Brokerages Set Autoliv, Inc. (NYSE:ALV) Target Price at $135.36

Autoliv, Inc. (NYSE:ALV) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $134.50.

A number of research firms have weighed in on ALV. Barclays decreased their price objective on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Wolfe Research set a $143.00 price target on Autoliv in a research note on Monday, January 12th. Robert W. Baird set a $132.00 price target on Autoliv in a report on Monday, February 2nd. Royal Bank Of Canada lowered their price objective on Autoliv from $146.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Finally, Evercore cut their target price on Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd.

Autoliv Trading Down 0.1%

ALV opened at $105.23 on Tuesday. The firm’s 50 day moving average is $115.08 and its 200-day moving average is $118.97. Autoliv has a 52-week low of $75.49 and a 52-week high of $130.14. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $7.88 billion, a P/E ratio of 11.01, a P/E/G ratio of 0.88 and a beta of 1.35.

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

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Wednesday, March 4th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Wednesday, March 4th. Autoliv’s payout ratio is 36.40%.

Insider Transactions at Autoliv

In other news, CEO Mikael Bratt sold 8,974 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $123.51, for a total value of $1,108,378.74. Following the completion of the sale, the chief executive officer owned 29,290 shares of the company’s stock, valued at approximately $3,617,607.90. The trade was a 23.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Per Jonas Jademyr sold 1,278 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total transaction of $155,954.34. Following the completion of the sale, the executive vice president directly owned 1,963 shares of the company’s stock, valued at $239,544.89. The trade was a 39.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 22,243 shares of company stock valued at $2,713,735 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Autoliv

A number of hedge funds have recently bought and sold shares of the company. Invesco Ltd. increased its holdings in Autoliv by 5.5% in the fourth quarter. Invesco Ltd. now owns 717,991 shares of the auto parts company’s stock valued at $85,226,000 after buying an additional 37,117 shares during the last quarter. Caitlin John LLC bought a new position in Autoliv during the 4th quarter worth approximately $321,000. First Citizens Bank & Trust Co. lifted its holdings in Autoliv by 1.4% during the 4th quarter. First Citizens Bank & Trust Co. now owns 11,373 shares of the auto parts company’s stock worth $1,350,000 after buying an additional 159 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of Autoliv in the 4th quarter worth approximately $5,453,000. Finally, Empowered Funds LLC increased its holdings in shares of Autoliv by 24.2% in the 4th quarter. Empowered Funds LLC now owns 16,689 shares of the auto parts company’s stock valued at $1,981,000 after acquiring an additional 3,252 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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.