Wells Fargo & Company Has Lowered Expectations for Autoliv (NYSE:ALV) Stock Price

Autoliv (NYSE:ALV) had its price objective lowered by Wells Fargo & Company from $125.00 to $113.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 5.45% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Wall Street Zen lowered Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Robert W. Baird set a $132.00 price target on Autoliv in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Autoliv in a report on Monday, December 29th. Wolfe Research set a $143.00 price objective on Autoliv in a research report on Monday, January 12th. Finally, TD Cowen reissued a “buy” rating on shares of Autoliv in a report on Tuesday, March 17th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Autoliv has a consensus rating of “Moderate Buy” and a consensus target price of $134.50.

Autoliv Stock Up 1.9%

Shares of ALV opened at $107.16 on Tuesday. Autoliv has a 52 week low of $75.49 and a 52 week high of $130.14. The firm has a market cap of $8.02 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 0.88 and a beta of 1.35. The firm’s 50-day simple moving average is $115.93 and its 200 day simple moving average is $119.26. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.05.

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

Insider Buying and Selling at Autoliv

In other Autoliv 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 owned 5,549 shares in the company, valued at $668,099.60. This trade represents a 59.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Magnus Jarlegren sold 1,598 shares of Autoliv stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $121.61, for a total value of $194,332.78. Following the completion of the transaction, the insider directly owned 7,739 shares of the company’s stock, valued at $941,139.79. This represents a 17.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,243 shares of company stock valued at $2,713,735 over the last ninety days. 0.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Autoliv during the fourth quarter worth about $125,609,000. Northwestern Mutual Wealth Management Co. increased its holdings in Autoliv by 127,512.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 579,360 shares of the auto parts company’s stock valued at $68,770,000 after buying an additional 578,906 shares during the period. LSV Asset Management raised its position in shares of Autoliv by 54.9% in the 3rd quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock valued at $195,091,000 after buying an additional 559,605 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Autoliv by 151.7% in the 3rd quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock valued at $114,077,000 after buying an additional 556,651 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Autoliv by 334.1% during the 2nd quarter. Invesco Ltd. now owns 644,818 shares of the auto parts company’s stock worth $72,155,000 after acquiring an additional 496,261 shares during the period. Institutional investors and hedge funds 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.