Autoliv, Inc. (NYSE:ALV) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Autoliv, Inc. (NYSE:ALV) have earned a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $126.46.

ALV has been the subject of several recent analyst reports. Bank of America reduced their target price on Autoliv from $145.00 to $133.00 and set a “buy” rating for the company in a report on Monday, July 22nd. HSBC initiated coverage on Autoliv in a report on Monday, July 15th. They issued a “buy” rating and a $134.00 target price for the company. BNP Paribas initiated coverage on Autoliv in a report on Tuesday, June 18th. They issued a “neutral” rating for the company. Hsbc Global Res raised Autoliv to a “strong-buy” rating in a report on Monday, July 15th. Finally, Wolfe Research raised Autoliv from a “peer perform” rating to an “outperform” rating and set a $133.00 target price for the company in a report on Monday, July 8th.

Insider Buying and Selling at Autoliv

In other Autoliv news, Director Jan Carlson sold 1,900 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $126.75, for a total transaction of $240,825.00. Following 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Swedbank AB grew its stake in shares of Autoliv by 20.5% during the second quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company’s stock valued at $252,715,000 after buying an additional 402,426 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Autoliv by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company’s stock valued at $140,892,000 after buying an additional 40,957 shares during the last quarter. Mondrian Investment Partners LTD grew its stake in shares of Autoliv by 21.8% during the second quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company’s stock valued at $117,330,000 after buying an additional 207,521 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Autoliv by 41.0% during the fourth quarter. Public Sector Pension Investment Board now owns 958,304 shares of the auto parts company’s stock valued at $105,596,000 after buying an additional 278,800 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Autoliv during the fourth quarter valued at about $91,065,000. 69.57% of the stock is owned by institutional investors.

Autoliv Stock Down 0.3 %

ALV stock opened at $94.70 on Thursday. The stock’s 50 day simple moving average is $106.12 and its 200 day simple moving average is $113.95. Autoliv has a fifty-two week low of $89.37 and a fifty-two week high of $129.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.73 and a current ratio of 0.98. The company has a market cap of $7.71 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 0.80 and a beta of 1.61.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.73 billion. Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the company posted $1.93 earnings per share. On average, research analysts expect that Autoliv will post 9.28 earnings per share for the current fiscal year.

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.