Autoliv (NYSE:ALV) Price Target Raised to $130.00 at Robert W. Baird

Autoliv (NYSE:ALV) had its price objective upped by Robert W. Baird from $119.00 to $130.00 in a report issued on Monday, MarketBeat.com reports. They currently have a neutral rating on the auto parts company’s stock.

A number of other research analysts also recently commented on the company. Wolfe Research set a $143.00 price target on Autoliv in a research note on Monday, January 12th. TD Cowen lowered their target price on Autoliv from $150.00 to $147.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Barclays lowered their target price on Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, March 30th. Evercore lowered their target price on Autoliv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Finally, Bank of America initiated coverage on Autoliv in a research note on Thursday, April 16th. They set a “buy” rating and a $140.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and an average target price of $134.25.

Autoliv Stock Up 1.9%

ALV stock opened at $121.24 on Monday. The company has a market cap of $9.08 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 0.80 and a beta of 1.35. The business has a 50-day simple moving average of $112.07 and a 200 day simple moving average of $117.84. Autoliv has a 52 week low of $84.60 and a 52 week high of $130.14. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, April 17th. The auto parts company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.21. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.61 billion. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.Autoliv’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.15 earnings per share. Sell-side analysts anticipate that Autoliv will post 10.29 EPS for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $3.48 annualized dividend and a yield of 2.9%. Autoliv’s payout ratio is presently 37.42%.

Insider Activity

In other news, Director Franz-Josef Kortuem sold 8,300 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $120.40, for a total value of $999,320.00. Following the completion of the transaction, the director owned 5,549 shares of the company’s stock, valued at $668,099.60. This represents a 59.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Per Jonas Jademyr sold 1,278 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total value of $155,954.34. Following the completion of the transaction, the executive vice president directly owned 1,963 shares of the company’s stock, valued at $239,544.89. This represents a 39.43% decrease in their position. 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. Corporate insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ALV. Integrated Wealth Concepts LLC acquired a new position in shares of Autoliv in the first quarter valued at approximately $412,000. NewEdge Advisors LLC boosted its holdings in Autoliv by 11.2% in the first quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company’s stock valued at $287,000 after acquiring an additional 326 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Autoliv by 3,361.1% in the first quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company’s stock valued at $937,000 after acquiring an additional 10,285 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Autoliv by 88.5% in the first quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company’s stock valued at $16,935,000 after acquiring an additional 89,918 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Autoliv by 5.1% in the second quarter. Cetera Investment Advisers now owns 5,497 shares of the auto parts company’s stock valued at $615,000 after acquiring an additional 268 shares during the last quarter. Institutional investors and hedge funds 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.