Autoliv, Inc. (NYSE:ALV) Given Average Rating of “Moderate Buy” by Brokerages

Autoliv, Inc. (NYSE:ALV) has received a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $134.8667.

Several equities research analysts have commented on ALV shares. Weiss Ratings raised shares of Autoliv from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 15th. UBS Group upped their target price on shares of Autoliv from $110.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. Wall Street Zen raised shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Saturday. Jefferies Financial Group raised shares of Autoliv to a “hold” rating in a research note on Monday, June 15th. Finally, Royal Bank Of Canada upped their target price on shares of Autoliv from $137.00 to $138.00 and gave the company an “outperform” rating in a research note on Monday, April 20th.

Insider Buying and Selling

In other Autoliv news, Director Jan Carlson sold 19,607 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the director owned 60,000 shares of the company’s stock, valued at approximately $7,800,000. This represents a 24.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Autoliv

Large investors have recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in shares of Autoliv by 3,296.4% during the first quarter. Pacer Advisors Inc. now owns 283,973 shares of the auto parts company’s stock worth $29,863,000 after acquiring an additional 275,612 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Autoliv by 529.0% during the first quarter. NewEdge Advisors LLC now owns 18,544 shares of the auto parts company’s stock worth $1,950,000 after acquiring an additional 15,596 shares in the last quarter. Bank of America Corp DE increased its position in shares of Autoliv by 19.4% during the first quarter. Bank of America Corp DE now owns 170,018 shares of the auto parts company’s stock worth $17,879,000 after acquiring an additional 27,622 shares in the last quarter. Strategic Investment Advisors MI bought a new stake in shares of Autoliv during the first quarter worth $216,000. Finally, Amundi bought a new stake in shares of Autoliv during the first quarter worth $879,000. Institutional investors own 69.57% of the company’s stock.

Autoliv Trading Up 0.1%

Shares of NYSE ALV opened at $118.31 on Friday. The company’s 50 day simple moving average is $120.45 and its 200 day simple moving average is $118.71. Autoliv has a fifty-two week low of $99.16 and a fifty-two week high of $132.17. The firm has a market capitalization of $8.86 billion, a P/E ratio of 12.72, a P/E/G ratio of 0.79 and a beta of 1.33. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.82.

Autoliv (NYSE:ALV) last announced its quarterly earnings data 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 analyst estimates of $2.61 billion. During the same period in the prior year, the business posted $2.15 earnings per share. Autoliv’s revenue was up 6.8% compared to the same quarter last year. On average, analysts predict that Autoliv will post 10.53 EPS for the current year.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Autoliv’s dividend payout ratio is presently 37.42%.

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.