Autoliv (NYSE:ALV) Rating Increased to Overweight at Barclays

Barclays upgraded shares of Autoliv (NYSE:ALV) from an equal weight rating to an overweight rating in a research report released on Tuesday morning, Marketbeat.com reports. The brokerage currently has $97.00 target price on the auto parts company’s stock, down from their prior target price of $110.00.

A number of other analysts also recently issued reports on ALV. Hsbc Global Res downgraded Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Cowen assumed coverage on shares of Autoliv in a research note on Thursday, March 6th. They set a “buy” rating for the company. Daiwa Capital Markets upgraded shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price objective on the stock in a report on Tuesday, January 7th. HSBC downgraded shares of Autoliv from a “buy” rating to a “hold” rating and cut their price target for the stock from $109.00 to $100.00 in a report on Tuesday, February 4th. Finally, Pareto Securities lowered shares of Autoliv to a “hold” rating in a research report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and an average target price of $113.71.

Autoliv Stock Down 0.7 %

Shares of NYSE:ALV opened at $82.16 on Tuesday. Autoliv has a 52-week low of $75.49 and a 52-week high of $129.38. The firm has a market capitalization of $6.36 billion, a P/E ratio of 10.18, a P/E/G ratio of 0.73 and a beta of 1.47. The stock has a 50 day moving average price of $91.09 and a 200-day moving average price of $94.47. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. As a group, equities research analysts anticipate that Autoliv will post 9.51 EPS for the current fiscal year.

Autoliv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Friday, March 7th. Autoliv’s dividend payout ratio (DPR) is 34.70%.

Insiders Place Their Bets

In other Autoliv news, CFO Fredrik Westin sold 1,803 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total transaction of $178,839.57. Following the transaction, the chief financial officer now directly owns 7,261 shares of the company’s stock, valued at $720,218.59. This represents a 19.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Magnus Jarlegren sold 1,289 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total transaction of $127,391.87. Following the completion of the sale, the insider now owns 6,142 shares in the company, valued at $607,013.86. This represents a 17.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,253 shares of company stock worth $915,534. 0.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Autoliv

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in Autoliv by 41.5% during the third quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock worth $2,821,000 after buying an additional 8,859 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Autoliv by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock valued at $92,221,000 after buying an additional 95,888 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Autoliv during the 3rd quarter worth $1,684,000. JPMorgan Chase & Co. lifted its stake in Autoliv by 38.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company’s stock valued at $25,800,000 after purchasing an additional 76,510 shares during the last quarter. Finally, Fortem Financial Group LLC boosted its position in Autoliv by 3.5% during the 4th quarter. Fortem Financial Group LLC now owns 6,753 shares of the auto parts company’s stock worth $633,000 after buying an additional 228 shares during the period. 69.57% of the stock is owned by institutional investors.

Autoliv Company Profile

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.