Brokerages Set Autoliv, Inc. (NYSE:ALV) Price Target at $135.36

Shares of Autoliv, Inc. (NYSE:ALV) have been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $134.50.

Several equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Royal Bank Of Canada dropped their target price on Autoliv from $146.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, February 2nd. Wells Fargo & Company cut their price target on Autoliv from $125.00 to $113.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Barclays decreased their price target on Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a report on Monday. Finally, Wolfe Research set a $143.00 price objective on Autoliv in a research report on Monday, January 12th.

Insider Transactions at Autoliv

In related news, insider Magnus Jarlegren sold 1,598 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $121.61, for a total value of $194,332.78. Following the completion of the sale, the insider directly owned 7,739 shares of the company’s stock, valued at $941,139.79. The trade was a 17.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Per Jonas Jademyr sold 1,278 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total transaction of $155,954.34. Following the completion of the transaction, the executive vice president owned 1,963 shares of the company’s stock, valued at $239,544.89. This represents a 39.43% decrease in their position. 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 three months. 0.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Autoliv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new stake in Autoliv during the 1st quarter worth $412,000. NewEdge Advisors LLC increased its stake in Autoliv by 11.2% in the first quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company’s stock valued at $287,000 after purchasing an additional 326 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Autoliv by 3,361.1% in the first quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company’s stock valued at $937,000 after buying an additional 10,285 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Autoliv by 88.5% in the first quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company’s stock valued at $16,935,000 after buying an additional 89,918 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of Autoliv by 23.9% during the second quarter. Creative Planning now owns 6,352 shares of the auto parts company’s stock worth $711,000 after buying an additional 1,227 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Down 1.7%

Shares of NYSE:ALV opened at $105.23 on Tuesday. The firm’s 50 day moving average price is $115.52 and its 200 day moving average price is $119.16. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 0.90 and a beta of 1.35. Autoliv has a fifty-two week low of $75.49 and a fifty-two week high of $130.14. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, January 30th. The auto parts company reported $3.19 EPS for the quarter, topping the consensus estimate of $2.85 by $0.34. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the previous year, the business posted $3.05 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. As a group, equities research analysts predict that Autoliv will post 9.51 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Wednesday, March 4th were paid a dividend of $0.87 per share. The ex-dividend date was Wednesday, March 4th. This represents a $3.48 annualized dividend and a yield of 3.3%. Autoliv’s payout ratio is presently 36.40%.

About Autoliv

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.