Mizuho Raises Autoliv (NYSE:ALV) Price Target to $135.00

Autoliv (NYSE:ALV) had its target price hoisted by Mizuho from $115.00 to $135.00 in a report issued on Monday morning, Benzinga reports. Mizuho currently has a buy rating on the auto parts company’s stock.

Several other brokerages have also recently issued reports on ALV. Wolfe Research cut shares of Autoliv from an outperform rating to a peer perform rating in a research report on Thursday, January 4th. Wells Fargo & Company lifted their target price on Autoliv from $101.00 to $107.00 and gave the company an equal weight rating in a report on Monday, January 29th. Barclays boosted their target price on Autoliv from $105.00 to $107.00 and gave the stock an equal weight rating in a research note on Tuesday, January 30th. StockNews.com upgraded Autoliv from a hold rating to a buy rating in a research note on Saturday, January 20th. Finally, 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. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $114.00.

Autoliv Stock Down 1.4 %

NYSE ALV opened at $120.43 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.52. Autoliv has a 52 week low of $79.66 and a 52 week high of $124.38. The business’s fifty day simple moving average is $113.58 and its 200-day simple moving average is $104.73. The firm has a market cap of $9.81 billion, a PE ratio of 20.94, a P/E/G ratio of 0.77 and a beta of 1.71.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, January 26th. The auto parts company reported $3.74 EPS for the quarter, beating analysts’ consensus estimates of $3.37 by $0.37. Autoliv had a return on equity of 27.13% and a net margin of 4.66%. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same period in the prior year, the firm posted $1.83 earnings per share. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. As a group, equities analysts anticipate that Autoliv will post 9.75 earnings per share for the current year.

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 12th were issued a $0.68 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $2.72 dividend on an annualized basis and a yield of 2.26%. Autoliv’s dividend payout ratio (DPR) is presently 47.30%.

Insider Buying and Selling

In related news, CEO Mikael Bratt sold 4,226 shares of the 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 sale, the chief executive officer now directly owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Colin Naughton sold 782 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $110.68, for a total transaction of $86,551.76. Following the sale, the insider now owns 5,594 shares of the company’s stock, valued at $619,143.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mikael Bratt sold 4,226 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were 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 directly owns 17,547 shares of the company’s stock, valued at approximately $1,925,256.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,388 shares of company stock valued at $921,757. 0.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Autoliv by 188.9% during the 1st quarter. BlackRock Inc. now owns 5,468,058 shares of the auto parts company’s stock valued at $510,498,000 after buying an additional 3,575,146 shares during the period. State Street Corp raised its holdings in shares of Autoliv by 185.3% in the 1st quarter. State Street Corp now owns 1,455,700 shares of the auto parts company’s stock worth $135,904,000 after purchasing an additional 945,517 shares during the period. Norges Bank acquired a new position in shares of Autoliv in the 4th quarter valued at about $67,916,000. Millennium Management LLC grew its holdings in shares of Autoliv by 292.3% during the 4th quarter. Millennium Management LLC now owns 1,146,435 shares of the auto parts company’s stock worth $87,794,000 after purchasing an additional 854,212 shares during the period. Finally, Balyasny Asset Management L.P. increased its position in Autoliv by 169.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 759,239 shares of the auto parts company’s stock worth $83,661,000 after purchasing an additional 477,800 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.