Autoliv (NYSE:ALV) Research Coverage Started at Bank of America

Bank of America began coverage on shares of Autoliv (NYSE:ALVFree Report) in a research report released on Thursday, MarketBeat.com reports. The firm issued a buy rating and a $140.00 price target on the auto parts company’s stock.

A number of other research analysts have also weighed in on the company. Barclays decreased their price objective on Autoliv from $140.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, March 30th. Weiss Ratings lowered shares of Autoliv from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, April 7th. Wall Street Zen cut shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Jefferies Financial Group downgraded shares of Autoliv from a “buy” rating to a “hold” rating and decreased their price target for the stock from $150.00 to $120.00 in a research note on Tuesday. Finally, Wolfe Research set a $143.00 price target on shares of Autoliv in a research report on Monday, January 12th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Autoliv presently has a consensus rating of “Moderate Buy” and an average target price of $134.38.

Check Out Our Latest Stock Report on Autoliv

Autoliv Price Performance

Shares of Autoliv stock opened at $119.17 on Thursday. The stock has a market capitalization of $8.92 billion, a P/E ratio of 12.81, a PEG ratio of 1.01 and a beta of 1.35. The business has a 50 day simple moving average of $112.11 and a two-hundred day simple moving average of $117.92. Autoliv has a 12 month low of $84.60 and a 12 month high of $130.14. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.79.

Autoliv (NYSE:ALVGet Free Report) last issued its quarterly earnings results on Friday, April 17th. 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 return on equity of 30.42% and a net margin of 6.80%.The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period in the previous year, the company posted $2.15 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. As a group, analysts predict that Autoliv will post 9.51 EPS for the current fiscal year.

Autoliv Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 2.9%. Autoliv’s dividend payout ratio (DPR) is 36.40%.

Insider Buying and Selling at Autoliv

In related news, EVP Christian Swahn sold 1,478 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total transaction of $180,360.34. Following the completion of the sale, the executive vice president directly owned 5,314 shares in the company, valued at approximately $648,467.42. This trade represents a 21.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Per Jonas Jademyr sold 1,278 shares of Autoliv 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 22,243 shares of company stock worth $2,713,735. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of Autoliv

Several hedge funds have recently made changes to their positions in ALV. Swedbank AB raised its position in shares of Autoliv by 14.4% during the 4th quarter. Swedbank AB now owns 2,976,700 shares of the auto parts company’s stock valued at $353,334,000 after buying an additional 375,454 shares during the period. Charles Schwab Investment Management Inc. grew its position in Autoliv by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,562,641 shares of the auto parts company’s stock worth $304,185,000 after acquiring an additional 28,415 shares during the period. Dimensional Fund Advisors LP increased its stake in Autoliv by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,881,828 shares of the auto parts company’s stock worth $223,385,000 after acquiring an additional 37,661 shares during the last quarter. Vanguard Group Inc. increased its stake in Autoliv by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 1,867,396 shares of the auto parts company’s stock worth $221,660,000 after acquiring an additional 21,221 shares during the last quarter. Finally, LSV Asset Management raised its position in Autoliv by 6.5% in the fourth quarter. LSV Asset Management now owns 1,681,609 shares of the auto parts company’s stock valued at $199,607,000 after purchasing an additional 101,922 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Key Autoliv News

Here are the key news stories impacting Autoliv this week:

Autoliv Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Autoliv (NYSE:ALV)

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