Barclays Lowers Autoliv (NYSE:ALV) Price Target to $135.00

Autoliv (NYSE:ALV) had its price objective reduced by analysts at Barclays from $140.00 to $135.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. Barclays‘s price objective points to a potential upside of 33.10% from the company’s current price.

ALV has been the topic of a number of other research reports. Evercore cut their price target on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. TD Cowen reaffirmed a “buy” rating on shares of Autoliv in a research report on Tuesday, March 17th. Wells Fargo & Company lowered their price objective on Autoliv from $129.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 9th. Robert W. Baird set a $132.00 price target on Autoliv in a report on Monday, February 2nd. Finally, Royal Bank Of Canada reduced their target price on Autoliv from $146.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, February 2nd. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $135.36.

Autoliv Trading Down 1.1%

Shares of NYSE:ALV traded down $1.11 during midday trading on Monday, hitting $101.43. 69,634 shares of the stock were exchanged, compared to its average volume of 774,987. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 0.86 and a beta of 1.32. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.05. The business’s 50-day moving average price is $117.19 and its 200 day moving average price is $119.68. Autoliv has a 12 month low of $75.49 and a 12 month high of $130.14.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, January 30th. The auto parts company reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.34. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. The business had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter last year, the business earned $3.05 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts predict that Autoliv will post 9.51 earnings per share for the current year.

Insider Activity at Autoliv

In related news, Director Franz-Josef Kortuem sold 8,300 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $120.40, for a total value of $999,320.00. Following the completion of the sale, the director owned 5,549 shares of the company’s stock, valued at $668,099.60. This trade represents a 59.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Per Jonas Jademyr sold 1,278 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total transaction of $155,954.34. Following the transaction, the executive vice president directly owned 1,963 shares in the company, valued at approximately $239,544.89. The trade was a 39.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 22,243 shares of company stock worth $2,713,735 over the last ninety days. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Autoliv

A number of institutional investors and hedge funds have recently made changes to their positions in the business. UMB Bank n.a. grew its stake in shares of Autoliv by 11.0% in the 4th quarter. UMB Bank n.a. now owns 825 shares of the auto parts company’s stock worth $98,000 after buying an additional 82 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Autoliv by 5.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,677 shares of the auto parts company’s stock worth $199,000 after buying an additional 83 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Autoliv by 24.8% in the 3rd quarter. Bessemer Group Inc. now owns 448 shares of the auto parts company’s stock worth $56,000 after purchasing an additional 89 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Autoliv by 21.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the auto parts company’s stock valued at $66,000 after buying an additional 98 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after buying an additional 107 shares in the last quarter. Institutional investors own 69.57% of the company’s stock.

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.