Autoliv, Inc. (NYSE:ALV) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Autoliv, Inc. (NYSE:ALV) have earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $135.9333.

Several research firms have recently weighed in on ALV. Royal Bank Of Canada dropped their target price on shares of Autoliv from $148.00 to $147.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Wells Fargo & Company upped their target price 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. UBS Group increased their price objective on shares of Autoliv from $110.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. TD Cowen decreased their price objective on Autoliv from $150.00 to $148.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, Wall Street Zen cut shares of Autoliv from a “buy” rating to a “hold” rating in a report on Saturday, July 4th.

Autoliv Stock Down 1.7%

Shares of NYSE ALV opened at $119.20 on Friday. Autoliv has a 12-month low of $99.16 and a 12-month high of $132.17. The firm’s 50-day simple moving average is $120.76 and its 200 day simple moving average is $117.92. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 0.97 and a beta of 1.36.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the previous year, the business posted $2.21 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. On average, research analysts expect that Autoliv will post 10.04 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.87 per share. The ex-dividend date is Friday, August 28th. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. Autoliv’s dividend payout ratio (DPR) is presently 40.99%.

Insider Buying and Selling

In related news, Director Jan Carlson sold 19,607 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the transaction, the director directly owned 60,000 shares in the company, valued at approximately $7,800,000. This represents a 24.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

Institutional Trading of Autoliv

Large investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its holdings in Autoliv by 10,715.3% during the 2nd quarter. California State Teachers Retirement System now owns 8,691,259 shares of the auto parts company’s stock valued at $1,009,664,000 after buying an additional 8,610,898 shares in the last quarter. BlackRock Inc. bought a new position in Autoliv in the 2nd quarter worth about $573,245,000. Swedbank AB increased its position in shares of Autoliv by 14.4% during the fourth quarter. Swedbank AB now owns 2,976,700 shares of the auto parts company’s stock worth $353,334,000 after acquiring an additional 375,454 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Autoliv by 1.1% during 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. Finally, Dimensional Fund Advisors LP raised its stake in shares of Autoliv by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,952,252 shares of the auto parts company’s stock valued at $205,270,000 after acquiring an additional 70,424 shares in the last quarter. 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.