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

Autoliv (NYSE:ALV) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other analysts have also recently weighed in on the company. Royal Bank Of Canada boosted their price target on Autoliv from $137.00 to $138.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Barclays dropped their price objective on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, March 30th. TD Cowen cut their target price on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Jefferies Financial Group raised shares of Autoliv to a “hold” rating in a report on Monday, June 15th. Finally, Bank of America initiated coverage on shares of Autoliv in a research report on Thursday, April 16th. They issued a “buy” rating and a $140.00 price target for the company. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $135.27.

Autoliv Trading Up 0.0%

NYSE ALV opened at $116.27 on Friday. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 0.78 and a beta of 1.35. Autoliv has a twelve month low of $99.16 and a twelve month high of $132.17. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. The business’s fifty day moving average is $121.19 and its 200 day moving average is $118.60.

Autoliv (NYSE:ALV) last issued its earnings results on Saturday, April 18th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.21. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.15 EPS. As a group, sell-side analysts expect that Autoliv will post 10.53 EPS for the current fiscal year.

Insider Buying and Selling at Autoliv

In other news, Director Jan Carlson sold 19,607 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the completion of the transaction, the director directly owned 60,000 shares in the company, valued at $7,800,000. This trade represents a 24.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.34% of the company’s stock.

Institutional Trading of Autoliv

Several institutional investors have recently added to or reduced their stakes in ALV. Norges Bank acquired a new position in shares of Autoliv in the 4th quarter worth approximately $125,609,000. Northwestern Mutual Wealth Management Co. raised its stake in Autoliv by 127,512.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 579,360 shares of the auto parts company’s stock worth $68,770,000 after buying an additional 578,906 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Autoliv by 151.7% in the third 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 during the period. Freestone Grove Partners LP acquired a new position in Autoliv in the fourth quarter valued at $44,689,000. Finally, Swedbank AB lifted its holdings in Autoliv by 14.4% in the fourth quarter. Swedbank AB now owns 2,976,700 shares of the auto parts company’s stock valued at $353,334,000 after buying an additional 375,454 shares during the period. 69.57% of the stock is currently owned by institutional investors.

About Autoliv

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.