Bank of America Cuts Autoliv (NYSE:ALV) Price Target to $133.00

Autoliv (NYSE:ALV) had its price objective reduced by Bank of America from $145.00 to $133.00 in a research note published on Monday morning, Benzinga reports. They currently have a buy rating on the auto parts company’s stock.

Other equities research analysts have also recently issued reports about the stock. Wolfe Research raised shares of Autoliv from a peer perform rating to an outperform rating and set a $133.00 price target for the company in a research report on Monday, July 8th. UBS Group raised shares of Autoliv from a neutral rating to a buy rating and boosted their price target for the company from $102.00 to $141.00 in a research report on Tuesday, May 28th. Mizuho boosted their price target on shares of Autoliv from $115.00 to $135.00 and gave the company a buy rating in a research report on Monday, March 25th. Robert W. Baird reduced their price target on shares of Autoliv from $128.00 to $111.00 and set a neutral rating for the company in a research report on Monday. Finally, StockNews.com cut shares of Autoliv from a strong-buy rating to a buy rating in a research report on Thursday, June 13th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $126.46.

Autoliv Price Performance

Autoliv stock opened at $97.64 on Monday. The stock has a market cap of $7.82 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 0.76 and a beta of 1.61. The company has a fifty day simple moving average of $113.66 and a 200-day simple moving average of $114.49. Autoliv has a 12-month low of $89.37 and a 12-month high of $129.38. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Autoliv had a return on equity of 30.05% and a net margin of 5.91%. Autoliv’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the firm posted $1.93 earnings per share. Equities analysts expect that Autoliv will post 9.57 EPS for the current fiscal year.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Thursday, May 23rd were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.79%. Autoliv’s dividend payout ratio (DPR) is 42.43%.

Insider Transactions at Autoliv

In other news, Director Jan Carlson sold 1,900 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $126.75, for a total transaction of $240,825.00. Following the transaction, the director now directly owns 77,493 shares in the company, valued at $9,822,237.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ALV. American Century Companies Inc. increased its stake in shares of Autoliv by 45.6% during the third quarter. American Century Companies Inc. now owns 68,099 shares of the auto parts company’s stock worth $6,570,000 after acquiring an additional 21,325 shares during the period. Vanguard Group Inc. grew its position in Autoliv by 6.7% during the third quarter. Vanguard Group Inc. now owns 2,136,224 shares of the auto parts company’s stock worth $206,103,000 after buying an additional 133,746 shares during the period. Mutual Advisors LLC acquired a new position in Autoliv during the fourth quarter worth about $205,000. Raymond James & Associates grew its position in Autoliv by 17.0% during the fourth quarter. Raymond James & Associates now owns 33,705 shares of the auto parts company’s stock worth $3,714,000 after buying an additional 4,891 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in Autoliv by 108.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,456 shares of the auto parts company’s stock worth $601,000 after buying an additional 2,835 shares during the period. 69.57% of the stock is currently 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.