Autoliv (NYSE:ALV) PT Lowered to $119.00 at Citigroup

Autoliv (NYSE:ALV) had its price target cut by equities researchers at Citigroup from $128.00 to $119.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Citigroup’s price objective suggests a potential upside of 7.75% from the company’s previous close.

Several other equities analysts have also issued reports on the company. StockNews.com lowered Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 13th. Wells Fargo & Company cut their price target on Autoliv from $128.00 to $122.00 and set an “equal weight” rating for the company in a report on Tuesday, June 25th. UBS Group raised Autoliv from a “neutral” rating to a “buy” rating and raised their price target for the company from $102.00 to $141.00 in a report on Tuesday, May 28th. Mizuho increased their price objective on Autoliv from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Finally, Robert W. Baird decreased their price target on Autoliv from $135.00 to $128.00 and set a “neutral” rating on the stock in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Autoliv has an average rating of “Moderate Buy” and a consensus price target of $130.82.

Autoliv Stock Performance

Shares of Autoliv stock traded up $1.48 during midday trading on Friday, hitting $110.44. The company had a trading volume of 329,579 shares, compared to its average volume of 605,841. Autoliv has a 1-year low of $89.37 and a 1-year high of $129.38. 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 business’s 50 day simple moving average is $117.14 and its two-hundred day simple moving average is $114.71. The stock has a market cap of $8.99 billion, a PE ratio of 17.17, a P/E/G ratio of 0.65 and a beta of 1.61.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, April 26th. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.18. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a return on equity of 29.84% and a net margin of 5.10%. As a group, equities analysts predict that Autoliv will post 9.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other Autoliv 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 owns 77,493 shares in the company, valued at $9,822,237.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp purchased a new position in shares of Autoliv during the fourth quarter worth about $2,356,000. Park West Asset Management LLC raised its stake in Autoliv by 37.8% during the fourth quarter. Park West Asset Management LLC now owns 427,060 shares of the auto parts company’s stock worth $47,058,000 after acquiring an additional 117,060 shares during the period. Louisiana State Employees Retirement System bought a new position in Autoliv in the 4th quarter worth about $2,314,000. American Trust Investment Advisors LLC boosted its holdings in shares of Autoliv by 63.2% in the fourth quarter. American Trust Investment Advisors LLC now owns 36,340 shares of the auto parts company’s stock valued at $4,004,000 after acquiring an additional 14,068 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Autoliv by 146.8% in the 4th quarter. Hsbc Holdings PLC now owns 61,242 shares of the auto parts company’s stock valued at $6,748,000 after acquiring an additional 36,431 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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.