Autoliv (NYSE:ALV) Given New $113.00 Price Target at Wells Fargo & Company

Autoliv (NYSE:ALV) had its target price trimmed by Wells Fargo & Company from $125.00 to $113.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the auto parts company’s stock.

ALV has been the topic of a number of other reports. Weiss Ratings restated a “buy (b)” rating on shares of Autoliv in a report on Monday, December 29th. TD Cowen reiterated a “buy” rating on shares of Autoliv in a report on Tuesday, March 17th. Wolfe Research set a $143.00 price objective on shares of Autoliv in a research report on Monday, January 12th. Evercore dropped their target price on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada reduced their target price on shares of Autoliv from $146.00 to $141.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $134.50.

Autoliv Price Performance

Shares of ALV stock opened at $105.03 on Tuesday. The stock has a 50 day moving average price of $116.32 and a 200 day moving average price of $119.35. Autoliv has a 52-week low of $75.49 and a 52-week high of $130.14. 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 firm has a market capitalization of $7.86 billion, a P/E ratio of 10.99, a P/E/G ratio of 0.84 and a beta of 1.32.

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. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the company posted $3.05 EPS. Autoliv’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, sell-side analysts predict that Autoliv will post 9.51 earnings per share for the current year.

Autoliv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, March 4th were paid a dividend of $0.87 per share. The ex-dividend date was Wednesday, March 4th. This represents a $3.48 annualized dividend and a dividend yield of 3.3%. Autoliv’s dividend payout ratio (DPR) is currently 36.40%.

Insider Transactions at Autoliv

In other Autoliv news, insider Magnus Jarlegren sold 1,598 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $121.61, for a total transaction of $194,332.78. Following the transaction, the insider owned 7,739 shares of the company’s stock, valued at approximately $941,139.79. This trade represents a 17.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mikael Bratt sold 8,974 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $123.51, for a total transaction of $1,108,378.74. Following the completion of the sale, the chief executive officer owned 29,290 shares of the company’s stock, valued at approximately $3,617,607.90. This represents a 23.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 22,243 shares of company stock valued at $2,713,735 over the last three months. 0.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Autoliv

A number of hedge funds and other institutional investors have recently modified their holdings of ALV. Norges Bank bought a new position in Autoliv in the fourth quarter worth approximately $125,609,000. Northwestern Mutual Wealth Management Co. boosted its position in Autoliv by 127,512.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 579,360 shares of the auto parts company’s stock valued at $68,770,000 after acquiring an additional 578,906 shares in the last quarter. LSV Asset Management increased its holdings in shares of Autoliv by 54.9% in the 3rd quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock valued at $195,091,000 after acquiring an additional 559,605 shares during the period. AQR Capital Management LLC increased its holdings in shares of Autoliv by 151.7% in the 3rd quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock valued at $114,077,000 after acquiring an additional 556,651 shares during the period. Finally, Invesco Ltd. raised its position in shares of Autoliv by 334.1% in the 2nd quarter. Invesco Ltd. now owns 644,818 shares of the auto parts company’s stock worth $72,155,000 after acquiring an additional 496,261 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors.

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.