. 0.34% of the stock is owned by insiders.

Institutional Investors Weigh In On Autoliv

Several hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in Autoliv in the 4th quarter worth about $125,609,000. Northwestern Mutual Wealth Management Co. lifted its stake in Autoliv by 127,512.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 579,360 shares of the auto parts company’s stock worth $68,770,000 after acquiring an additional 578,906 shares in the last quarter. LSV Asset Management lifted its stake in Autoliv by 54.9% in the 3rd quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock worth $195,091,000 after acquiring an additional 559,605 shares in the last quarter. AQR Capital Management LLC lifted its stake in Autoliv by 151.7% in the 3rd quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock worth $114,077,000 after acquiring an additional 556,651 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in Autoliv in the 4th quarter worth about $44,689,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Company Profile

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.