Brokerages Set Autoliv, Inc. (NYSE:ALV) Price Target at $117.14

Shares of Autoliv, Inc. (NYSE:ALV) have received an average recommendation of “Moderate Buy” from the nineteen brokerages that are covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $117.14.

Several brokerages have issued reports on ALV. Pareto Securities cut shares of Autoliv to a “hold” rating in a research note on Monday, February 3rd. TD Cowen started coverage on shares of Autoliv in a research note on Friday, March 7th. They set a “buy” rating and a $116.00 price target on the stock. Mizuho reduced their price objective on shares of Autoliv from $115.00 to $112.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Daiwa America raised Autoliv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, Daiwa Capital Markets raised Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 target price for the company in a research note on Tuesday, January 7th.

Autoliv Stock Performance

Shares of ALV stock opened at $91.45 on Friday. The stock’s 50-day moving average price is $95.67 and its 200 day moving average price is $95.64. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $7.11 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. Autoliv has a 52-week low of $87.55 and a 52-week high of $129.38.

Autoliv (NYSE:ALV) last released its earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. As a group, equities research analysts forecast that Autoliv will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Friday, March 7th. Autoliv’s dividend payout ratio (DPR) is presently 34.70%.

Insider Buying and Selling at Autoliv

In other news, CFO Fredrik Westin sold 1,803 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total value of $178,839.57. Following the completion of the transaction, the chief financial officer now owns 7,261 shares of the company’s stock, valued at $720,218.59. The trade was a 19.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mikael Bratt sold 5,760 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total value of $569,664.00. Following the completion of the transaction, the chief executive officer now owns 23,307 shares of the company’s stock, valued at $2,305,062.30. This trade represents a 19.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,253 shares of company stock worth $915,534. 0.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Autoliv

Hedge funds have recently modified their holdings of the stock. FMR LLC raised its position in shares of Autoliv by 9.9% in the 4th quarter. FMR LLC now owns 7,146,500 shares of the auto parts company’s stock worth $670,270,000 after buying an additional 641,895 shares during the period. Norges Bank purchased a new stake in Autoliv during the fourth quarter valued at about $36,761,000. FIL Ltd increased its stake in Autoliv by 17.3% during the fourth quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company’s stock worth $223,433,000 after acquiring an additional 351,876 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Autoliv by 67.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 701,994 shares of the auto parts company’s stock worth $65,840,000 after purchasing an additional 284,002 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Autoliv in the 4th quarter worth about $25,749,000. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Company Profile

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.