JPMorgan Chase & Co. Boosts Autoliv (NYSE:ALV) Price Target to $129.00

Autoliv (NYSE:ALV) had its price objective hoisted by JPMorgan Chase & Co. from $117.00 to $129.00 in a report issued on Monday, Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

Other analysts have also recently issued reports about the company. Barclays boosted their price objective on Autoliv from $107.00 to $120.00 and gave the stock an equal weight rating in a report on Thursday, April 11th. StockNews.com raised Autoliv from a hold rating to a buy rating in a report on Saturday, January 20th. Berenberg Bank upgraded Autoliv from a hold rating to a buy rating and set a $120.00 target price for the company in a research report on Friday, January 12th. Wolfe Research lowered Autoliv from an outperform rating to a peer perform rating in a research report on Thursday, January 4th. Finally, Wells Fargo & Company boosted their target price on Autoliv from $101.00 to $107.00 and gave the stock an equal weight rating in a research report on Monday, January 29th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and an average price target of $118.60.

Autoliv Stock Performance

Autoliv stock opened at $117.94 on Monday. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of 20.51, a P/E/G ratio of 0.78 and a beta of 1.72. Autoliv has a 12-month low of $79.66 and a 12-month high of $124.38. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.52. The stock has a 50-day simple moving average of $117.29 and a 200 day simple moving average of $107.62.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, January 26th. The auto parts company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.37. The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.75 billion. Autoliv had a return on equity of 27.13% and a net margin of 4.66%. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.83 EPS. On average, research analysts anticipate that Autoliv will post 9.68 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 12th were given a $0.68 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $2.72 annualized dividend and a dividend yield of 2.31%. Autoliv’s dividend payout ratio is presently 47.30%.

Insider Activity at Autoliv

In other Autoliv news, CEO Mikael Bratt sold 4,226 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.72, for a total transaction of $463,676.72. Following the completion of the transaction, the chief executive officer now owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Autoliv news, CEO Mikael Bratt sold 4,226 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.72, for a total transaction of $463,676.72. Following the completion of the transaction, the chief executive officer now owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Anthony J. Nellis sold 760 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $110.00, for a total value of $83,600.00. Following the transaction, the executive vice president now directly owns 4,859 shares of the company’s stock, valued at approximately $534,490. The disclosure for this sale can be found here. In the last three months, insiders sold 8,388 shares of company stock worth $921,757. 0.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On Autoliv

A number of institutional investors and hedge funds have recently made changes to their positions in ALV. Ellsworth Advisors LLC bought a new stake in shares of Autoliv during the 3rd quarter worth approximately $849,000. Commonwealth Equity Services LLC bought a new stake in shares of Autoliv during the 3rd quarter worth approximately $254,000. Raymond James & Associates raised its stake in shares of Autoliv by 143.7% during the 3rd quarter. Raymond James & Associates now owns 28,814 shares of the auto parts company’s stock worth $2,780,000 after purchasing an additional 16,990 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Autoliv by 54.9% during the 3rd quarter. New York State Teachers Retirement System now owns 30,114 shares of the auto parts company’s stock worth $2,905,000 after purchasing an additional 10,676 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Autoliv by 4.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 439,353 shares of the auto parts company’s stock worth $42,389,000 after purchasing an additional 16,964 shares in the last quarter. Institutional investors own 69.57% of the company’s stock.

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.