Autoliv (NYSE:ALV) Price Target Cut to $135.00 by Analysts at Barclays

Autoliv (NYSE:ALV) had its price objective trimmed by Barclays from $140.00 to $135.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the auto parts company’s stock.

Other equities research analysts have also issued reports about the stock. Robert W. Baird set a $132.00 price objective on shares of Autoliv in a report on Monday, February 2nd. Evercore cut their price objective on Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Autoliv in a research note on Monday, December 29th. Wall Street Zen lowered Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Finally, Wells Fargo & Company decreased their price objective on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 9th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.36.

Autoliv Trading Down 1.5%

Autoliv stock opened at $100.98 on Monday. Autoliv has a one year low of $75.49 and a one year high of $130.14. The stock has a market cap of $7.56 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 0.86 and a beta of 1.32. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.05. The stock has a 50-day moving average of $116.68 and a two-hundred day moving average of $119.49.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, January 30th. The auto parts company reported $3.19 EPS for the quarter, beating the consensus estimate of $2.85 by $0.34. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. Autoliv’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $3.05 EPS. On average, research analysts anticipate that Autoliv will post 9.51 EPS for the current fiscal year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, March 4th were given a $0.87 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.4%. Autoliv’s dividend payout ratio is 36.40%.

Insider Transactions at Autoliv

In related news, Director Franz-Josef Kortuem sold 8,300 shares of Autoliv stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $120.40, for a total transaction of $999,320.00. Following the transaction, the director owned 5,549 shares in the company, valued at approximately $668,099.60. This trade represents a 59.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Christian Swahn sold 1,478 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total value of $180,360.34. Following the completion of the sale, the executive vice president owned 5,314 shares of the company’s stock, valued at approximately $648,467.42. The trade was a 21.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 22,243 shares of company stock valued at $2,713,735. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of Autoliv

Hedge funds have recently made changes to their positions in the company. Swedbank AB lifted its holdings in Autoliv by 14.4% in the fourth quarter. Swedbank AB now owns 2,976,700 shares of the auto parts company’s stock valued at $353,334,000 after acquiring an additional 375,454 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Autoliv by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,562,641 shares of the auto parts company’s stock valued at $304,185,000 after purchasing an additional 28,415 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Autoliv by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,881,828 shares of the auto parts company’s stock worth $223,385,000 after purchasing an additional 37,661 shares during the period. Vanguard Group Inc. increased its position in shares of Autoliv by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 1,867,396 shares of the auto parts company’s stock worth $221,660,000 after purchasing an additional 21,221 shares during the last quarter. Finally, LSV Asset Management raised its holdings in Autoliv by 6.5% in the 4th quarter. LSV Asset Management now owns 1,681,609 shares of the auto parts company’s stock valued at $199,607,000 after buying an additional 101,922 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Autoliv Company Profile

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.