Autoliv (NYSE:ALV) Given New $122.00 Price Target at Wells Fargo & Company

Autoliv (NYSE:ALV) had its price target lowered by Wells Fargo & Company from $128.00 to $122.00 in a research report sent to investors on Tuesday, Benzinga reports. The firm currently has an equal weight rating on the auto parts company’s stock.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Autoliv from $117.00 to $129.00 and gave the stock a neutral rating in a report on Monday, April 22nd. Mizuho raised their price objective on shares of Autoliv from $115.00 to $135.00 and gave the stock a buy rating in a report on Monday, March 25th. StockNews.com lowered shares of Autoliv from a strong-buy rating to a buy rating in a report on Thursday, June 13th. Bank of America raised their price objective on shares of Autoliv from $135.00 to $145.00 and gave the stock a buy rating in a report on Monday, April 29th. Finally, UBS Group upgraded shares of Autoliv from a neutral rating to a buy rating and raised their price objective for the stock from $102.00 to $141.00 in a report on Tuesday, May 28th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $128.90.

Autoliv Stock Performance

Autoliv stock opened at $108.81 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average of $119.72 and a 200-day moving average of $114.61. The firm has a market cap of $8.85 billion, a P/E ratio of 16.98, a P/E/G ratio of 0.61 and a beta of 1.65. Autoliv has a 1-year low of $82.54 and a 1-year high of $129.38.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, April 26th. The auto parts company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.18. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a net margin of 5.10% and a return on equity of 29.84%. Sell-side analysts expect that Autoliv will post 9.75 EPS for the current year.

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Thursday, May 23rd were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Wednesday, May 22nd. Autoliv’s dividend payout ratio is 42.43%.

Insider Buying and Selling at Autoliv

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

Institutional Investors Weigh In On Autoliv

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Advisors LLC increased its position in shares of Autoliv by 44.2% during the first quarter. Cetera Advisors LLC now owns 4,199 shares of the auto parts company’s stock valued at $506,000 after acquiring an additional 1,287 shares in the last quarter. Swedbank AB bought a new stake in Autoliv in the 1st quarter worth approximately $235,996,000. Virtu Financial LLC bought a new stake in Autoliv in the 1st quarter worth approximately $401,000. Wahed Invest LLC grew its position in Autoliv by 13.6% in the 1st quarter. Wahed Invest LLC now owns 1,452 shares of the auto parts company’s stock worth $175,000 after purchasing an additional 174 shares during the period. Finally, Hancock Whitney Corp grew its position in Autoliv by 3.0% in the 1st quarter. Hancock Whitney Corp now owns 101,772 shares of the auto parts company’s stock worth $12,256,000 after purchasing an additional 2,969 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.