Autoliv (NYSE:ALV) Price Target Lowered to $90.00 at Robert W. Baird

Autoliv (NYSE:ALV) had its price target trimmed by Robert W. Baird from $105.00 to $90.00 in a report published on Tuesday,Benzinga reports. The firm currently has a neutral rating on the auto parts company’s stock.

Several other research firms also recently weighed in on ALV. Pareto Securities downgraded Autoliv to a “hold” rating in a report on Monday, February 3rd. Hsbc Global Res lowered Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Daiwa Capital Markets upgraded Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price target for the company in a research report on Tuesday, January 7th. StockNews.com downgraded Autoliv from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, HSBC cut Autoliv from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $109.00 to $100.00 in a report on Tuesday, February 4th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and a consensus target price of $113.71.

Autoliv Stock Performance

Shares of ALV stock opened at $82.16 on Tuesday. Autoliv has a 52 week low of $75.49 and a 52 week high of $129.38. The company has a 50 day moving average price of $91.09 and a 200-day moving average price of $94.47. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $6.36 billion, a PE ratio of 10.18, a P/E/G ratio of 0.73 and a beta of 1.47.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. As a group, equities research analysts expect that Autoliv will post 9.51 earnings per share for the current year.

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Friday, March 7th. Autoliv’s dividend payout ratio is 34.70%.

Insider Buying and Selling

In related news, insider Magnus Jarlegren sold 1,289 shares of Autoliv stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total value of $127,391.87. Following the completion of the sale, the insider now owns 6,142 shares of the company’s stock, valued at approximately $607,013.86. The trade was a 17.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Fredrik Westin sold 1,803 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total value of $178,839.57. Following the completion of the transaction, the chief financial officer now directly owns 7,261 shares in the company, valued at $720,218.59. The trade was a 19.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,253 shares of company stock valued at $915,534. Company insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Autoliv

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in shares of Autoliv by 139.5% during the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock worth $26,000 after buying an additional 159 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of Autoliv by 74.4% during the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock worth $29,000 after buying an additional 134 shares in the last quarter. GAMMA Investing LLC grew its position in Autoliv by 122.9% in the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company’s stock valued at $33,000 after purchasing an additional 204 shares in the last quarter. Twin Tree Management LP acquired a new position in shares of Autoliv during the 4th quarter worth approximately $50,000. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of Autoliv during the 4th quarter worth about $57,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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.