Autoliv’s (ALV) Overweight Rating Reiterated at Barclays

Barclays reiterated their overweight rating on shares of Autoliv (NYSE:ALVFree Report) in a report issued on Wednesday, MarketBeat.com reports. They currently have a $135.00 price target on the auto parts company’s stock, up from their previous price target of $105.00.

Several other brokerages also recently issued reports on ALV. BNP Paribas raised shares of Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 9th. Royal Bank Of Canada began coverage on Autoliv in a report on Wednesday, June 25th. They set an “outperform” rating and a $133.00 target price for the company. Jefferies Financial Group began coverage on Autoliv in a report on Wednesday, July 2nd. They issued a “buy” rating and a $140.00 price target on the stock. Robert W. Baird upped their price objective on Autoliv from $108.00 to $126.00 and gave the stock a “neutral” rating in a research report on Friday, July 11th. Finally, Wall Street Zen raised Autoliv from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 5th. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $121.19.

View Our Latest Analysis on Autoliv

Autoliv Stock Down 4.1%

NYSE:ALV opened at $112.00 on Wednesday. Autoliv has a 1 year low of $75.49 and a 1 year high of $118.98. The stock has a 50-day moving average price of $108.84 and a two-hundred day moving average price of $98.31. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 1.32 and a beta of 1.37. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66.

Autoliv (NYSE:ALVGet Free Report) last released its quarterly earnings data on Friday, July 18th. The auto parts company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.14. Autoliv had a return on equity of 30.47% and a net margin of 6.63%. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the previous year, the business posted $1.87 EPS. Autoliv’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts expect that Autoliv will post 9.51 earnings per share for the current year.

Autoliv declared that its board has approved a share buyback plan on Wednesday, June 4th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the auto parts company to buy up to 31.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Autoliv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Friday, September 5th. This is a boost from Autoliv’s previous quarterly dividend of $0.70. This represents a $3.40 annualized dividend and a yield of 3.04%. Autoliv’s payout ratio is currently 39.13%.

Insider Buying and Selling

In related news, Director Jan Carlson sold 1,555 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $108.32, for a total transaction of $168,437.60. Following the sale, the director owned 77,493 shares in the company, valued at approximately $8,394,041.76. This trade represents a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Autoliv

Large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its position in shares of Autoliv by 26.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,964 shares of the auto parts company’s stock worth $779,000 after buying an additional 1,474 shares during the last quarter. Paragon Capital Management Ltd acquired a new position in Autoliv during the second quarter worth about $257,000. Signet Financial Management LLC lifted its holdings in shares of Autoliv by 7.5% in the second quarter. Signet Financial Management LLC now owns 4,131 shares of the auto parts company’s stock worth $462,000 after acquiring an additional 287 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Autoliv by 52.4% in the 2nd quarter. GAMMA Investing LLC now owns 564 shares of the auto parts company’s stock valued at $63,000 after purchasing an additional 194 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Autoliv in the 2nd quarter valued at approximately $620,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Autoliv (NYSE:ALV)

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