Autoliv (NYSE:ALV – Get Free Report) was upgraded by stock analysts at Jefferies Financial Group to a “hold” rating in a research report issued on Monday,Zacks.com reports.
Several other equities research analysts also recently weighed in on ALV. Robert W. Baird increased their target price on shares of Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Weiss Ratings raised shares of Autoliv from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Wall Street Zen downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Wells Fargo & Company set a $116.00 price target on shares of Autoliv in a research note on Monday, April 20th. Finally, TD Cowen reduced their price target on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.87.
Get Our Latest Stock Report on Autoliv
Autoliv Trading Down 3.1%
Autoliv (NYSE:ALV – Get Free Report) last announced its earnings results on Saturday, April 18th. 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 net margin of 6.45% and a return on equity of 29.03%. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the firm posted $2.15 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, analysts expect that Autoliv will post 10.53 EPS for the current year.
Insider Buying and Selling
In related news, Director Jan Carlson sold 19,607 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $130.00, for a total value of $2,548,910.00. Following the transaction, the director owned 60,000 shares of the company’s stock, valued at $7,800,000. This trade represents a 24.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.34% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in ALV. Torren Management LLC purchased a new position in Autoliv during the 4th quarter valued at about $25,000. IFP Advisors Inc increased its position in Autoliv by 110.3% during the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 107 shares during the period. Parkside Financial Bank & Trust increased its position in Autoliv by 863.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 190 shares during the period. Quarry LP purchased a new position in Autoliv during the 3rd quarter valued at about $36,000. Finally, Johnson Financial Group Inc. purchased a new position in Autoliv during the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.
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.
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