Autoliv, Inc. (NYSE:ALV) Receives $134.25 Average Target Price from Brokerages

Shares of Autoliv, Inc. (NYSE:ALV) have received an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $134.25.

ALV has been the subject of a number of recent analyst reports. Evercore lowered their price objective on Autoliv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Weiss Ratings upgraded Autoliv from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, April 21st. Barclays lowered their price objective on Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, March 30th. Wolfe Research set a $143.00 price objective on Autoliv in a research note on Monday, January 12th. Finally, Bank of America initiated coverage on Autoliv in a research note on Thursday, April 16th. They set a “buy” rating and a $140.00 price objective for the company.

Autoliv Price Performance

Shares of NYSE ALV opened at $113.22 on Friday. Autoliv has a fifty-two week low of $91.34 and a fifty-two week high of $130.14. The business has a 50 day moving average price of $110.75 and a two-hundred day moving average price of $117.56. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. The firm has a market cap of $8.48 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 0.78 and a beta of 1.35.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Saturday, April 18th. The auto parts company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.21. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the firm earned $2.15 EPS. Autoliv’s quarterly revenue was up 6.8% on a year-over-year basis. Sell-side analysts expect that Autoliv will post 10.49 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, March 4th were given a $0.87 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $3.48 annualized dividend and a dividend yield of 3.1%. Autoliv’s dividend payout ratio (DPR) is presently 37.42%.

Insider Buying and Selling

In other news, EVP Christian Swahn sold 1,478 shares of Autoliv stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total value of $180,360.34. Following the completion of the transaction, the executive vice president owned 5,314 shares in the company, valued at approximately $648,467.42. This trade represents a 21.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Per Jonas Jademyr sold 1,278 shares of Autoliv stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total value of $155,954.34. Following the completion of the transaction, the executive vice president owned 1,963 shares of the company’s stock, valued at approximately $239,544.89. The trade was a 39.43% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 22,243 shares of company stock worth $2,713,735. 0.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Torren Management LLC acquired a new position in shares of Autoliv in the 4th quarter worth approximately $25,000. IFP Advisors Inc grew its position in shares of 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 acquiring an additional 107 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Autoliv by 863.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 190 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Autoliv in the 3rd quarter worth approximately $32,000. Finally, Quarry LP acquired a new position in shares of Autoliv in the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds 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.