Autoliv (NYSE:ALV) Given Neutral Rating at UBS Group

UBS Group reissued their neutral rating on shares of Autoliv (NYSE:ALV) in a report issued on Tuesday, Marketbeat reports. The brokerage currently has a $124.00 price objective on the auto parts company’s stock, up from their previous price objective of $123.00.

Several other equities research analysts have also recently commented on the stock. Robert W. Baird dropped their target price on shares of Autoliv from $126.00 to $124.00 and set a “neutral” rating for the company in a research report on Monday, July 21st. Wells Fargo & Company lifted their price target on shares of Autoliv from $126.00 to $132.00 and gave the company an “equal weight” rating in a research report on Thursday, September 25th. Jefferies Financial Group assumed coverage on shares of Autoliv in a research report on Wednesday, July 2nd. They set a “buy” rating and a $140.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Autoliv in a research report on Saturday, September 27th. Finally, Mizuho lifted their price target on shares of Autoliv from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Autoliv has an average rating of “Moderate Buy” and an average price target of $125.09.

Autoliv Trading Down 4.0%

Shares of ALV opened at $122.33 on Tuesday. The stock has a market capitalization of $9.40 billion, a P/E ratio of 13.38, a PEG ratio of 1.32 and a beta of 1.33. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $121.78 and a two-hundred day simple moving average of $108.36. Autoliv has a twelve month low of $75.49 and a twelve month high of $129.54.

Autoliv (NYSE:ALV) last announced its quarterly earnings results 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. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a net margin of 6.83% and a return on equity of 30.73%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.87 EPS. On average, research analysts anticipate that Autoliv will post 9.51 EPS for the current year.

Institutional Trading of Autoliv

A number of large investors have recently made changes to their positions in ALV. True Wealth Design LLC raised its position in Autoliv by 1,892.3% in the second quarter. True Wealth Design LLC now owns 259 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 246 shares during the period. SouthState Corp purchased a new stake in shares of Autoliv in the 1st quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Autoliv by 103.5% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 348 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 177 shares during the period. GAMMA Investing LLC lifted its position in Autoliv by 122.9% during 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. Finally, FNY Investment Advisers LLC bought a new stake in Autoliv during the first quarter valued at about $44,000. 69.57% of the stock is currently owned by institutional investors.

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.