Autoliv, Inc. (NYSE:ALV) Receives Consensus Rating of “Moderate Buy” from Brokerages

Autoliv, Inc. (NYSE:ALV) has earned a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $135.7143.

Several research firms recently issued reports on ALV. Wolfe Research set a $143.00 price objective on Autoliv in a report on Monday, January 12th. TD Cowen reaffirmed a “buy” rating on shares of Autoliv in a research report on Monday, February 2nd. Evercore cut their price target on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, February 2nd. Wells Fargo & Company reduced their price target on shares of Autoliv from $129.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 9th. Finally, Wall Street Zen lowered shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st.

Autoliv Trading Down 0.5%

ALV stock traded down $0.55 during mid-day trading on Friday, hitting $103.18. 93,076 shares of the company were exchanged, compared to its average volume of 733,384. Autoliv has a 12-month low of $75.49 and a 12-month high of $130.14. The firm has a market capitalization of $7.71 billion, a P/E ratio of 10.83, a PEG ratio of 0.90 and a beta of 1.32. The business has a fifty day simple moving average of $122.08 and a 200-day simple moving average of $121.40. The company has a quick ratio of 0.79, a current ratio of 1.05 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, January 30th. The auto parts company reported $3.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.34. Autoliv had a net margin of 6.80% and a return on equity of 30.42%. The business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the previous year, the firm earned $3.05 EPS. The business’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts predict that Autoliv will post 9.51 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.87 per share. The ex-dividend date is Wednesday, March 4th. This represents a $3.48 dividend on an annualized basis and a yield of 3.4%. Autoliv’s dividend payout ratio is 36.40%.

Insider Buying and Selling

In other news, EVP Per Jonas Jademyr sold 1,278 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total value of $155,954.34. Following the sale, the executive vice president directly owned 1,963 shares in the company, valued at approximately $239,544.89. This trade represents a 39.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Franz-Josef Kortuem sold 8,300 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $120.40, for a total value of $999,320.00. Following the completion of the sale, the director owned 5,549 shares in the company, valued at approximately $668,099.60. The trade was a 59.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,243 shares of company stock worth $2,713,735 over the last three months. 0.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. raised its position in Autoliv by 5.5% in the 4th quarter. Invesco Ltd. now owns 717,991 shares of the auto parts company’s stock valued at $85,226,000 after purchasing an additional 37,117 shares in the last quarter. Caitlin John LLC purchased a new position in shares of Autoliv in the 4th quarter valued at about $321,000. First Citizens Bank & Trust Co. grew its position in shares of Autoliv by 1.4% during the fourth quarter. First Citizens Bank & Trust Co. now owns 11,373 shares of the auto parts company’s stock worth $1,350,000 after buying an additional 159 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Autoliv during the fourth quarter worth approximately $5,453,000. Finally, Empowered Funds LLC increased its stake in shares of Autoliv by 24.2% during the fourth quarter. Empowered Funds LLC now owns 16,689 shares of the auto parts company’s stock worth $1,981,000 after buying an additional 3,252 shares during the period. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Company Profile

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.