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

Shares of Autoliv, Inc. (NYSE:ALV) have been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $135.00.

ALV has been the subject of several analyst reports. Jefferies Financial Group lowered Autoliv from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $150.00 to $120.00 in a research note on Tuesday, April 14th. Bank of America initiated coverage on Autoliv in a research note on Thursday, April 16th. They issued a “buy” rating and a $140.00 price objective for the company. TD Cowen reduced their price objective on Autoliv from $150.00 to $147.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Weiss Ratings lowered Autoliv from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, Robert W. Baird upped their price objective on Autoliv from $119.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th.

Insider Transactions at Autoliv

In other Autoliv news, insider Magnus Jarlegren sold 1,598 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $121.61, for a total value of $194,332.78. Following the completion of the sale, the insider owned 7,739 shares in the company, valued at approximately $941,139.79. This represents a 17.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Franz-Josef Kortuem sold 8,300 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $120.40, for a total value of $999,320.00. Following the completion of the sale, the director owned 5,549 shares of the company’s stock, valued at $668,099.60. The trade was a 59.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 22,124 shares of company stock worth $2,698,873 over the last three months. 0.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Autoliv

A number of institutional investors have recently bought and sold shares of ALV. Norges Bank purchased a new stake in Autoliv in the 4th quarter worth $125,609,000. Northwestern Mutual Wealth Management Co. increased its stake 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 increased its stake 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 increased its stake 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 purchased a new stake in Autoliv in the 4th quarter worth $44,689,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Price Performance

NYSE ALV opened at $122.79 on Wednesday. The business’s fifty day moving average price is $111.70 and its 200-day moving average price is $117.72. The stock has a market capitalization of $9.19 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.82 and a beta of 1.31. 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 has a 1-year low of $98.45 and a 1-year high of $130.14.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Saturday, April 18th. The auto parts company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.84 by $0.21. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.61 billion. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.Autoliv’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.15 EPS. On average, equities 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. Stockholders of record on Wednesday, May 20th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, May 20th. Autoliv’s dividend payout ratio is 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.