Autoliv (NYSE:ALV) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Autoliv (NYSE:ALV) from a buy rating to a strong-buy rating in a report published on Wednesday.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Autoliv from $117.00 to $129.00 and gave the company a neutral rating in a report on Monday, April 22nd. Bank of America raised their target price on Autoliv from $135.00 to $145.00 and gave the stock a buy rating in a research report on Monday, April 29th. Mizuho increased their price target on Autoliv from $115.00 to $135.00 and gave the company a buy rating in a research note on Monday, March 25th. Wells Fargo & Company lifted their price objective on Autoliv from $126.00 to $128.00 and gave the stock an equal weight rating in a research note on Monday, April 29th. Finally, UBS Group raised shares of Autoliv from a neutral rating to a buy rating and increased their target price for the company from $102.00 to $141.00 in a research report on Tuesday, May 28th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Autoliv currently has an average rating of Moderate Buy and a consensus price target of $129.50.

Autoliv Stock Down 0.2 %

Shares of NYSE ALV opened at $119.49 on Wednesday. The stock has a market capitalization of $9.72 billion, a P/E ratio of 18.68, a PEG ratio of 0.67 and a beta of 1.65. The stock’s fifty day moving average is $121.45 and its 200 day moving average is $113.61. Autoliv has a 52 week low of $82.21 and a 52 week high of $129.38. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.82 and a current ratio of 1.10.

Autoliv (NYSE:ALV) last released its earnings results on Friday, April 26th. The auto parts company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.18. Autoliv had a return on equity of 29.84% and a net margin of 5.10%. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Sell-side analysts forecast that Autoliv will post 9.82 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Thursday, May 23rd will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $2.72 annualized dividend and a dividend yield of 2.28%. Autoliv’s payout ratio is 42.43%.

Insiders Place Their Bets

In other news, Director Jan Carlson sold 1,900 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $126.75, for a total value of $240,825.00. Following the transaction, the director now owns 77,493 shares in the company, valued at approximately $9,822,237.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Autoliv

A number of hedge funds have recently modified their holdings of ALV. Benjamin F. Edwards & Company Inc. bought a new position in Autoliv during the fourth quarter worth about $27,000. Rise Advisors LLC grew its stake in Autoliv by 84.1% in the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock valued at $29,000 after buying an additional 122 shares in the last quarter. Register Financial Advisors LLC bought a new stake in Autoliv during the 1st quarter valued at $36,000. Parallel Advisors LLC lifted its position in shares of Autoliv by 83.8% during the fourth quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock worth $54,000 after acquiring an additional 223 shares in the last quarter. Finally, TFO Wealth Partners LLC boosted its holdings in shares of Autoliv by 15,425.0% in the fourth quarter. TFO Wealth Partners LLC now owns 621 shares of the auto parts company’s stock worth $68,000 after acquiring an additional 617 shares during the period. Institutional investors own 69.57% of the company’s stock.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.