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

Autoliv (NYSE:ALV) had its price target cut by Barclays from $140.00 to $135.00 in a research note published on Monday morning,Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

Several other brokerages have also recently weighed in on ALV. Wells Fargo & Company dropped their price objective on Autoliv from $129.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, December 9th. Robert W. Baird set a $132.00 target price on shares of Autoliv in a research note on Monday, February 2nd. Evercore lowered their price target on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Monday, February 2nd. Wall Street Zen downgraded shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, Wolfe Research set a $143.00 price objective on shares of Autoliv in a report on Monday, January 12th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.50.

Autoliv Stock Up 1.9%

Shares of ALV opened at $107.16 on Monday. The business’s fifty day moving average price is $115.93 and its two-hundred day moving average price is $119.26. The firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 0.88 and a beta of 1.35. Autoliv has a 52 week low of $75.49 and a 52 week high of $130.14. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.05.

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

Autoliv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, March 4th were paid a $0.87 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $3.48 annualized dividend and a yield of 3.2%. Autoliv’s dividend payout ratio is presently 36.40%.

Insider Activity

In related news, EVP Per Jonas Jademyr sold 1,278 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total value of $155,954.34. Following the sale, the executive vice president directly owned 1,963 shares in the company, valued at $239,544.89. This trade represents a 39.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Franz-Josef Kortuem sold 8,300 shares of Autoliv 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 directly owned 5,549 shares in the company, valued at $668,099.60. The trade was a 59.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 22,243 shares of company stock valued at $2,713,735. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Autoliv

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Autoliv by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 180,208 shares of the auto parts company’s stock worth $22,256,000 after buying an additional 18,673 shares during the period. Caisse Des Depots ET Consignations acquired a new position in Autoliv in the third quarter valued at about $1,302,000. First Citizens Bank & Trust Co. acquired a new position in Autoliv in the third quarter valued at about $1,385,000. Northstar Advisory Group LLC bought a new stake in shares of Autoliv in the third quarter worth about $1,484,000. Finally, Nordea Investment Management AB bought a new stake in shares of Autoliv in the third quarter worth about $7,697,000. 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.