Autoliv, Inc. (NYSE:ALV) Receives $112.79 Consensus Price Target from Analysts

Shares of Autoliv, Inc. (NYSE:ALV) have received a consensus rating of “Moderate Buy” from the nineteen brokerages that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $112.79.

A number of equities research analysts recently commented on the company. TD Cowen initiated coverage on Autoliv in a research report on Friday, March 7th. They issued a “buy” rating and a $116.00 target price on the stock. Wells Fargo & Company dropped their price objective on shares of Autoliv from $84.00 to $82.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Mizuho cut their price objective on shares of Autoliv from $112.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th. HSBC cut shares of Autoliv from a “buy” rating to a “hold” rating and reduced their target price for the stock from $109.00 to $100.00 in a report on Tuesday, February 4th. Finally, BNP Paribas raised shares of Autoliv from a “hold” rating to a “strong-buy” rating in a report on Friday.

Insiders Place Their Bets

In other news, CEO Mikael Bratt sold 5,760 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total value of $569,664.00. Following the sale, the chief executive officer now directly owns 23,307 shares in the company, valued at $2,305,062.30. This represents a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Fredrik Westin sold 1,803 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total transaction of $178,839.57. Following the completion of the transaction, the chief financial officer now directly owns 7,261 shares of the company’s stock, valued at $720,218.59. The trade was a 19.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,253 shares of company stock worth $915,534. 0.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Autoliv

Several institutional investors and hedge funds have recently modified their holdings of ALV. Charles Schwab Investment Management Inc. grew its holdings in Autoliv by 418.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company’s stock valued at $219,686,000 after purchasing an additional 2,004,515 shares in the last quarter. FMR LLC boosted its position in Autoliv by 9.9% in the 4th quarter. FMR LLC now owns 7,146,500 shares of the auto parts company’s stock valued at $670,270,000 after buying an additional 641,895 shares during the last quarter. Norges Bank purchased a new position in Autoliv in the 4th quarter valued at about $36,761,000. FIL Ltd grew its stake in shares of Autoliv by 17.3% during the fourth quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company’s stock valued at $223,433,000 after acquiring an additional 351,876 shares in the last quarter. Finally, Lancaster Investment Management increased its position in shares of Autoliv by 58.8% during the first quarter. Lancaster Investment Management now owns 903,537 shares of the auto parts company’s stock worth $79,918,000 after acquiring an additional 334,716 shares during the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Stock Up 3.1%

NYSE:ALV opened at $101.00 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv has a 1-year low of $75.49 and a 1-year high of $129.38. The company has a 50-day moving average of $89.39 and a 200 day moving average of $94.12. The firm has a market cap of $7.81 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.72 by $0.43. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the business posted $1.58 EPS. As a group, research analysts anticipate that Autoliv will post 9.51 EPS for the current fiscal year.

Autoliv Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a $0.70 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 annualized dividend and a dividend yield of 2.77%. Autoliv’s dividend payout ratio (DPR) is currently 32.22%.

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.