Brokerages Set Autoliv, Inc. (NYSE:ALV) PT at $134.40

Shares of Autoliv, Inc. (NYSE:ALV) have received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $135.7143.

A number of equities research analysts have commented on the company. Barclays restated an “overweight” rating and set a $140.00 price objective on shares of Autoliv in a research report on Monday, February 2nd. Robert W. Baird set a $132.00 price target on shares of Autoliv in a research report on Monday, February 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Autoliv in a report on Monday, December 29th. Wells Fargo & Company lowered their price objective on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 9th. Finally, Evercore dropped their price objective on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, February 2nd.

Insiders Place Their Bets

In related news, CEO Mikael Bratt sold 8,974 shares of Autoliv stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $123.51, for a total transaction of $1,108,378.74. Following the completion of the sale, the chief executive officer owned 29,290 shares of the company’s stock, valued at approximately $3,617,607.90. This trade represents a 23.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Per Jonas Jademyr sold 1,278 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total value of $155,954.34. Following the completion of the transaction, the executive vice president owned 1,963 shares in the company, valued at $239,544.89. This trade represents a 39.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 22,243 shares of company stock valued at $2,713,735 in the last three months. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Autoliv

Hedge funds and other institutional investors have recently made changes to their positions in the company. Torren Management LLC bought a new stake in shares of Autoliv in the 4th quarter valued at approximately $25,000. IFP Advisors Inc raised its position in Autoliv by 110.3% during the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 107 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Autoliv by 863.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 190 shares in the last quarter. True Wealth Design LLC lifted its stake in Autoliv by 1,892.3% in the second quarter. True Wealth Design LLC now owns 259 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 246 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in Autoliv in the third quarter valued at approximately $32,000. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Stock Performance

Shares of Autoliv stock opened at $111.00 on Friday. The stock has a market cap of $8.29 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 0.93 and a beta of 1.32. The business has a fifty day simple moving average of $123.06 and a 200-day simple moving average of $121.81. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. Autoliv has a 12 month low of $75.49 and a 12 month high of $130.14.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.34. Autoliv had a return on equity of 30.42% and a net margin of 6.80%.The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.05 EPS. On average, sell-side analysts anticipate that Autoliv will post 9.51 EPS for the current fiscal year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, March 4th. Autoliv’s payout ratio is currently 36.40%.

About Autoliv

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.