Robert W. Baird Trims Autoliv (NYSE:ALV) Target Price to $111.00

Autoliv (NYSE:ALV) had its price objective decreased by Robert W. Baird from $128.00 to $111.00 in a research report sent to investors on Monday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the auto parts company’s stock.

A number of other analysts have also issued reports on the company. HSBC assumed coverage on Autoliv in a research report on Monday, July 15th. They set a buy rating and a $134.00 target price on the stock. Barclays lifted their price objective on Autoliv from $120.00 to $125.00 and gave the stock an equal weight rating in a report on Monday, April 29th. Citigroup reduced their target price on Autoliv from $128.00 to $119.00 and set a neutral rating for the company in a research note on Friday, July 12th. Hsbc Global Res upgraded shares of Autoliv to a strong-buy rating in a research note on Monday, July 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Autoliv from $128.00 to $122.00 and set an equal weight rating on the stock in a research note on Tuesday, June 25th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Autoliv has an average rating of Moderate Buy and a consensus target price of $126.46.

Autoliv Stock Down 0.2 %

NYSE ALV opened at $97.64 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. Autoliv has a fifty-two week low of $89.37 and a fifty-two week high of $129.38. The business has a 50 day moving average price of $113.66 and a two-hundred day moving average price of $114.49. The stock has a market cap of $7.82 billion, a PE ratio of 15.23, a P/E/G ratio of 0.76 and a beta of 1.61.

Autoliv (NYSE:ALV) last announced its 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). Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter last year, the company posted $1.93 earnings per share. Autoliv’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, sell-side analysts predict that Autoliv will post 9.57 EPS for the current fiscal year.

Autoliv Dividend Announcement

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

Insider Buying and Selling

In other Autoliv news, Director Jan Carlson sold 1,900 shares of Autoliv 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 in the company, valued at $9,822,237.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Autoliv

Several large investors have recently added to or reduced their stakes in the stock. NewSquare Capital LLC grew its position in shares of Autoliv by 11.4% during the second quarter. NewSquare Capital LLC now owns 47,385 shares of the auto parts company’s stock worth $5,070,000 after acquiring an additional 4,860 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in Autoliv during the 2nd quarter valued at about $259,000. Neo Ivy Capital Management bought a new position in Autoliv in the 2nd quarter worth about $650,000. Hennion & Walsh Asset Management Inc. bought a new position in Autoliv in the 2nd quarter worth about $236,000. Finally, Raymond James & Associates increased its stake in shares of Autoliv by 4.5% in the second quarter. Raymond James & Associates now owns 43,254 shares of the auto parts company’s stock valued at $4,628,000 after purchasing an additional 1,879 shares during the period. 69.57% of the stock is owned by institutional investors and hedge funds.

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.