Brokerages Set Autoliv, Inc. (NYSE:ALV) Price Target at $135.00

Shares of Autoliv, Inc. (NYSE:ALV) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $135.00.

Several analysts have recently weighed in on ALV shares. Wall Street Zen downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings downgraded shares of Autoliv from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wells Fargo & Company set a $116.00 price objective on shares of Autoliv in a report on Monday, April 20th. Jefferies Financial Group downgraded shares of Autoliv from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $150.00 to $120.00 in a report on Tuesday, April 14th. Finally, TD Cowen decreased their price objective on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th.

Autoliv Stock Up 2.1%

Shares of NYSE:ALV opened at $122.79 on Wednesday. The company has a market cap of $9.19 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.80 and a beta of 1.31. The firm’s 50-day simple moving average is $111.70 and its 200-day simple moving average is $117.73. 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 has a fifty-two week low of $98.45 and a fifty-two week high of $130.14.

Autoliv (NYSE:ALV) last issued 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. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.61 billion. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.15 earnings per share. As a group, equities research analysts predict that Autoliv will post 10.53 earnings per share for the current year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Wednesday, May 20th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. Autoliv’s payout ratio is currently 37.42%.

Insider Activity

In related news, CEO Mikael Bratt sold 8,974 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $123.51, for a total transaction of $1,108,378.74. Following the sale, the chief executive officer owned 29,290 shares of the company’s stock, valued at approximately $3,617,607.90. The trade was a 23.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Franz-Josef Kortuem sold 8,300 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were 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 in the company, valued at $668,099.60. This trade represents a 59.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 22,124 shares of company stock valued at $2,698,873 in the last quarter. Insiders own 0.34% of the company’s stock.

Institutional Trading of Autoliv

Several institutional investors and hedge funds have recently modified their holdings of ALV. Integrated Wealth Concepts LLC acquired a new position in shares of Autoliv in the first quarter valued at approximately $412,000. NewEdge Advisors LLC raised its position in shares of 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 buying an additional 326 shares during the last quarter. Jones Financial Companies Lllp raised its position 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 position 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, Cetera Investment Advisers raised its position in shares of Autoliv by 5.1% in the second quarter. Cetera Investment Advisers now owns 5,497 shares of the auto parts company’s stock valued at $615,000 after buying an additional 268 shares during the last quarter. 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.