Autoliv (NYSE:ALV) Given New $100.00 Price Target at Wells Fargo & Company

Autoliv (NYSE:ALV) had its price objective boosted by Wells Fargo & Company from $82.00 to $100.00 in a research note released on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the auto parts company’s stock.

Other analysts have also issued reports about the stock. BNP Paribas upgraded shares of Autoliv from a “hold” rating to a “strong-buy” rating in a report on Friday, May 9th. Hsbc Global Res downgraded shares of Autoliv from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. StockNews.com raised shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. Mizuho increased their price target on shares of Autoliv from $95.00 to $112.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, BNP Paribas Exane raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $123.00 price target for the company in a research note on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and a consensus price target of $115.29.

Autoliv Stock Performance

Autoliv stock opened at $102.14 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average of $90.06 and a 200-day moving average of $94.34. The firm has a market cap of $7.90 billion, a P/E ratio of 12.66, a P/E/G ratio of 0.73 and a beta of 1.36. Autoliv has a 1-year low of $75.49 and a 1-year high of $129.38.

Autoliv (NYSE:ALV) last posted its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.43. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.50 billion. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. During the same period in the prior year, the business posted $1.58 earnings per share. Sell-side analysts expect that Autoliv will post 9.51 EPS for the current year.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Wednesday, May 21st. Autoliv’s dividend payout ratio (DPR) is currently 32.22%.

Insider Activity at Autoliv

In other news, CFO Fredrik Westin sold 1,803 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total transaction of $178,839.57. Following the transaction, the chief financial officer now directly owns 7,261 shares of the company’s stock, valued at $720,218.59. This represents a 19.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Per Jonas Jademyr sold 401 shares of Autoliv stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.85, for a total value of $39,638.85. Following the completion of the sale, the executive vice president now directly owns 685 shares of the company’s stock, valued at $67,712.25. The trade was a 36.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,253 shares of company stock valued at $915,534 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Autoliv

Several hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC grew its position in Autoliv by 9.9% during the fourth quarter. FMR LLC now owns 7,146,500 shares of the auto parts company’s stock valued at $670,270,000 after buying an additional 641,895 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Autoliv by 418.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,483,726 shares of the auto parts company’s stock worth $219,686,000 after acquiring an additional 2,004,515 shares during the last quarter. FIL Ltd grew its position in shares of Autoliv by 17.3% during the 4th quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company’s stock valued at $223,433,000 after acquiring an additional 351,876 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Autoliv by 14.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,857,069 shares of the auto parts company’s stock valued at $164,257,000 after acquiring an additional 233,469 shares during the period. Finally, Mondrian Investment Partners LTD increased its stake in shares of Autoliv by 4.5% in the 4th quarter. Mondrian Investment Partners LTD now owns 1,378,636 shares of the auto parts company’s stock worth $133,259,000 after purchasing an additional 59,592 shares in the last quarter. Hedge funds and other 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.