Autoliv (NYSE:ALV) Price Target Cut to $103.00 by Analysts at Wells Fargo & Company

Autoliv (NYSE:ALV) had its target price cut by Wells Fargo & Company from $122.00 to $103.00 in a research report released on Monday, Benzinga reports. They currently have an equal weight rating on the auto parts company’s stock.

Several other analysts have also issued reports on ALV. BNP Paribas assumed coverage on shares of Autoliv in a report on Tuesday, June 18th. They issued a neutral rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of Autoliv from $117.00 to $129.00 and gave the stock a neutral rating in a research note on Monday, April 22nd. UBS Group upgraded shares of Autoliv from a neutral rating to a buy rating and boosted their price target for the stock from $102.00 to $141.00 in a research note on Tuesday, May 28th. Citigroup cut their price target on shares of Autoliv from $128.00 to $119.00 and set a neutral rating on the stock in a research note on Friday, July 12th. Finally, StockNews.com lowered shares of Autoliv from a strong-buy rating to a buy rating in a research note on Thursday, June 13th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $126.46.

Autoliv Stock Down 0.2 %

Shares of ALV opened at $97.64 on Monday. The firm has a market cap of $7.82 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 0.76 and a beta of 1.61. Autoliv has a 12-month low of $89.37 and a 12-month high of $129.38. The company’s 50-day moving average price is $113.66 and its 200 day moving average price is $114.49. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.93 earnings per share. On average, sell-side analysts forecast that Autoliv will post 9.57 earnings per share for the current year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Thursday, May 23rd were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Wednesday, May 22nd. Autoliv’s dividend payout ratio (DPR) is 42.43%.

Insider Activity at Autoliv

In related news, Director Jan Carlson sold 1,900 shares of the company’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 completion of the transaction, the director now directly owns 77,493 shares of the company’s stock, valued at $9,822,237.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Autoliv

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. acquired a new position in Autoliv in the fourth quarter valued at approximately $27,000. GAMMA Investing LLC boosted its holdings in Autoliv by 62.7% in the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 101 shares in the last quarter. Register Financial Advisors LLC acquired a new position in Autoliv in the first quarter valued at approximately $36,000. Parallel Advisors LLC boosted its holdings in shares of Autoliv by 83.8% in the fourth quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 223 shares during the period. Finally, Rise Advisors LLC boosted its holdings in shares of Autoliv by 104.9% in the first quarter. Rise Advisors LLC now owns 547 shares of the auto parts company’s stock valued at $66,000 after acquiring an additional 280 shares during the period. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Company Profile

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.