Autoliv, Inc. (NYSE:ALV) Receives $135.27 Consensus Target Price from Brokerages

Shares of Autoliv, Inc. (NYSE:ALV) have received an average rating of “Moderate Buy” from the thirteen analysts that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $135.9333.

A number of research analysts have recently commented on the stock. UBS Group boosted their target price on shares of Autoliv from $110.00 to $122.00 and gave the stock a “neutral” rating in a research report on Monday, June 15th. Jefferies Financial Group raised Autoliv to a “hold” rating in a research report on Monday, June 15th. Wells Fargo & Company increased their price objective on shares of Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Bank of America initiated coverage on Autoliv in a research note on Thursday, April 16th. They issued a “buy” rating and a $140.00 target price on the stock. Finally, Robert W. Baird boosted their price objective on Autoliv from $119.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th.

Insiders Place Their Bets

In other news, Director Jan Carlson sold 19,607 shares of Autoliv stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $130.00, for a total value of $2,548,910.00. Following the transaction, the director owned 60,000 shares of the company’s stock, valued at $7,800,000. The trade was a 24.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Autoliv

A number of hedge funds have recently modified their holdings of the stock. Wedge Capital Management L L P NC increased its stake in Autoliv by 6.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 108,093 shares of the auto parts company’s stock worth $12,557,000 after purchasing an additional 6,804 shares in the last quarter. GAMMA Investing LLC increased its stake in Autoliv by 16.5% in the 2nd quarter. GAMMA Investing LLC now owns 988 shares of the auto parts company’s stock valued at $115,000 after buying an additional 140 shares during the period. Pacer Advisors Inc. increased its stake in shares of Autoliv by 3,296.4% in the first quarter. Pacer Advisors Inc. now owns 283,973 shares of the auto parts company’s stock worth $29,863,000 after acquiring an additional 275,612 shares during the last quarter. NewEdge Advisors LLC increased its position in Autoliv by 529.0% in the 1st quarter. NewEdge Advisors LLC now owns 18,544 shares of the auto parts company’s stock worth $1,950,000 after purchasing an additional 15,596 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Autoliv by 19.4% during the first quarter. Bank of America Corp DE now owns 170,018 shares of the auto parts company’s stock valued at $17,879,000 after acquiring an additional 27,622 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

Autoliv Stock Up 1.2%

Shares of NYSE ALV opened at $121.71 on Thursday. The stock has a market capitalization of $9.11 billion, a PE ratio of 13.09, a P/E/G ratio of 0.80 and a beta of 1.35. 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 fifty day moving average of $121.66 and a 200-day moving average of $118.56. Autoliv has a 52-week low of $99.16 and a 52-week high of $132.17.

Autoliv (NYSE:ALV) last posted its earnings results on Saturday, April 18th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.21. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the company earned $2.15 EPS. The company’s revenue was up 6.8% on a year-over-year basis. On average, analysts anticipate that Autoliv will post 10.52 EPS for the current year.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Autoliv’s dividend payout ratio (DPR) is presently 37.42%.

Autoliv Company Profile

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.