Autoliv (NYSE:ALV) Rating Increased to Outperform at BNP Paribas Exane

BNP Paribas Exane upgraded shares of Autoliv (NYSE:ALV) from a neutral rating to an outperform rating in a research report sent to investors on Friday, Marketbeat.com reports. BNP Paribas Exane currently has $123.00 price target on the auto parts company’s stock.

Other equities analysts have also issued reports about the company. Hsbc Global Res lowered Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Cowen started coverage on Autoliv in a research note on Thursday, March 6th. They set a “buy” rating on the stock. Pareto Securities lowered Autoliv to a “hold” rating in a research note on Monday, February 3rd. TD Cowen started coverage on shares of Autoliv in a report on Friday, March 7th. They issued a “buy” rating and a $116.00 price target on the stock. Finally, Mizuho reduced their target price on shares of Autoliv from $112.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.79.

Autoliv Stock Up 3.0 %

Shares of ALV opened at $98.04 on Friday. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 0.73 and a beta of 1.36. Autoliv has a 52 week low of $75.49 and a 52 week high of $129.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The business’s fifty day moving average price is $89.33 and its two-hundred day moving average price is $94.10.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.43. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company earned $1.58 EPS. On average, analysts predict that Autoliv will post 9.51 earnings per share for the current year.

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 dividend on an annualized basis and a yield of 2.86%. Autoliv’s dividend payout ratio is currently 32.22%.

Insider Activity at Autoliv

In other Autoliv news, insider Magnus Jarlegren sold 1,289 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total value of $127,391.87. Following the completion of the sale, the insider now directly owns 6,142 shares in the company, valued at approximately $607,013.86. This trade represents a 17.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mikael Bratt sold 5,760 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total value of $569,664.00. Following the completion of the sale, the chief executive officer now directly owns 23,307 shares of the company’s stock, valued at $2,305,062.30. The trade was a 19.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,253 shares of company stock worth $915,534 in the last quarter. 0.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Autoliv

Large investors have recently modified their holdings of the company. CIBC Asset Management Inc grew its stake in shares of Autoliv by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock worth $235,000 after acquiring an additional 124 shares in the last quarter. US Bancorp DE increased its stake in shares of Autoliv by 3.5% in the fourth quarter. US Bancorp DE now owns 3,820 shares of the auto parts company’s stock worth $358,000 after purchasing an additional 130 shares in the last quarter. AlphaQuest LLC raised its position in shares of Autoliv by 74.4% in the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 134 shares during the period. Deutsche Bank AG boosted its holdings in Autoliv by 2.3% in the 4th quarter. Deutsche Bank AG now owns 5,886 shares of the auto parts company’s stock worth $552,000 after buying an additional 135 shares during the period. Finally, Quantinno Capital Management LP grew its stake in Autoliv by 0.6% in the 4th quarter. Quantinno Capital Management LP now owns 23,592 shares of the auto parts company’s stock valued at $2,213,000 after buying an additional 136 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.