Autoliv (NYSE:ALV) Price Target Raised to $128.00

Autoliv (NYSE:ALV) had its price objective boosted by Wells Fargo & Company from $126.00 to $128.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have an equal weight rating on the auto parts company’s stock.

A number of other research analysts also recently commented on the company. Berenberg Bank raised Autoliv from a hold rating to a buy rating and set a $120.00 price target for the company in a report on Friday, January 12th. Mizuho raised their price target on shares of Autoliv from $115.00 to $135.00 and gave the stock a buy rating in a research report on Monday, March 25th. Barclays upped their price target on shares of Autoliv from $120.00 to $125.00 and gave the company an equal weight rating in a report on Monday. Robert W. Baird boosted their target price on shares of Autoliv from $133.00 to $135.00 and gave the stock a neutral rating in a research report on Monday. Finally, Wolfe Research cut shares of Autoliv from an outperform rating to a peer perform rating in a research report on Thursday, January 4th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $125.90.

Autoliv Price Performance

ALV opened at $121.24 on Monday. Autoliv has a twelve month low of $79.66 and a twelve month high of $125.91. The firm has a market cap of $9.88 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 0.81 and a beta of 1.72. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.75. The company has a fifty day simple moving average of $117.94 and a 200 day simple moving average of $108.27.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, January 26th. The auto parts company reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.37 by $0.37. Autoliv had a net margin of 5.10% and a return on equity of 29.84%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same period in the prior year, the company posted $1.83 EPS. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. Equities research analysts expect that Autoliv will post 9.67 EPS for the current fiscal year.

Autoliv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 12th were paid a $0.68 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $2.72 dividend on an annualized basis and a yield of 2.24%. Autoliv’s payout ratio is currently 42.43%.

Insider Activity

In related news, insider Colin Naughton sold 782 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $110.68, for a total value of $86,551.76. Following the sale, the insider now owns 5,594 shares of the company’s stock, valued at approximately $619,143.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Colin Naughton sold 782 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $110.68, for a total value of $86,551.76. Following the sale, the insider now owns 5,594 shares of the company’s stock, valued at approximately $619,143.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Anthony J. Nellis sold 760 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $110.00, for a total transaction of $83,600.00. Following the completion of the transaction, the executive vice president now owns 4,859 shares of the company’s stock, valued at approximately $534,490. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,388 shares of company stock valued at $921,757. 0.24% of the stock is currently owned by insiders.

Institutional Trading of Autoliv

Several hedge funds have recently added to or reduced their stakes in ALV. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Autoliv during the fourth quarter valued at $27,000. Rise Advisors LLC grew its position in Autoliv by 84.1% in the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock valued at $29,000 after buying an additional 122 shares in the last quarter. Register Financial Advisors LLC acquired a new position in Autoliv during the 1st quarter valued at about $36,000. Parallel Advisors LLC raised its position in shares of Autoliv by 83.8% during the 4th quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock worth $54,000 after buying an additional 223 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its stake in shares of 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 acquiring an additional 617 shares during the period. Institutional investors 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.