Autoliv, Inc. (NYSE:ALV) Receives $117.14 Consensus Price Target from Brokerages

Autoliv, Inc. (NYSE:ALV) has been given an average recommendation of “Moderate Buy” by the nineteen brokerages that are currently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $117.14.

Several analysts have weighed in on the stock. Pareto Securities lowered shares of Autoliv to a “hold” rating in a research note on Monday, February 3rd. Cowen started coverage on shares of Autoliv in a research report on Thursday, March 6th. They set a “buy” rating for the company. Hsbc Global Res lowered shares of Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their price target on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Finally, TD Cowen started coverage on shares of Autoliv in a research report on Friday, March 7th. They set a “buy” rating and a $116.00 price target for the company.

Insider Buying and Selling at Autoliv

In other Autoliv news, CFO Fredrik Westin sold 1,803 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total value of $178,839.57. Following the completion of the sale, the chief financial officer now directly owns 7,261 shares of the company’s stock, valued at approximately $720,218.59. This represents a 19.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Magnus Jarlegren sold 1,289 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $98.83, for a total transaction of $127,391.87. Following the completion of the sale, the insider now directly owns 6,142 shares of the company’s stock, valued at $607,013.86. The trade was a 17.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,253 shares of company stock valued at $915,534. 0.20% of the stock is owned by insiders.

Institutional Trading of Autoliv

A number of hedge funds have recently bought and sold shares of the company. FMR LLC lifted its stake in Autoliv by 9.9% during the fourth quarter. FMR LLC now owns 7,146,500 shares of the auto parts company’s stock valued at $670,270,000 after buying an additional 641,895 shares in the last quarter. Swedbank AB lifted its stake in Autoliv by 8.7% during the third quarter. Swedbank AB now owns 2,567,281 shares of the auto parts company’s stock valued at $239,707,000 after buying an additional 205,241 shares in the last quarter. FIL Ltd lifted its stake in Autoliv by 17.3% during the fourth quarter. FIL Ltd now owns 2,382,265 shares of the auto parts company’s stock valued at $223,433,000 after buying an additional 351,876 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Autoliv by 9.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,623,600 shares of the auto parts company’s stock valued at $152,275,000 after buying an additional 134,347 shares in the last quarter. Finally, Mondrian Investment Partners LTD lifted its stake in Autoliv by 4.5% during the fourth quarter. Mondrian Investment Partners LTD now owns 1,378,636 shares of the auto parts company’s stock valued at $133,259,000 after buying an additional 59,592 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Stock Down 1.6 %

ALV stock opened at $89.39 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. Autoliv has a 1-year low of $87.55 and a 1-year high of $129.38. The firm has a fifty day moving average price of $95.97 and a two-hundred day moving average price of $95.74. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 0.73 and a beta of 1.59.

Autoliv (NYSE:ALV) last released its earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.21. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. Research analysts predict that Autoliv will post 9.51 EPS for the current year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Friday, March 7th. Autoliv’s payout ratio is 34.70%.

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.