Autoliv, Inc. (NYSE:ALV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Autoliv, Inc. (NYSE:ALV) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $135.00.

A number of analysts have recently issued reports on the stock. Bank of America initiated coverage on shares of Autoliv in a research note on Thursday, April 16th. They set a “buy” rating and a $140.00 target price for the company. Robert W. Baird raised their price target on shares of Autoliv from $119.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. TD Cowen lowered their price target on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Royal Bank Of Canada raised their price target on shares of Autoliv from $137.00 to $138.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Finally, Evercore lowered their price target on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd.

Insider Buying and Selling

In related news, Director Franz-Josef Kortuem sold 8,300 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $120.40, for a total transaction of $999,320.00. Following the transaction, the director directly owned 5,549 shares of the company’s stock, valued at approximately $668,099.60. This trade represents a 59.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Autoliv

A number of hedge funds have recently bought and sold shares of ALV. Norges Bank bought a new position in Autoliv during the fourth quarter worth about $125,609,000. Northwestern Mutual Wealth Management Co. increased its holdings in Autoliv by 127,512.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 579,360 shares of the auto parts company’s stock valued at $68,770,000 after buying an additional 578,906 shares during the period. LSV Asset Management increased its holdings in Autoliv by 54.9% in the 3rd quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock valued at $195,091,000 after buying an additional 559,605 shares during the period. AQR Capital Management LLC increased its holdings in Autoliv by 151.7% in the 3rd quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock valued at $114,077,000 after buying an additional 556,651 shares during the period. Finally, Freestone Grove Partners LP bought a new position in Autoliv in the 4th quarter valued at about $44,689,000. 69.57% of the stock is owned by institutional investors.

Autoliv Stock Performance

NYSE ALV opened at $127.26 on Wednesday. The firm has a 50-day moving average of $112.57 and a 200-day moving average of $117.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.82 and a current ratio of 1.08. The stock has a market cap of $9.53 billion, a PE ratio of 13.68, a P/E/G ratio of 0.82 and a beta of 1.31. Autoliv has a 52-week low of $99.16 and a 52-week high of $130.14.

Autoliv (NYSE:ALV) last posted its earnings results on Saturday, April 18th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.21. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. Autoliv’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.15 EPS. On average, sell-side analysts anticipate that Autoliv will post 10.53 EPS for the current year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Wednesday, May 20th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, May 20th. Autoliv’s dividend payout ratio (DPR) is currently 37.42%.

Autoliv Company Profile

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.