TD Cowen Cuts Autoliv (NYSE:ALV) Price Target to $148.00

Autoliv (NYSE:ALV) had its price target lowered by TD Cowen from $150.00 to $148.00 in a research report sent to investors on Monday, Marketbeat.com reports. TD Cowen currently has a buy rating on the auto parts company’s stock.

ALV has been the topic of a number of other reports. UBS Group boosted their target price on Autoliv from $110.00 to $122.00 and gave the stock a “neutral” rating in a research report on Monday, June 15th. Weiss Ratings upgraded Autoliv from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Royal Bank Of Canada lifted their price target on Autoliv from $138.00 to $148.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Barclays decreased their price objective on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, March 30th. Finally, Robert W. Baird increased their price objective on shares of Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $135.93.

Autoliv Price Performance

ALV stock opened at $119.08 on Monday. The firm has a 50 day moving average of $121.68 and a 200-day moving average of $118.60. The company has a market cap of $8.72 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.78 and a beta of 1.35. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. Autoliv has a 12-month low of $99.16 and a 12-month high of $132.17.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.03). Autoliv had a return on equity of 29.36% and a net margin of 5.79%.The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the company earned $2.21 EPS. The business’s revenue was up 3.3% on a year-over-year basis. As a group, equities analysts expect that Autoliv will post 10.51 EPS for the current fiscal year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $3.48 annualized dividend and a yield of 2.9%. Autoliv’s dividend payout ratio (DPR) is presently 40.99%.

Insider Buying and Selling at Autoliv

In other news, Director Jan Carlson sold 19,607 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $130.00, for a total value of $2,548,910.00. Following the completion of the transaction, the director directly owned 60,000 shares of the company’s stock, valued at $7,800,000. The trade was a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.34% of the stock is currently owned by company insiders.

Institutional Trading of Autoliv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Autoliv in the 4th quarter valued at about $125,609,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Autoliv by 127,512.3% during the fourth 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. AQR Capital Management LLC grew its holdings in shares of Autoliv by 151.7% during the third 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. Freestone Grove Partners LP acquired a new position in shares of Autoliv in the fourth quarter valued at approximately $44,689,000. Finally, Swedbank AB raised its position in shares of Autoliv by 14.4% in the fourth quarter. Swedbank AB now owns 2,976,700 shares of the auto parts company’s stock valued at $353,334,000 after buying an additional 375,454 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

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.