Autoliv (NYSE:ALV) Now Covered by Analysts at Bank of America

Bank of America initiated coverage on shares of Autoliv (NYSE:ALVFree Report) in a report issued on Thursday morning, MarketBeat reports. The brokerage issued a buy rating and a $140.00 price objective on the auto parts company’s stock.

ALV has been the subject of several other research reports. Wall Street Zen lowered shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Barclays decreased their target price on Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Robert W. Baird set a $132.00 price objective on shares of Autoliv in a report on Monday, February 2nd. Weiss Ratings lowered Autoliv from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, April 7th. Finally, Royal Bank Of Canada dropped their price objective on shares of Autoliv from $146.00 to $141.00 and set an “outperform” rating on the stock in a report on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.38.

Read Our Latest Stock Report on Autoliv

Autoliv Trading Up 2.1%

Autoliv stock opened at $111.42 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.05. Autoliv has a 1 year low of $84.60 and a 1 year high of $130.14. The firm’s 50-day moving average is $112.25 and its 200-day moving average is $118.00. The company has a market cap of $8.34 billion, a P/E ratio of 11.65, a PEG ratio of 0.98 and a beta of 1.35.

Autoliv (NYSE:ALVGet Free Report) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $2.77 billion. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $3.05 EPS. On average, equities analysts expect 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. Investors of record on Wednesday, March 4th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, March 4th. Autoliv’s dividend payout ratio (DPR) is currently 36.40%.

Insider Buying and Selling

In related news, insider Magnus Jarlegren sold 1,598 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $121.61, for a total transaction of $194,332.78. Following the sale, the insider directly owned 7,739 shares in the company, valued at $941,139.79. This trade represents a 17.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Per Jonas Jademyr sold 1,278 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total value of $155,954.34. Following the transaction, the executive vice president owned 1,963 shares of the company’s stock, valued at approximately $239,544.89. The trade was a 39.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 22,243 shares of company stock valued at $2,713,735. 0.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new stake in Autoliv in the first quarter valued at $412,000. NewEdge Advisors LLC increased its stake in shares of Autoliv by 11.2% during the 1st quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company’s stock worth $287,000 after purchasing an additional 326 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Autoliv by 3,361.1% in the 1st quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company’s stock valued at $937,000 after purchasing an additional 10,285 shares during the period. Goldman Sachs Group Inc. lifted its stake in Autoliv by 88.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company’s stock valued at $16,935,000 after purchasing an additional 89,918 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in Autoliv by 5.1% in the 2nd quarter. Cetera Investment Advisers now owns 5,497 shares of the auto parts company’s stock valued at $615,000 after purchasing an additional 268 shares during the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Autoliv

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Autoliv Company Profile

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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.

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Analyst Recommendations for Autoliv (NYSE:ALV)

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