Autoliv (NYSE:ALV) PT Lowered to $101.00 at Wells Fargo & Company

Autoliv (NYSE:ALV) had its target price cut by Wells Fargo & Company from $102.00 to $101.00 in a report published on Monday morning, Benzinga reports. They currently have an equal weight rating on the auto parts company’s stock.

Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $116.00 price target on shares of Autoliv in a research report on Tuesday, September 10th. Evercore ISI decreased their price target on shares of Autoliv from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Hsbc Global Res raised Autoliv to a “strong-buy” rating in a report on Monday, July 15th. Bank of America lowered their target price on Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, Robert W. Baird upped their price target on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Autoliv has an average rating of “Moderate Buy” and an average price target of $124.14.

Autoliv Stock Performance

NYSE:ALV opened at $96.51 on Monday. The stock has a market capitalization of $7.85 billion, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 0.82 and a beta of 1.60. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. Autoliv has a 1 year low of $89.37 and a 1 year high of $129.38. The firm has a 50 day moving average of $96.57 and a 200-day moving average of $107.17.

Autoliv (NYSE:ALV) last released its quarterly earnings results 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). The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.66 earnings per share. As a group, sell-side analysts anticipate that Autoliv will post 8.44 EPS for the current fiscal year.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Wednesday, September 4th were given a $0.68 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.82%. Autoliv’s dividend payout ratio is 42.43%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ALV. GAMMA Investing LLC increased its stake in Autoliv by 62.7% in the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 101 shares in the last quarter. Register Financial Advisors LLC bought a new stake in shares of Autoliv in the 1st quarter valued at $36,000. Quarry LP raised its stake in Autoliv by 133.5% during the 2nd quarter. Quarry LP now owns 362 shares of the auto parts company’s stock worth $39,000 after buying an additional 207 shares during the period. Headlands Technologies LLC lifted its holdings in 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 acquiring an additional 667 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Autoliv by 244.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 837 shares of the auto parts company’s stock valued at $101,000 after acquiring an additional 594 shares during the period. Institutional investors own 69.57% of the company’s stock.

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.