Autoliv, Inc. (NYSE:ALV) Given Average Recommendation of “Hold” by Brokerages

Autoliv, Inc. (NYSE:ALV) has received an average recommendation of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $129.50.

Several equities research analysts recently issued reports on the stock. Robert W. Baird lifted their price target on shares of Autoliv from $133.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. BNP Paribas assumed coverage on shares of Autoliv in a report on Tuesday, June 18th. They set a “neutral” rating for the company. Mizuho raised their price objective on shares of Autoliv from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Wells Fargo & Company raised their price objective on shares of Autoliv from $126.00 to $128.00 and gave the stock an “equal weight” rating in a report on Monday, April 29th. Finally, Bank of America raised their price objective on shares of Autoliv from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, April 29th.

Autoliv Stock Performance

Autoliv stock opened at $108.25 on Wednesday. Autoliv has a 12-month low of $82.21 and a 12-month high of $129.38. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 0.59 and a beta of 1.65. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.10 and a quick ratio of 0.82. The firm’s fifty day moving average price is $119.97 and its 200 day moving average price is $114.50.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.18. Autoliv had a net margin of 5.10% and a return on equity of 29.84%. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. On average, research analysts forecast that Autoliv will post 9.82 EPS for the current fiscal year.

Autoliv Announces Dividend

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 2.51%. The ex-dividend date of this dividend was Wednesday, May 22nd. Autoliv’s dividend payout ratio (DPR) is presently 42.43%.

Insider Activity

In other news, Director Jan Carlson sold 1,900 shares of Autoliv stock in a transaction dated Friday, May 31st. The shares were 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 approximately $9,822,237.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Advisors LLC boosted its stake in Autoliv by 44.2% during the 1st quarter. Cetera Advisors LLC now owns 4,199 shares of the auto parts company’s stock valued at $506,000 after purchasing an additional 1,287 shares during the period. Swedbank AB acquired a new position in Autoliv during the 1st quarter valued at about $235,996,000. Virtu Financial LLC acquired a new position in Autoliv during the 1st quarter valued at about $401,000. Wahed Invest LLC boosted its stake in Autoliv by 13.6% during the 1st quarter. Wahed Invest LLC now owns 1,452 shares of the auto parts company’s stock valued at $175,000 after purchasing an additional 174 shares during the period. Finally, Hancock Whitney Corp boosted its stake in Autoliv by 3.0% during the 1st quarter. Hancock Whitney Corp now owns 101,772 shares of the auto parts company’s stock valued at $12,256,000 after purchasing an additional 2,969 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.