Autoliv (NYSE:ALV) PT Lowered to $133.00 at Bank of America

Autoliv (NYSE:ALV) had its price target decreased by Bank of America from $145.00 to $133.00 in a research note released on Monday, Benzinga reports. Bank of America currently has a buy rating on the auto parts company’s stock.

ALV has been the subject of a number of other reports. HSBC initiated coverage on Autoliv in a research note on Monday, July 15th. They issued a buy rating and a $134.00 price target for the company. Wells Fargo & Company reduced their target price on Autoliv from $128.00 to $122.00 and set an equal weight rating for the company in a research note on Tuesday, June 25th. Robert W. Baird reduced their target price on Autoliv from $128.00 to $111.00 and set a neutral rating for the company in a research note on Monday. Mizuho lifted their price target on Autoliv from $115.00 to $135.00 and gave the stock a buy rating in a report on Monday, March 25th. Finally, UBS Group raised Autoliv from a neutral rating to a buy rating and lifted their price target for the stock from $102.00 to $141.00 in a report on Tuesday, May 28th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $126.46.

Autoliv Trading Down 0.4 %

NYSE ALV opened at $97.81 on Monday. The firm has a market cap of $7.83 billion, a P/E ratio of 15.26, a P/E/G ratio of 0.60 and a beta of 1.61. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.98 and a quick ratio of 0.73. The stock’s 50-day moving average is $114.22 and its 200-day moving average is $114.61. Autoliv has a one year low of $89.37 and a one year high of $129.38.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.87 earnings per share (EPS) 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 the consensus estimate 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 quarter in the previous year, the business posted $1.93 earnings per share. Sell-side analysts anticipate that Autoliv will post 9.74 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Thursday, May 23rd were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $2.72 annualized dividend and a dividend yield of 2.78%. Autoliv’s payout ratio is 42.43%.

Insider Activity

In other Autoliv news, Director Jan Carlson sold 1,900 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $126.75, for a total value of $240,825.00. Following the completion of the sale, the director now owns 77,493 shares in the company, valued at approximately $9,822,237.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Autoliv

Several institutional investors have recently bought and sold shares of ALV. American Century Companies Inc. lifted its position in Autoliv by 45.6% during the third quarter. American Century Companies Inc. now owns 68,099 shares of the auto parts company’s stock valued at $6,570,000 after purchasing an additional 21,325 shares during the period. Vanguard Group Inc. raised its position in shares of Autoliv by 6.7% in the third quarter. Vanguard Group Inc. now owns 2,136,224 shares of the auto parts company’s stock worth $206,103,000 after acquiring an additional 133,746 shares during the period. Mutual Advisors LLC acquired a new position in shares of Autoliv in the fourth quarter worth about $205,000. Raymond James & Associates raised its position in shares of Autoliv by 17.0% in the fourth quarter. Raymond James & Associates now owns 33,705 shares of the auto parts company’s stock worth $3,714,000 after acquiring an additional 4,891 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Autoliv by 108.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,456 shares of the auto parts company’s stock worth $601,000 after acquiring an additional 2,835 shares during the period. 69.57% of the stock is owned by hedge funds and other institutional investors.

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.