Autoliv (NYSE:ALV) Lowered to Hold Rating by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen downgraded shares of Autoliv (NYSE:ALVFree Report) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Several other equities analysts have also recently commented on ALV. TD Cowen reduced their target price on Autoliv from $150.00 to $147.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Evercore dropped their price target on Autoliv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Royal Bank Of Canada lifted their price target on Autoliv from $137.00 to $138.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Barclays dropped their price target on Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, March 30th. Finally, Wells Fargo & Company set a $116.00 price target on Autoliv in a research note on Monday, April 20th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Autoliv currently has an average rating of “Moderate Buy” and an average target price of $134.25.

View Our Latest Stock Analysis on Autoliv

Autoliv Price Performance

Autoliv stock opened at $117.81 on Friday. Autoliv has a 52 week low of $90.58 and a 52 week high of $130.14. The business has a 50-day simple moving average of $111.38 and a 200 day simple moving average of $117.65. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 0.78 and a beta of 1.35.

Autoliv (NYSE:ALVGet Free Report) last posted its earnings results on Friday, April 17th. The auto parts company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.84 by $0.21. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the previous year, the business earned $2.15 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. On average, research analysts forecast that Autoliv will post 10.49 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $3.48 annualized dividend and a yield of 3.0%. Autoliv’s payout ratio is 37.42%.

Insider Activity

In other news, EVP Per Jonas Jademyr sold 1,278 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total value of $155,954.34. Following the completion of the sale, the executive vice president owned 1,963 shares of the company’s stock, valued at approximately $239,544.89. The trade was a 39.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Magnus Jarlegren sold 1,598 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $121.61, for a total value of $194,332.78. Following the completion of the sale, the insider directly owned 7,739 shares of the company’s stock, valued at approximately $941,139.79. This trade represents a 17.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 22,243 shares of company stock valued at $2,713,735. 0.34% of the stock is owned by insiders.

Institutional Investors Weigh In On Autoliv

Hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its stake in shares of Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 107 shares during the last quarter. Torren Management LLC bought a new stake in shares of Autoliv in the 4th quarter valued at about $25,000. Parkside Financial Bank & Trust lifted its stake in shares of Autoliv by 863.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 190 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Autoliv in the 3rd quarter valued at about $32,000. Finally, Quarry LP bought a new stake in shares of Autoliv in the 3rd quarter valued at about $36,000. Institutional investors own 69.57% of the company’s stock.

Autoliv Company Profile

(Get Free Report)

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.

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