Autoliv (NYSE:ALV) Price Target Cut to $113.00 by Analysts at Wells Fargo & Company

Autoliv (NYSE:ALV) had its target price reduced by Wells Fargo & Company from $125.00 to $113.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 9.77% from the stock’s previous close.

Several other equities analysts also recently weighed in on ALV. Robert W. Baird set a $132.00 price target on shares of Autoliv in a report on Monday, February 2nd. Evercore dropped their price objective on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, February 2nd. Barclays cut their price objective on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday. Royal Bank Of Canada decreased their target price on shares of Autoliv from $146.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Autoliv in a report on Monday, December 29th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Autoliv presently has an average rating of “Moderate Buy” and a consensus price target of $134.50.

Autoliv Stock Performance

ALV stock traded up $1.97 during midday trading on Tuesday, reaching $102.94. The stock had a trading volume of 97,333 shares, compared to its average volume of 774,179. The stock has a market cap of $7.71 billion, a PE ratio of 10.77, 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 firm has a fifty day simple moving average of $116.68 and a two-hundred day simple moving average of $119.49. Autoliv has a 52-week low of $75.49 and a 52-week high of $130.14.

Autoliv (NYSE:ALV) last posted its quarterly 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. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.The business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the previous year, the business earned $3.05 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Autoliv will post 9.51 EPS for the current year.

Insider Buying and Selling

In other news, Director Franz-Josef Kortuem sold 8,300 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $120.40, for a total transaction of $999,320.00. Following the transaction, the director owned 5,549 shares in the company, valued at $668,099.60. This trade represents a 59.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Magnus Jarlegren sold 1,598 shares of Autoliv stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $121.61, for a total transaction of $194,332.78. Following the completion of the sale, the insider directly owned 7,739 shares in the company, valued at $941,139.79. This represents a 17.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 22,243 shares of company stock valued at $2,713,735 in the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Autoliv

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALV. Torren Management LLC purchased a new position in Autoliv in the 4th quarter worth approximately $25,000. IFP Advisors Inc increased its holdings in shares of Autoliv by 110.3% in the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 107 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Autoliv by 863.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock worth $25,000 after buying an additional 190 shares in the last quarter. Root Financial Partners LLC acquired a new position in Autoliv during the third quarter worth $32,000. Finally, Quarry LP purchased a new stake in Autoliv in the 3rd quarter valued at $36,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

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.