Autoliv (NYSE:ALV) PT Raised to $145.00 at Bank of America

Autoliv (NYSE:ALV) had its price objective hoisted by Bank of America from $135.00 to $145.00 in a research report report published on Monday morning, Benzinga reports. They currently have a buy rating on the auto parts company’s stock.

Other research analysts have also recently issued reports about the stock. Berenberg Bank raised shares of Autoliv from a hold rating to a buy rating and set a $120.00 target price on the stock in a research report on Friday, January 12th. Robert W. Baird upped their price objective on shares of Autoliv from $133.00 to $135.00 and gave the company a neutral rating in a research report on Monday. StockNews.com raised Autoliv from a hold rating to a buy rating in a research report on Saturday, January 20th. Wells Fargo & Company increased their price target on Autoliv from $101.00 to $107.00 and gave the company an equal weight rating in a report on Monday, January 29th. Finally, JPMorgan Chase & Co. lifted their price objective on Autoliv from $117.00 to $129.00 and gave the stock a neutral rating in a report on Monday, April 22nd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Autoliv presently has a consensus rating of Hold and an average target price of $125.90.

Autoliv Stock Down 0.9 %

Shares of NYSE ALV opened at $121.24 on Monday. The stock has a fifty day moving average price of $117.94 and a 200 day moving average price of $108.27. The company has a market cap of $9.88 billion, a P/E ratio of 18.91, a P/E/G ratio of 0.81 and a beta of 1.72. Autoliv has a 12-month low of $79.66 and a 12-month high of $125.91. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.75.

Autoliv (NYSE:ALV) last announced its 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. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. Autoliv had a return on equity of 29.84% and a net margin of 5.10%. The company’s revenue was up 17.8% on a year-over-year basis. During the same period last year, the business posted $1.83 EPS. Research analysts anticipate that Autoliv will post 9.67 EPS for the current fiscal year.

Autoliv Announces Dividend

The business also recently disclosed 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. The ex-dividend date 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 Buying and Selling at Autoliv

In other news, CEO Mikael Bratt sold 4,226 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total transaction of $463,676.72. Following the completion of the transaction, the chief executive officer now owns 17,547 shares in the company, valued at $1,925,256.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Mikael Bratt sold 4,226 shares of Autoliv stock in a transaction that occurred on 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 $1,925,256.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $144,887.74. Following the completion of the transaction, the chief financial officer now directly owns 5,458 shares of the company’s stock, valued at $599,997.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,388 shares of company stock worth $921,757. 0.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Autoliv

Several hedge funds have recently modified their holdings of ALV. Commonwealth Equity Services LLC acquired a new position in Autoliv during the third quarter worth about $254,000. Raymond James & Associates boosted its position in shares of Autoliv by 143.7% during the 3rd quarter. Raymond James & Associates now owns 28,814 shares of the auto parts company’s stock valued at $2,780,000 after purchasing an additional 16,990 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of Autoliv by 54.9% during the 3rd quarter. New York State Teachers Retirement System now owns 30,114 shares of the auto parts company’s stock valued at $2,905,000 after purchasing an additional 10,676 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Autoliv by 4.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 439,353 shares of the auto parts company’s stock worth $42,389,000 after purchasing an additional 16,964 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Autoliv by 269.5% in the 3rd quarter. Fifth Third Bancorp now owns 872 shares of the auto parts company’s stock worth $84,000 after purchasing an additional 636 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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.