Citigroup Trims Autoliv (NYSE:ALV) Target Price to $119.00

Autoliv (NYSE:ALV) had its price target trimmed by Citigroup from $128.00 to $119.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a neutral rating on the auto parts company’s stock.

A number of other equities research analysts have also issued reports on ALV. Wells Fargo & Company reduced their target price on Autoliv from $128.00 to $122.00 and set an equal weight rating on the stock in a research note on Tuesday, June 25th. Mizuho increased their price objective on Autoliv from $115.00 to $135.00 and gave the company a buy rating in a research note on Monday, March 25th. Bank of America boosted their target price on shares of Autoliv from $135.00 to $145.00 and gave the company a buy rating in a research note on Monday, April 29th. UBS Group raised shares of Autoliv from a neutral rating to a buy rating and raised their price target for the stock from $102.00 to $141.00 in a research note on Tuesday, May 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Autoliv from $117.00 to $129.00 and gave the stock a neutral rating in a report on Monday, April 22nd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $131.08.

Autoliv Trading Down 0.7 %

NYSE:ALV opened at $108.90 on Friday. The company has a market capitalization of $8.86 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61. Autoliv has a 52-week low of $89.37 and a 52-week high of $129.38. The stock has a fifty day simple moving average of $116.61 and a 200-day simple moving average of $114.75. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 0.75.

Autoliv (NYSE:ALV) last announced its earnings results on Friday, April 26th. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.18. Autoliv had a net margin of 5.10% and a return on equity of 29.84%. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.57 billion. On average, equities research analysts expect that Autoliv will post 9.74 earnings per share for the current fiscal 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 dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Wednesday, May 22nd. Autoliv’s dividend payout ratio is currently 42.43%.

Insider Buying and Selling at Autoliv

In other news, Director Jan Carlson sold 1,900 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $126.75, for a total transaction of $240,825.00. Following the completion of the sale, the director now directly owns 77,493 shares in the company, valued at approximately $9,822,237.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is owned by company insiders.

Institutional Trading of Autoliv

A number of institutional investors and hedge funds have recently bought and sold shares of ALV. Benjamin F. Edwards & Company Inc. acquired a new position in Autoliv during the fourth quarter valued at approximately $27,000. GAMMA Investing LLC raised its stake in shares of Autoliv by 62.7% in the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 101 shares during the period. Rise Advisors LLC lifted its holdings in shares of Autoliv by 84.1% during the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 122 shares in the last quarter. Register Financial Advisors LLC acquired a new position in shares of Autoliv during the 1st quarter valued at $36,000. Finally, Parallel Advisors LLC boosted its position in Autoliv by 83.8% during the 4th quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 223 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

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.