Autoliv (NYSE:ALV) Given New $148.00 Price Target at TD Cowen

Autoliv (NYSE:ALV) had its price target decreased by TD Cowen from $150.00 to $148.00 in a research report sent to investors on Monday, Marketbeat.com reports. TD Cowen currently has a buy rating on the auto parts company’s stock.

Several other research firms have also recently commented on ALV. Wells Fargo & Company increased their price target on shares of Autoliv from $116.00 to $122.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. Jefferies Financial Group upgraded shares of Autoliv to a “hold” rating in a research report on Monday, June 15th. Bank of America began coverage on Autoliv in a report on Thursday, April 16th. They set a “buy” rating and a $140.00 price objective on the stock. Royal Bank Of Canada increased their price objective on Autoliv from $138.00 to $148.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, Wall Street Zen cut Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.93.

Autoliv Stock Down 2.3%

Shares of NYSE ALV opened at $117.52 on Monday. The firm’s 50-day simple moving average is $121.76 and its 200 day simple moving average is $118.61. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 0.80 and a beta of 1.35. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. Autoliv has a 12-month low of $99.16 and a 12-month high of $132.17.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.46 by ($0.03). The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.21 EPS. On average, research analysts expect that Autoliv will post 10.52 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Wednesday, May 20th were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, May 20th. Autoliv’s payout ratio is 37.42%.

Insider Buying and Selling at Autoliv

In related news, Director Jan Carlson sold 19,607 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $130.00, for a total value of $2,548,910.00. Following the transaction, the director directly owned 60,000 shares in the company, valued at $7,800,000. This represents a 24.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.34% of the stock is currently owned by company insiders.

Institutional Trading of Autoliv

Several institutional investors and hedge funds have recently made changes to their positions in the business. Swedbank AB boosted its position in shares of Autoliv by 14.4% in the 4th quarter. Swedbank AB now owns 2,976,700 shares of the auto parts company’s stock worth $353,334,000 after purchasing an additional 375,454 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Autoliv by 1.1% in the fourth 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 increased its holdings in Autoliv by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,952,252 shares of the auto parts company’s stock valued at $205,270,000 after purchasing an additional 70,424 shares during the last quarter. Vanguard Group Inc. increased its holdings in Autoliv by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 1,867,396 shares of the auto parts company’s stock valued at $221,660,000 after purchasing an additional 21,221 shares during the last quarter. Finally, LSV Asset Management lifted its stake in Autoliv by 6.5% in the fourth 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. 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.