Analysts Set Autoliv, Inc. (NYSE:ALV) Price Target at $112.79

Shares of Autoliv, Inc. (NYSE:ALV) have earned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $114.00.

Several research firms have issued reports on ALV. Robert W. Baird decreased their price target on shares of Autoliv from $105.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. HSBC cut Autoliv from a “buy” rating to a “hold” rating and decreased their target price for the stock from $109.00 to $100.00 in a report on Tuesday, February 4th. Barclays upped their target price on Autoliv from $97.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, April 21st. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. Finally, TD Cowen initiated coverage on Autoliv in a report on Friday, March 7th. They set a “buy” rating and a $116.00 price objective on the stock.

Autoliv Price Performance

NYSE:ALV opened at $102.03 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. The business’s 50-day moving average price is $89.84 and its 200 day moving average price is $94.29. Autoliv has a 52-week low of $75.49 and a 52-week high of $129.38. The firm has a market cap of $7.89 billion, a P/E ratio of 12.64, a PEG ratio of 0.73 and a beta of 1.36.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.43. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm posted $1.58 EPS. As a group, sell-side analysts predict that Autoliv will post 9.51 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a $0.70 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $2.80 annualized dividend and a yield of 2.74%. Autoliv’s dividend payout ratio is presently 32.22%.

Insiders Place Their Bets

In related news, CEO Mikael Bratt sold 5,760 shares of Autoliv stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total transaction of $569,664.00. Following the completion of the sale, the chief executive officer now owns 23,307 shares of the company’s stock, valued at approximately $2,305,062.30. This trade represents a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Per Jonas Jademyr sold 401 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.85, for a total value of $39,638.85. Following the completion of the transaction, the executive vice president now owns 685 shares in the company, valued at $67,712.25. This trade represents a 36.92% decrease in their position. 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. 0.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Autoliv

A number of hedge funds and other institutional investors have recently made changes to their positions in ALV. Barclays PLC lifted its stake in Autoliv by 41.5% in the third quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock valued at $2,821,000 after acquiring an additional 8,859 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Autoliv by 3.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,171 shares of the auto parts company’s stock valued at $391,000 after purchasing an additional 140 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Autoliv by 139.5% in the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 159 shares during the last quarter. Perpetual Ltd lifted its stake in shares of Autoliv by 130.4% in the 4th quarter. Perpetual Ltd now owns 6,221 shares of the auto parts company’s stock valued at $583,000 after purchasing an additional 3,521 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Autoliv by 4.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,315 shares of the auto parts company’s stock worth $405,000 after purchasing an additional 190 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other 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.