Autoliv (NYSE:ALV) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Autoliv (NYSE:ALV) from a buy rating to a hold rating in a report issued on Sunday morning.

A number of other brokerages also recently issued reports on ALV. Evercore lowered their price target on Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, February 2nd. Barclays lowered their target price on Autoliv from $140.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, March 30th. Royal Bank Of Canada increased their target price on Autoliv from $137.00 to $138.00 and gave the company an “outperform” rating in a report on Monday, April 20th. TD Cowen lowered their target price on Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Finally, Robert W. Baird increased their target price on Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Autoliv has a consensus rating of “Moderate Buy” and an average price target of $135.00.

Autoliv Trading Up 0.1%

Shares of NYSE:ALV opened at $114.91 on Friday. The company has a market cap of $8.60 billion, a P/E ratio of 12.36, a PEG ratio of 0.77 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. The stock’s fifty day moving average price is $110.78 and its 200-day moving average price is $117.68.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Saturday, April 18th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.21. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.61 billion. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.15 earnings per share. Sell-side analysts expect that Autoliv will post 10.53 earnings per share for the current year.

Autoliv Announces Dividend

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. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $3.48 annualized dividend and a dividend yield of 3.0%. Autoliv’s dividend payout ratio (DPR) is 37.42%.

Insider Transactions at Autoliv

In other news, EVP Per Jonas Jademyr sold 1,278 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total value of $155,954.34. Following the transaction, the executive vice president owned 1,963 shares of the company’s stock, valued at $239,544.89. This trade represents a 39.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christian Swahn sold 1,478 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total value of $180,360.34. Following the completion of the transaction, the executive vice president directly owned 5,314 shares in the company, valued at $648,467.42. This trade represents a 21.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 22,243 shares of company stock valued at $2,713,735. Company insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its stake in shares of Autoliv by 110.3% in the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after buying an additional 107 shares during the period. Torren Management LLC bought a new position in shares of Autoliv in the fourth quarter worth about $25,000. Parkside Financial Bank & Trust grew its position in shares of Autoliv by 863.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 190 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Autoliv during the third quarter worth about $32,000. Finally, Quarry LP purchased a new stake in shares of Autoliv during the third quarter worth about $36,000. Institutional investors own 69.57% of the company’s stock.

Autoliv Company Profile

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.