Robert W. Baird Cuts Autoliv (NYSE:ALV) Price Target to $90.00

Autoliv (NYSE:ALV) had its price target reduced by Robert W. Baird from $105.00 to $90.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

Several other brokerages have also recently issued reports on ALV. Hsbc Global Res cut Autoliv from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Mizuho reduced their target price on shares of Autoliv from $112.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday, April 10th. Cowen began coverage on shares of Autoliv in a research note on Thursday, March 6th. They set a “buy” rating for the company. Finally, Daiwa Capital Markets raised Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price target for the company in a report on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Autoliv currently has an average rating of “Moderate Buy” and an average target price of $112.64.

Autoliv Price Performance

Shares of ALV opened at $86.40 on Tuesday. The firm has a 50-day simple moving average of $90.87 and a two-hundred day simple moving average of $94.37. The stock has a market cap of $6.69 billion, a PE ratio of 10.71, a P/E/G ratio of 0.73 and a beta of 1.47. Autoliv has a 1-year low of $75.49 and a 1-year high of $129.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.43. The firm had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.50 billion. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. During the same quarter in the previous year, the business earned $1.58 EPS. As a group, analysts forecast that Autoliv will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend was Friday, March 7th. Autoliv’s dividend payout ratio is currently 32.22%.

Insider Activity at Autoliv

In other news, insider Magnus Jarlegren sold 1,289 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total value of $127,391.87. Following the completion of the sale, the insider now owns 6,142 shares in the company, valued at approximately $607,013.86. This trade represents a 17.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mikael Bratt sold 5,760 shares of Autoliv stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total transaction of $569,664.00. Following the completion of the sale, the chief executive officer now directly owns 23,307 shares in the company, valued at approximately $2,305,062.30. The trade was a 19.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,253 shares of company stock worth $915,534 in the last quarter. Company insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Autoliv

Hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in Autoliv by 139.5% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 159 shares during the period. AlphaQuest LLC grew its holdings in Autoliv by 74.4% during the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 134 shares during the period. GAMMA Investing LLC raised its position in Autoliv by 122.9% in the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company’s stock worth $33,000 after acquiring an additional 204 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Autoliv in the first quarter valued at $44,000. Finally, Twin Tree Management LP purchased a new stake in shares of Autoliv during the 4th quarter worth $50,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

About Autoliv

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.