Autoliv, Inc. (NYSE:ALV) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Autoliv, Inc. (NYSE:ALV) have received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $135.2667.

A number of brokerages have issued reports on ALV. Wells Fargo & Company upped their target price on Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Weiss Ratings raised shares of Autoliv from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Barclays reduced their price objective on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, March 30th. TD Cowen decreased their price objective on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Finally, Bank of America started coverage on shares of Autoliv in a research note on Thursday, April 16th. They issued a “buy” rating and a $140.00 target price on the stock.

Autoliv Price Performance

NYSE ALV opened at $117.38 on Thursday. Autoliv has a fifty-two week low of $99.16 and a fifty-two week high of $132.17. The stock’s 50-day moving average is $121.32 and its two-hundred day moving average is $118.56. The firm has a market cap of $8.79 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 0.80 and a beta of 1.35. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.82.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Saturday, April 18th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.21. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the company posted $2.15 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. On average, analysts anticipate that Autoliv will post 10.53 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Wednesday, May 20th. Autoliv’s dividend payout ratio is 37.42%.

Insider Activity at Autoliv

In related news, Director Jan Carlson sold 19,607 shares of the business’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 owned 60,000 shares of the company’s stock, valued at approximately $7,800,000. The trade was a 24.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

Institutional Trading of Autoliv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its position in Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after buying an additional 107 shares during the period. Torren Management LLC acquired a new stake in shares of Autoliv in the fourth quarter worth $25,000. Parkside Financial Bank & Trust grew its stake in shares of Autoliv by 863.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 190 shares during the last quarter. Quarry LP bought a new position in Autoliv during the third quarter worth $36,000. Finally, Johnson Financial Group Inc. bought a new position in Autoliv during the third quarter worth $37,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

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.