Wells Fargo & Company Lowers Autoliv (NYSE:ALV) Price Target to $113.00

Autoliv (NYSE:ALV) had its price objective decreased by research analysts at Wells Fargo & Company from $125.00 to $113.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 9.77% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Wolfe Research set a $143.00 target price on Autoliv in a research report on Monday, January 12th. Evercore decreased their target price on shares of Autoliv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Autoliv in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, Barclays lowered their price objective on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Autoliv currently has a consensus rating of “Moderate Buy” and an average target price of $134.50.

Autoliv Trading Up 2.0%

Shares of Autoliv stock traded up $1.97 during mid-day trading on Tuesday, hitting $102.94. The stock had a trading volume of 97,333 shares, compared to its average volume of 774,179. The firm has a 50-day moving average of $116.68 and a two-hundred day moving average of $119.49. The firm has a market cap of $7.71 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 0.86 and a beta of 1.32. 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 has a 12-month low of $75.49 and a 12-month high of $130.14.

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

Insiders Place Their Bets

In related news, EVP Christian Swahn sold 1,478 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $122.03, for a total transaction of $180,360.34. Following the sale, the executive vice president directly owned 5,314 shares in the company, valued at approximately $648,467.42. This represents a 21.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Per Jonas Jademyr sold 1,278 shares of Autoliv stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $122.03, for a total transaction of $155,954.34. Following the completion of the transaction, the executive vice president owned 1,963 shares of the company’s stock, valued at $239,544.89. This represents a 39.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 22,243 shares of company stock worth $2,713,735. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Autoliv

Several large investors have recently bought and sold shares of ALV. JPMorgan Chase & Co. boosted its position in shares of Autoliv by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 180,208 shares of the auto parts company’s stock worth $22,256,000 after acquiring an additional 18,673 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new stake in shares of Autoliv during the 3rd quarter worth about $1,302,000. First Citizens Bank & Trust Co. purchased a new stake in Autoliv during the third quarter worth approximately $1,385,000. Northstar Advisory Group LLC acquired a new position in Autoliv in the third quarter valued at approximately $1,484,000. Finally, Nordea Investment Management AB purchased a new position in Autoliv in the third quarter valued at approximately $7,697,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

About Autoliv

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.