Mizuho Raises Autoliv (NYSE:ALV) Price Target to $112.00

Autoliv (NYSE:ALV) had its price objective boosted by Mizuho from $95.00 to $112.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the auto parts company’s stock.

Several other research firms have also recently issued reports on ALV. BNP Paribas raised Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 9th. HSBC cut Autoliv from a “buy” rating to a “hold” rating and cut their target price for the stock from $109.00 to $100.00 in a research report on Tuesday, February 4th. TD Cowen assumed coverage on Autoliv in a research report on Friday, March 7th. They set a “buy” rating and a $116.00 target price on the stock. Wells Fargo & Company cut their target price on Autoliv from $84.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. Finally, Pareto Securities cut Autoliv to a “hold” rating in a research report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $114.00.

Autoliv Trading Up 1.1%

NYSE:ALV opened at $102.03 on Friday. The stock has a 50-day simple moving average of $89.84 and a 200-day simple moving average of $94.29. The stock has a market cap of $7.89 billion, a P/E ratio of 12.64, a P/E/G ratio of 0.73 and a beta of 1.36. Autoliv has a 1 year low of $75.49 and a 1 year high of $129.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.43. The business had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. During the same period in the prior year, the firm posted $1.58 EPS. As a group, analysts anticipate that Autoliv will post 9.51 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.74%. The ex-dividend date is Wednesday, May 21st. Autoliv’s dividend payout ratio (DPR) is presently 32.22%.

Insider Activity at Autoliv

In other Autoliv news, insider Magnus Jarlegren sold 1,289 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total transaction of $127,391.87. Following the transaction, the insider now owns 6,142 shares in the company, valued at approximately $607,013.86. The trade was a 17.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mikael Bratt sold 5,760 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.90, for a total value of $569,664.00. Following the transaction, the chief executive officer now owns 23,307 shares in the company, valued at $2,305,062.30. The trade was a 19.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,253 shares of company stock worth $915,534 in the last quarter. Company insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Autoliv

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALV. Barclays PLC increased its position in Autoliv by 41.5% during the 3rd quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock worth $2,821,000 after purchasing an additional 8,859 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in Autoliv by 3.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,171 shares of the auto parts company’s stock worth $391,000 after purchasing an additional 140 shares during the period. UMB Bank n.a. increased its position in Autoliv by 139.5% during the 4th quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 159 shares during the period. Perpetual Ltd increased its position in Autoliv by 130.4% during the 4th quarter. Perpetual Ltd now owns 6,221 shares of the auto parts company’s stock worth $583,000 after purchasing an additional 3,521 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in Autoliv by 4.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,315 shares of the auto parts company’s stock worth $405,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds 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.