Robert W. Baird Increases Autoliv (NYSE:ALV) Price Target to $108.00

Autoliv (NYSE:ALV) had its price target upped by Robert W. Baird from $103.00 to $108.00 in a report published on Monday, Benzinga reports. The brokerage currently has a neutral rating on the auto parts company’s stock.

A number of other research firms have also recently commented on ALV. Wells Fargo & Company cut their price target on shares of Autoliv from $103.00 to $102.00 and set an “equal weight” rating on the stock in a report on Friday, September 20th. Bank of America lowered their price objective on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Barclays decreased their price target on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Evercore ISI decreased their price objective on shares of Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Finally, Citigroup decreased their price objective on shares of Autoliv from $119.00 to $108.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Autoliv presently has a consensus rating of “Moderate Buy” and an average target price of $124.14.

Autoliv Trading Down 1.5 %

ALV stock opened at $95.02 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. Autoliv has a twelve month low of $89.37 and a twelve month high of $129.38. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 0.82 and a beta of 1.60. The firm’s fifty day simple moving average is $96.47 and its two-hundred day simple moving average is $107.08.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, October 18th. The auto parts company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the firm earned $1.66 EPS. The company’s revenue was down 1.6% on a year-over-year basis. As a group, analysts anticipate that Autoliv will post 8.44 earnings per share for the current year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.72 annualized dividend and a dividend yield of 2.86%. Autoliv’s dividend payout ratio is presently 42.43%.

Institutional Trading of Autoliv

A number of hedge funds and other institutional investors have recently modified their holdings of ALV. GAMMA Investing LLC grew its position in Autoliv by 62.7% in the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 101 shares in the last quarter. Register Financial Advisors LLC acquired a new position in Autoliv in the 1st quarter valued at about $36,000. Quarry LP grew its position in Autoliv by 133.5% in the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 207 shares in the last quarter. Headlands Technologies LLC grew its position in shares of Autoliv by 427.6% during the first quarter. Headlands Technologies LLC now owns 823 shares of the auto parts company’s stock worth $99,000 after buying an additional 667 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Autoliv by 244.4% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 837 shares of the auto parts company’s stock worth $101,000 after buying an additional 594 shares in the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

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.