Autoliv (NYSE:ALV) Rating Increased to Hold at Jefferies Financial Group

Autoliv (NYSE:ALV) was upgraded by investment analysts at Jefferies Financial Group to a “hold” rating in a report issued on Monday,Zacks.com reports.

ALV has been the topic of several other reports. 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, April 20th. TD Cowen dropped their target price on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Wall Street Zen downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. UBS Group raised their target price on shares of Autoliv from $110.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Barclays dropped their target price on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, March 30th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.87.

Autoliv Stock Performance

Shares of ALV stock opened at $121.94 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.82 and a current ratio of 1.08. The company has a market capitalization of $9.13 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 0.84 and a beta of 1.33. The company’s 50 day moving average price is $119.78 and its two-hundred day moving average price is $118.72. Autoliv has a 52 week low of $99.16 and a 52 week high of $132.17.

Autoliv (NYSE:ALV) last announced its earnings results on Saturday, April 18th. The auto parts company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.84 by $0.21. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.61 billion. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company posted $2.15 EPS. On average, analysts expect that Autoliv will post 10.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Autoliv

In other news, Director Jan Carlson sold 19,607 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the completion of the transaction, the director directly owned 60,000 shares of the company’s stock, valued at $7,800,000. This trade represents a 24.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Autoliv

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of Autoliv by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 180,208 shares of the auto parts company’s stock worth $22,256,000 after acquiring an additional 18,673 shares in the last quarter. Elo Mutual Pension Insurance Co bought a new position in shares of Autoliv in the third quarter valued at $2,198,000. Jupiter Asset Management Ltd. bought a new position in shares of Autoliv in the third quarter valued at $4,294,000. Artemis Investment Management LLP acquired a new position in Autoliv during the fourth quarter worth $2,075,000. Finally, SG Americas Securities LLC raised its position in Autoliv by 576.9% during the fourth quarter. SG Americas Securities LLC now owns 17,287 shares of the auto parts company’s stock worth $2,052,000 after acquiring an additional 14,733 shares in the last quarter. 69.57% of the stock is owned by institutional investors.

About Autoliv

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.