Autoliv (NYSE:ALV) PT Raised to $135.00

Autoliv (NYSE:ALV) had its price objective raised by Robert W. Baird from $133.00 to $135.00 in a research report report published on Monday, Benzinga reports. The brokerage currently has a neutral rating on the auto parts company’s stock.

A number of other research analysts also recently issued reports on the company. StockNews.com upgraded Autoliv from a hold rating to a buy rating in a research note on Saturday, January 20th. Wolfe Research cut shares of Autoliv from an outperform rating to a peer perform rating in a research note 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 research report on Friday, January 12th. JPMorgan Chase & Co. upped their target price on shares of Autoliv from $117.00 to $129.00 and gave the stock a neutral rating in a report on Monday, April 22nd. Finally, Mizuho increased their price target on Autoliv from $115.00 to $135.00 and gave the stock a buy rating in a research note on Monday, March 25th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $125.90.

Autoliv Trading Down 0.9 %

Shares of Autoliv stock opened at $121.24 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.10 and a quick ratio of 0.82. The stock has a market capitalization of $9.88 billion, a PE ratio of 18.91, a P/E/G ratio of 0.81 and a beta of 1.72. Autoliv has a 1-year low of $79.66 and a 1-year high of $125.91. The company’s fifty day simple moving average is $117.94 and its 200-day simple moving average is $108.27.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, January 26th. The auto parts company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.37. Autoliv had a return on equity of 29.84% and a net margin of 5.10%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the previous year, the company posted $1.83 earnings per share. Autoliv’s revenue for the quarter was up 17.8% on a year-over-year basis. As a group, equities analysts anticipate that Autoliv will post 9.67 earnings per share for the current year.

Autoliv Announces Dividend

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

Insider Buying and Selling at Autoliv

In other news, CFO Fredrik Westin sold 1,318 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.93, for a total transaction of $144,887.74. Following the completion of the transaction, the chief financial officer now directly owns 5,458 shares in the company, valued at approximately $599,997.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Fredrik Westin sold 1,318 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.93, for a total transaction of $144,887.74. Following the sale, the chief financial officer now directly owns 5,458 shares in the company, valued at approximately $599,997.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mikael Bratt sold 4,226 shares of Autoliv stock in a transaction dated Wednesday, February 21st. The stock was 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 disclosure for this sale can be found here. Insiders sold 8,388 shares of company stock worth $921,757 in the last quarter. 0.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Autoliv

Large investors have recently modified their holdings of the stock. FMR LLC lifted its position in Autoliv by 9.6% in the third quarter. FMR LLC now owns 5,264,937 shares of the auto parts company’s stock worth $507,961,000 after buying an additional 459,147 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Autoliv by 6.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,136,224 shares of the auto parts company’s stock worth $206,103,000 after acquiring an additional 133,746 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Autoliv by 41.0% during the 4th quarter. Public Sector Pension Investment Board now owns 958,304 shares of the auto parts company’s stock worth $105,596,000 after purchasing an additional 278,800 shares during the period. Norges Bank bought a new position in Autoliv during the 4th quarter valued at about $91,065,000. Finally, Balyasny Asset Management L.P. raised its position in Autoliv by 169.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 759,239 shares of the auto parts company’s stock worth $83,661,000 after purchasing an additional 477,800 shares during the period. Institutional investors own 69.57% of the company’s stock.

About Autoliv

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.