Autoliv (NYSE:ALV) Price Target Raised to $128.00

Autoliv (NYSE:ALV) had its target price boosted by Wells Fargo & Company from $126.00 to $128.00 in a research note issued to investors on Monday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the auto parts company’s stock.

A number of other research analysts also recently issued reports on ALV. Barclays raised their price target on Autoliv from $120.00 to $125.00 and gave the stock an equal weight rating in a research note on Monday. Mizuho lifted their target price on shares of Autoliv from $115.00 to $135.00 and gave the company a buy rating in a report on Monday, March 25th. Berenberg Bank upgraded shares of Autoliv from a hold rating to a buy rating and set a $120.00 price target for the company in a research note on Friday, January 12th. StockNews.com upgraded shares of Autoliv from a hold rating to a buy rating in a research note on Saturday, January 20th. Finally, JPMorgan Chase & Co. raised their price target on Autoliv from $117.00 to $129.00 and gave the stock a neutral rating in a report on Monday, April 22nd. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $125.90.

Autoliv Price Performance

Shares of ALV opened at $120.49 on Monday. The firm has a fifty day moving average price of $118.33 and a 200 day moving average price of $108.53. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.10 and a quick ratio of 0.82. Autoliv has a 1-year low of $79.66 and a 1-year high of $125.91. The stock has a market cap of $9.81 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 0.80 and a beta of 1.72.

Autoliv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 12th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Monday, March 11th. Autoliv’s payout ratio is currently 42.43%.

Insider Transactions at Autoliv

In other Autoliv news, CEO Mikael Bratt sold 4,226 shares of the stock in a transaction 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 sale, the chief executive officer now owns 17,547 shares in the company, valued at approximately $1,925,256.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Autoliv news, CEO Mikael Bratt sold 4,226 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total value of $463,676.72. Following the transaction, the chief executive officer now directly owns 17,547 shares in the company, valued at approximately $1,925,256.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Fredrik Westin sold 1,318 shares of Autoliv stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.93, for a total transaction of $144,887.74. Following the sale, the chief financial officer now owns 5,458 shares of the company’s stock, valued at $599,997.94. The disclosure for this sale can be found here. Insiders sold a total of 8,388 shares of company stock valued at $921,757 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Capstone Investment Advisors LLC increased its stake in Autoliv by 97.1% in the first quarter. Capstone Investment Advisors LLC now owns 11,972 shares of the auto parts company’s stock valued at $1,442,000 after purchasing an additional 5,899 shares during the last quarter. Diversify Advisory Services LLC purchased a new position in shares of Autoliv during the 1st quarter worth about $200,000. Van ECK Associates Corp boosted its position in shares of Autoliv by 36.5% in the first quarter. Van ECK Associates Corp now owns 29,185 shares of the auto parts company’s stock worth $3,515,000 after acquiring an additional 7,806 shares during the last quarter. Principal Financial Group Inc. increased its position in Autoliv by 1.0% during the first quarter. Principal Financial Group Inc. now owns 317,923 shares of the auto parts company’s stock worth $38,287,000 after purchasing an additional 3,002 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Autoliv by 244.4% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 837 shares of the auto parts company’s stock worth $101,000 after purchasing an additional 594 shares during the period. Hedge funds and other institutional investors 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.