Autoliv (NYSE:ALV) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Autoliv (NYSE:ALV) from a buy rating to a strong-buy rating in a research report sent to investors on Friday.

Several other equities analysts also recently weighed in on the company. Bank of America raised their price target on Autoliv from $135.00 to $145.00 and gave the stock a buy rating in a research report on Monday, April 29th. Robert W. Baird lifted their price objective on Autoliv from $133.00 to $135.00 and gave the stock a neutral rating in a research report on Monday, April 29th. Wells Fargo & Company upped their target price on shares of Autoliv from $126.00 to $128.00 and gave the company an equal weight rating in a report on Monday, April 29th. JPMorgan Chase & Co. raised their price target on shares of Autoliv from $117.00 to $129.00 and gave the stock a neutral rating in a research note on Monday, April 22nd. Finally, Mizuho boosted their price objective on shares of Autoliv from $115.00 to $135.00 and gave the company a buy rating in a research report on Monday, March 25th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $125.90.

Autoliv Stock Up 2.0 %

ALV stock opened at $123.81 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.10 and a quick ratio of 0.82. The company’s 50 day simple moving average is $118.94 and its 200-day simple moving average is $109.25. Autoliv has a 12 month low of $79.66 and a 12 month high of $125.91. The firm has a market capitalization of $10.08 billion, a PE ratio of 19.32, a P/E/G ratio of 0.77 and a beta of 1.69.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 12th were paid a dividend of $0.68 per share. The ex-dividend date was Monday, March 11th. This represents a $2.72 dividend on an annualized basis and a yield of 2.20%. Autoliv’s dividend payout ratio (DPR) is 42.43%.

Insiders Place Their Bets

In other news, CEO Mikael Bratt sold 4,226 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total value of $463,676.72. Following the sale, the chief executive officer now owns 17,547 shares in the company, valued at approximately $1,925,256.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Fredrik Westin sold 1,318 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $109.93, for a total transaction of $144,887.74. Following the transaction, the chief financial officer now directly owns 5,458 shares in the company, valued at $599,997.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mikael Bratt sold 4,226 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total transaction of $463,676.72. Following the sale, the chief executive officer now owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The disclosure for this sale can be found here. Insiders sold a total of 7,606 shares of company stock valued at $835,205 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ALV. KRS Capital Management LLC grew its position in shares of Autoliv by 3.7% during the 1st quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock valued at $336,000 after buying an additional 100 shares during the last quarter. State of Michigan Retirement System lifted its holdings in Autoliv by 0.6% in the first quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock worth $2,180,000 after acquiring an additional 100 shares during the last quarter. Wahed Invest LLC boosted its stake in Autoliv by 8.5% in the third quarter. Wahed Invest LLC now owns 1,339 shares of the auto parts company’s stock valued at $129,000 after acquiring an additional 105 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Autoliv by 1.1% during the fourth quarter. Corient Private Wealth LLC now owns 9,490 shares of the auto parts company’s stock valued at $1,046,000 after purchasing an additional 107 shares during the last quarter. Finally, Rise Advisors LLC raised its position in shares of Autoliv by 84.1% during the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 122 shares during the period. 69.57% of the stock is currently owned by institutional investors.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.