Autoliv (NYSE:ALV) Given New $129.00 Price Target at JPMorgan Chase & Co.

Autoliv (NYSE:ALV) had its price objective upped by JPMorgan Chase & Co. from $117.00 to $129.00 in a research note released on Monday, Benzinga reports. The brokerage currently has a neutral rating on the auto parts company’s stock.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company increased their price objective on shares of Autoliv from $101.00 to $107.00 and gave the company an equal weight rating in a report on Monday, January 29th. Wolfe Research lowered shares of Autoliv from an outperform rating to a peer perform rating in a report on Thursday, January 4th. Berenberg Bank upgraded shares of Autoliv from a hold rating to a buy rating and set a $120.00 price objective on the stock in a report on Friday, January 12th. StockNews.com upgraded shares of Autoliv from a hold rating to a buy rating in a report on Saturday, January 20th. Finally, Barclays increased their target price on shares of Autoliv from $107.00 to $120.00 and gave the stock an equal weight rating in a report on Thursday, April 11th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Autoliv currently has an average rating of Hold and a consensus target price of $117.82.

Autoliv Price Performance

ALV opened at $117.27 on Monday. Autoliv has a one year low of $79.66 and a one year high of $124.38. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.98 and a quick ratio of 0.73. The company’s 50 day simple moving average is $117.08 and its 200-day simple moving average is $107.46. The stock has a market capitalization of $9.55 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 0.76 and a beta of 1.72.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, January 26th. The auto parts company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.37 by $0.37. Autoliv had a net margin of 4.66% and a return on equity of 27.13%. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same period in the prior year, the firm earned $1.83 earnings per share. Autoliv’s revenue was up 17.8% compared to the same quarter last year. Sell-side analysts anticipate that Autoliv will post 9.68 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Monday, March 11th. Autoliv’s dividend payout ratio (DPR) is presently 47.30%.

Insider Activity

In other news, CEO Mikael Bratt sold 4,226 shares of Autoliv stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total value of $463,676.72. Following the completion of the transaction, the chief executive officer now owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Mikael Hagstrom sold 327 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total transaction of $35,868.63. Following the completion of the sale, the vice president now owns 327 shares in the company, valued at approximately $35,868.63. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mikael Bratt sold 4,226 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.72, for a total transaction of $463,676.72. Following the sale, the chief executive officer now owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The disclosure for this sale can be found here. Insiders sold a total of 8,388 shares of company stock valued at $921,757 in the last quarter. Company insiders own 0.24% of the company’s stock.

Institutional Trading of Autoliv

Hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Autoliv during the 4th quarter worth about $27,000. Rise Advisors LLC lifted its stake in shares of Autoliv by 84.1% during the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after buying an additional 122 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in Autoliv in the 1st quarter worth about $36,000. Parallel Advisors LLC raised its stake in Autoliv by 83.8% in the 4th quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 223 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its stake in Autoliv by 15,425.0% in the 4th quarter. TFO Wealth Partners LLC now owns 621 shares of the auto parts company’s stock worth $68,000 after purchasing an additional 617 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

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.