Autoliv (NYSE:ALV) Price Target Cut to $108.00

Autoliv (NYSE:ALV) had its target price cut by Citigroup from $119.00 to $108.00 in a research note released on Monday morning, Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

Other research analysts have also issued research reports about the stock. Mizuho increased their target price on shares of Autoliv from $115.00 to $135.00 and gave the stock a buy rating in a research note on Monday, March 25th. Evercore ISI lowered their target price on shares of Autoliv from $150.00 to $140.00 and set an outperform rating for the company in a research note on Monday. BNP Paribas began coverage on shares of Autoliv in a research note on Tuesday, June 18th. They set a neutral rating for the company. Wells Fargo & Company reduced their price target on shares of Autoliv from $122.00 to $103.00 and set an equal weight rating on the stock in a research report on Monday. Finally, Robert W. Baird reduced their price target on shares of Autoliv from $128.00 to $111.00 and set a neutral rating on the stock in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Autoliv presently has a consensus rating of Moderate Buy and a consensus target price of $126.46.

Autoliv Trading Down 0.4 %

Shares of ALV stock opened at $97.81 on Monday. The company’s 50-day moving average price is $114.22 and its 200-day moving average price is $114.61. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 0.60 and a beta of 1.61. Autoliv has a twelve month low of $89.37 and a twelve month high of $129.38.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.57). The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.73 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.93 EPS. As a group, equities analysts predict that Autoliv will post 9.74 earnings per share for the current year.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Thursday, May 23rd were paid a $0.68 dividend. The ex-dividend date was Wednesday, May 22nd. This represents a $2.72 annualized dividend and a yield of 2.78%. Autoliv’s dividend payout ratio is currently 42.43%.

Insider Buying and Selling at Autoliv

In other Autoliv news, Director Jan Carlson sold 1,900 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $126.75, for a total value of $240,825.00. Following the transaction, the director now directly owns 77,493 shares in the company, valued at $9,822,237.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Autoliv

Several hedge funds have recently added to or reduced their stakes in ALV. KRS Capital Management LLC grew its position in shares of Autoliv by 3.7% during the first quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock worth $336,000 after acquiring an additional 100 shares during the last quarter. State of Michigan Retirement System grew its position in shares of Autoliv by 0.6% during the first quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock worth $2,180,000 after acquiring an additional 100 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Autoliv by 62.7% during the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 101 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of Autoliv by 1.1% during the fourth quarter. Corient Private Wealth LLC now owns 9,490 shares of the auto parts company’s stock worth $1,046,000 after acquiring an additional 107 shares during the last quarter. Finally, Smithfield Trust Co grew its position in shares of Autoliv by 12.1% during the first quarter. Smithfield Trust Co now owns 1,330 shares of the auto parts company’s stock worth $160,000 after acquiring an additional 144 shares during the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

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.