Autoliv (NYSE:ALV) Price Target Raised to $138.00

Autoliv (NYSE:ALV) had its target price increased by Royal Bank Of Canada from $137.00 to $138.00 in a research note published on Monday, MarketBeat.com reports. The firm currently has an outperform rating on the auto parts company’s stock.

Several other brokerages have also recently issued reports on ALV. Weiss Ratings cut Autoliv from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, April 7th. TD Cowen cut their price objective on Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Robert W. Baird upped their price objective on Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday. Barclays lowered their target price on Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, March 30th. Finally, Wells Fargo & Company set a $116.00 target price on Autoliv in a report on Monday. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Autoliv presently has a consensus rating of “Moderate Buy” and an average price target of $134.25.

Autoliv Trading Down 1.2%

Shares of NYSE ALV opened at $116.25 on Monday. The stock’s 50 day moving average price is $111.70 and its two-hundred day moving average price is $117.76. Autoliv has a 52-week low of $88.64 and a 52-week high of $130.14. The stock has a market capitalization of $8.70 billion, a P/E ratio of 12.50, a PEG ratio of 0.79 and a beta of 1.35. 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 (NYSE:ALV) last announced its quarterly earnings data on Friday, April 17th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.21. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the prior year, the firm posted $2.15 earnings per share. Autoliv’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, analysts anticipate that Autoliv will post 10.36 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, March 4th were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $3.48 annualized dividend and a dividend yield of 3.0%. Autoliv’s dividend payout ratio is 37.42%.

Insider Activity at Autoliv

In other news, EVP Christian Swahn sold 1,478 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total transaction of $180,360.34. Following the completion of the transaction, the executive vice president directly owned 5,314 shares of the company’s stock, valued at approximately $648,467.42. This represents a 21.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Magnus Jarlegren sold 1,598 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $121.61, for a total value of $194,332.78. Following the transaction, the insider directly owned 7,739 shares of the company’s stock, valued at $941,139.79. This trade represents a 17.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 22,243 shares of company stock valued at $2,713,735. 0.34% of the stock is owned by insiders.

Hedge Funds Weigh In On Autoliv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALV. Norges Bank bought a new position in Autoliv in the 4th quarter worth approximately $125,609,000. Northwestern Mutual Wealth Management Co. grew its holdings in Autoliv by 127,512.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 579,360 shares of the auto parts company’s stock worth $68,770,000 after buying an additional 578,906 shares in the last quarter. LSV Asset Management grew its holdings in Autoliv by 54.9% in the 3rd quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock worth $195,091,000 after buying an additional 559,605 shares in the last quarter. AQR Capital Management LLC grew its holdings in Autoliv by 151.7% in the 3rd quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock worth $114,077,000 after buying an additional 556,651 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new position in Autoliv in the 4th quarter worth approximately $44,689,000. 69.57% of the stock is owned by 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.