Autoliv (NYSE:ALV) Price Target Raised to $138.00 at Royal Bank Of Canada

Autoliv (NYSE:ALV) had its price target increased by Royal Bank Of Canada from $137.00 to $138.00 in a research report report published on Monday morning, MarketBeat Ratings reports. Royal Bank Of Canada currently has an outperform rating on the auto parts company’s stock.

Several other research firms have also weighed in on ALV. Wolfe Research set a $143.00 price objective on shares of Autoliv in a research note on Monday, January 12th. Bank of America initiated coverage on shares of Autoliv in a research note on Thursday, April 16th. They set a “buy” rating and a $140.00 price objective on the stock. Wall Street Zen lowered shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. TD Cowen reduced their price objective on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Finally, Robert W. Baird raised their target price on shares of Autoliv from $119.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Autoliv has an average rating of “Moderate Buy” and a consensus price target of $134.25.

Autoliv Stock Up 1.9%

Autoliv stock opened at $121.24 on Monday. The company’s 50 day simple moving average is $112.07 and its 200 day simple moving average is $117.84. Autoliv has a fifty-two week low of $84.60 and a fifty-two week high of $130.14. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 0.80 and a beta of 1.35. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.82.

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

Autoliv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, March 4th were issued 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 2.9%. Autoliv’s dividend payout ratio (DPR) is 37.42%.

Insider Buying and Selling

In other news, EVP Christian Swahn sold 1,478 shares of Autoliv 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 $180,360.34. Following the sale, the executive vice president directly owned 5,314 shares in the company, valued at $648,467.42. This trade represents a 21.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Magnus Jarlegren sold 1,598 shares of Autoliv stock in a transaction that occurred 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 completion of the sale, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,243 shares of company stock valued at $2,713,735 over the last ninety days. Insiders own 0.34% of the company’s stock.

Institutional Trading of Autoliv

A number of hedge funds and other institutional investors have recently made changes to their positions in ALV. Torren Management LLC acquired a new stake in shares of Autoliv in the fourth quarter valued at approximately $25,000. IFP Advisors Inc raised its holdings in shares of Autoliv by 110.3% in the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 107 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Autoliv by 863.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 190 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Autoliv in the third quarter valued at approximately $32,000. Finally, Quarry LP acquired a new stake in shares of Autoliv in the third quarter valued at approximately $36,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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.