Barclays Has Lowered Expectations for Autoliv (NYSE:ALV) Stock Price

Autoliv (NYSE:ALV) had its price objective cut by equities research analysts at Barclays from $140.00 to $135.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. Barclays‘s price objective would suggest a potential upside of 28.53% from the stock’s previous close.

ALV has been the topic of several other research reports. Evercore reduced their price objective on Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Autoliv in a research report on Monday, December 29th. Wolfe Research set a $143.00 target price on shares of Autoliv in a research note on Monday, January 12th. Wall Street Zen lowered shares of Autoliv from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Finally, Royal Bank Of Canada decreased their price target on shares of Autoliv from $146.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, February 2nd. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.50.

Autoliv Stock Performance

Shares of ALV stock opened at $105.03 on Monday. The company has a current ratio of 1.05, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. Autoliv has a 12-month low of $75.49 and a 12-month high of $130.14. The company has a market cap of $7.86 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 0.84 and a beta of 1.32. The stock has a 50 day simple moving average of $116.32 and a 200-day simple moving average of $119.35.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, January 30th. The auto parts company reported $3.19 EPS for the quarter, topping the consensus estimate of $2.85 by $0.34. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.05 EPS. On average, equities analysts forecast that Autoliv will post 9.51 EPS for the current year.

Insider Activity at Autoliv

In related news, Director Franz-Josef Kortuem sold 8,300 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $120.40, for a total transaction of $999,320.00. Following the transaction, the director directly owned 5,549 shares in the company, valued at $668,099.60. This trade represents a 59.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mikael Bratt sold 8,974 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $123.51, for a total transaction of $1,108,378.74. Following the sale, the chief executive officer owned 29,290 shares of the company’s stock, valued at approximately $3,617,607.90. The trade was a 23.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 22,243 shares of company stock worth $2,713,735 over the last 90 days. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Autoliv

Institutional investors and hedge funds have recently made changes to their positions in the stock. Swedbank AB grew its position in shares of Autoliv by 14.4% during the fourth quarter. Swedbank AB now owns 2,976,700 shares of the auto parts company’s stock worth $353,334,000 after acquiring an additional 375,454 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Autoliv by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,562,641 shares of the auto parts company’s stock valued at $304,185,000 after purchasing an additional 28,415 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Autoliv by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,881,828 shares of the auto parts company’s stock valued at $223,385,000 after purchasing an additional 37,661 shares during the last quarter. Vanguard Group Inc. boosted its stake in Autoliv by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 1,867,396 shares of the auto parts company’s stock valued at $221,660,000 after purchasing an additional 21,221 shares during the period. Finally, LSV Asset Management boosted its stake in Autoliv by 6.5% during the 4th quarter. LSV Asset Management now owns 1,681,609 shares of the auto parts company’s stock valued at $199,607,000 after purchasing an additional 101,922 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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.