StockNews.com Upgrades Autoliv (NYSE:ALV) to Strong-Buy

StockNews.com upgraded shares of Autoliv (NYSE:ALV) from a buy rating to a strong-buy rating in a research report report published on Friday.

A number of other research analysts have also issued reports on ALV. Robert W. Baird upped their price target on shares of Autoliv from $133.00 to $135.00 and gave the company a neutral rating in a research note on Monday, April 29th. JPMorgan Chase & Co. upped their target price on Autoliv from $117.00 to $129.00 and gave the company a neutral rating in a research report on Monday, April 22nd. Berenberg Bank raised Autoliv from a hold rating to a buy rating and set a $120.00 price target for the company in a research report on Friday, January 12th. Wolfe Research lowered Autoliv from an outperform rating to a peer perform rating in a report on Thursday, January 4th. Finally, Mizuho lifted their target price on Autoliv from $115.00 to $135.00 and gave the stock a buy rating in a report on Monday, March 25th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Autoliv presently has a consensus rating of Moderate Buy and an average price target of $125.90.

Autoliv Price Performance

Shares of ALV stock opened at $123.81 on Friday. Autoliv has a fifty-two week low of $79.66 and a fifty-two week high of $125.91. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.82 and a current ratio of 1.10. The firm has a market capitalization of $10.08 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 0.77 and a beta of 1.69. The stock’s 50-day simple moving average is $118.94 and its 200-day simple moving average is $109.25.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Monday, March 11th. Autoliv’s payout ratio is currently 42.43%.

Insider Activity at Autoliv

In other Autoliv news, EVP Anthony J. Nellis sold 760 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $110.00, for a total transaction of $83,600.00. Following the transaction, the executive vice president now owns 4,859 shares in the company, valued at $534,490. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Mikael Hagstrom sold 327 shares of Autoliv stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total value of $35,868.63. Following the sale, the vice president now owns 327 shares in the company, valued at $35,868.63. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Anthony J. Nellis sold 760 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $110.00, for a total transaction of $83,600.00. Following the sale, the executive vice president now directly 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 7,606 shares of company stock worth $835,205 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. KRS Capital Management LLC lifted its position in shares of Autoliv by 3.7% in the first quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock valued at $336,000 after acquiring an additional 100 shares in the last quarter. State of Michigan Retirement System raised its stake in Autoliv by 0.6% in the 1st quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock valued at $2,180,000 after purchasing an additional 100 shares during the last quarter. Wahed Invest LLC lifted its holdings in Autoliv by 8.5% in the 3rd quarter. Wahed Invest LLC now owns 1,339 shares of the auto parts company’s stock valued at $129,000 after purchasing an additional 105 shares in the last quarter. Corient Private Wealth LLC boosted its stake in Autoliv by 1.1% during the 4th quarter. Corient Private Wealth LLC now owns 9,490 shares of the auto parts company’s stock worth $1,046,000 after purchasing an additional 107 shares during the last quarter. Finally, Rise Advisors LLC grew its holdings in shares of Autoliv by 84.1% during the fourth quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after buying an additional 122 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

About Autoliv

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.