Autoliv (NYSE:ALV) PT Lowered to $115.00 at Barclays

Autoliv (NYSE:ALV) had its target price decreased by Barclays from $125.00 to $115.00 in a research note released on Monday morning, Benzinga reports. Barclays currently has an equal weight rating on the auto parts company’s stock.

A number of other brokerages have also recently weighed in on ALV. JPMorgan Chase & Co. raised their price objective on Autoliv from $117.00 to $129.00 and gave the company a neutral rating in a report on Monday, April 22nd. Bank of America decreased their price objective on Autoliv from $145.00 to $133.00 and set a buy rating on the stock in a report on Monday. Robert W. Baird decreased their price objective on Autoliv from $128.00 to $111.00 and set a neutral rating on the stock in a report on Monday. Citigroup decreased their price objective on Autoliv from $128.00 to $119.00 and set a neutral rating on the stock in a report on Friday, July 12th. Finally, Hsbc Global Res raised Autoliv to a strong-buy rating in a report on Monday, July 15th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $126.46.

Autoliv Stock Performance

NYSE:ALV opened at $97.64 on Monday. The business’s 50-day moving average price is $113.66 and its two-hundred day moving average price is $114.49. Autoliv has a twelve month low of $89.37 and a twelve month high of $129.38. The stock has a market cap of $7.82 billion, a P/E ratio of 15.23, a PEG ratio of 0.76 and a beta of 1.61. 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 (NYSE:ALV) last released its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.57). Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the business earned $1.93 EPS. The business’s revenue was down 1.1% on a year-over-year basis. As a group, equities analysts predict that Autoliv will post 9.57 EPS for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Thursday, May 23rd were given a $0.68 dividend. The ex-dividend date was Wednesday, May 22nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.79%. Autoliv’s dividend payout ratio is currently 42.43%.

Insider Transactions at Autoliv

In other news, Director Jan Carlson sold 1,900 shares of Autoliv stock in a transaction that occurred 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 sale, the director now directly owns 77,493 shares in the company, valued at approximately $9,822,237.75. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Autoliv

Large investors have recently made changes to their positions in the business. NewSquare Capital LLC boosted its position in shares of Autoliv by 11.4% during the second quarter. NewSquare Capital LLC now owns 47,385 shares of the auto parts company’s stock valued at $5,070,000 after purchasing an additional 4,860 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of Autoliv during the second quarter valued at approximately $259,000. Neo Ivy Capital Management bought a new stake in shares of Autoliv during the second quarter valued at approximately $650,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Autoliv during the second quarter valued at approximately $236,000. Finally, Raymond James & Associates boosted its position in shares of Autoliv by 4.5% during the second quarter. Raymond James & Associates now owns 43,254 shares of the auto parts company’s stock valued at $4,628,000 after purchasing an additional 1,879 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors.

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.