Autoliv (NYSE:ALV) Given New $135.00 Price Target at Mizuho

Autoliv (NYSE:ALV) had its price objective lifted by Mizuho from $115.00 to $135.00 in a research report sent to investors on Monday morning, Benzinga reports. Mizuho currently has a buy rating on the auto parts company’s stock.

Several other equities analysts also recently weighed in on ALV. Barclays raised their price target on shares of Autoliv from $105.00 to $107.00 and gave the stock an equal weight rating in a research note on Tuesday, January 30th. Wells Fargo & Company raised their price target on shares of Autoliv from $101.00 to $107.00 and gave the stock an equal weight rating in a research note on Monday, January 29th. StockNews.com raised shares of Autoliv from a hold rating to a buy rating in a research note on Saturday, January 20th. Berenberg Bank raised shares of Autoliv from a hold rating to a buy rating and set a $120.00 target price on the stock in a research note on Friday, January 12th. Finally, Wolfe Research downgraded shares of Autoliv from an outperform rating to a peer perform rating in a research note on Thursday, January 4th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Autoliv currently has a consensus rating of Hold and an average price target of $114.00.

Autoliv Stock Up 0.9 %

Shares of NYSE ALV opened at $122.09 on Monday. The company’s 50-day simple moving average is $113.24 and its 200-day simple moving average is $104.62. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.52. The firm has a market cap of $10.09 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 0.78 and a beta of 1.71. Autoliv has a 52-week low of $79.66 and a 52-week high of $124.38.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, January 26th. The auto parts company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.37. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. Autoliv had a net margin of 4.66% and a return on equity of 27.13%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period last year, the firm posted $1.83 earnings per share. Equities analysts predict that Autoliv will post 9.75 EPS for the current fiscal year.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 12th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Monday, March 11th. Autoliv’s dividend payout ratio is presently 47.30%.

Insider Buying and Selling at Autoliv

In other Autoliv news, EVP Anthony J. Nellis sold 760 shares of Autoliv stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $110.00, for a total transaction of $83,600.00. Following the completion of the sale, the executive vice president now directly owns 4,859 shares in the company, valued at $534,490. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Mikael Bratt sold 4,226 shares of Autoliv stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total value of $463,676.72. Following the completion of the transaction, the chief executive officer now owns 17,547 shares in the company, valued at $1,925,256.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anthony J. Nellis sold 760 shares of Autoliv stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $110.00, for a total transaction of $83,600.00. Following the completion of the transaction, the executive vice president now owns 4,859 shares of the company’s stock, valued at approximately $534,490. The disclosure for this sale can be found here. Insiders sold a total of 8,388 shares of company stock worth $921,757 over the last three months. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. acquired a new position in Autoliv during the 4th quarter worth approximately $27,000. Rise Advisors LLC lifted its position in shares of Autoliv by 84.1% during the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after buying an additional 122 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Autoliv during the 3rd quarter worth approximately $46,000. Parallel Advisors LLC lifted its position in shares of Autoliv by 83.8% during the 4th quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock worth $54,000 after buying an additional 223 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in shares of Autoliv during the 1st quarter worth approximately $49,000. Institutional investors and hedge funds own 69.57% of the company’s stock.

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.