Wells Fargo & Company Cuts Autoliv (NYSE:ALV) Price Target to $113.00

Autoliv (NYSE:ALV) had its target price cut by Wells Fargo & Company from $125.00 to $113.00 in a report published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the auto parts company’s stock.

ALV has been the topic of a number of other research reports. Royal Bank Of Canada cut their price objective on shares of Autoliv from $146.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. TD Cowen reissued a “buy” rating on shares of Autoliv in a research report on Tuesday, March 17th. Robert W. Baird set a $132.00 target price on shares of Autoliv in a research note on Monday, February 2nd. Wall Street Zen lowered shares of Autoliv from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Finally, Wolfe Research set a $143.00 price target on Autoliv in a research report on Monday, January 12th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $134.50.

Autoliv Price Performance

Shares of ALV stock opened at $105.23 on Tuesday. Autoliv has a 1-year low of $75.49 and a 1-year high of $130.14. The stock’s 50-day moving average is $115.52 and its 200 day moving average is $119.16. The company has a market cap of $7.88 billion, a P/E ratio of 11.01, a PEG ratio of 0.90 and a beta of 1.35. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.79.

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

Autoliv Announces Dividend

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

Insiders Place Their Bets

In related news, EVP Per Jonas Jademyr sold 1,278 shares of Autoliv stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total transaction of $155,954.34. Following the completion of the sale, the executive vice president owned 1,963 shares of the company’s stock, valued at $239,544.89. The trade was a 39.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christian Swahn sold 1,478 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total value of $180,360.34. Following the completion of the sale, the executive vice president owned 5,314 shares in the company, valued at approximately $648,467.42. This represents a 21.76% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 22,243 shares of company stock valued at $2,713,735. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Autoliv

A number of institutional investors have recently bought and sold shares of ALV. JPMorgan Chase & Co. grew its position in Autoliv by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 180,208 shares of the auto parts company’s stock valued at $22,256,000 after buying an additional 18,673 shares during the period. Caisse Des Depots ET Consignations acquired a new position in shares of Autoliv in the third quarter worth about $1,302,000. First Citizens Bank & Trust Co. acquired a new position in shares of Autoliv in the third quarter worth about $1,385,000. Northstar Advisory Group LLC purchased a new stake in shares of Autoliv during the 3rd quarter worth about $1,484,000. Finally, Nordea Investment Management AB purchased a new stake in shares of Autoliv during the 3rd quarter worth about $7,697,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

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.