Robert W. Baird Issues Pessimistic Forecast for Autoliv (NYSE:ALV) Stock Price

Autoliv (NYSE:ALV) had its price target cut by Robert W. Baird from $105.00 to $90.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s target price would indicate a potential upside of 3.18% from the company’s previous close.

A number of other brokerages have also commented on ALV. TD Cowen assumed coverage on shares of 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 price objective on shares of Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. Daiwa America raised Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Daiwa Capital Markets upgraded Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price target on the stock in a research note on Tuesday, January 7th. Finally, Cowen initiated coverage on shares of Autoliv in a research report on Thursday, March 6th. They set a “buy” rating on the stock. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and an average target price of $113.71.

Autoliv Trading Up 6.1 %

ALV stock opened at $87.23 on Tuesday. Autoliv has a fifty-two week low of $75.49 and a fifty-two week high of $129.38. The firm has a market cap of $6.75 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 0.73 and a beta of 1.47. The firm has a fifty day moving average price of $90.96 and a 200 day moving average price of $94.42. 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 issued its quarterly earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.45. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the company earned $1.58 earnings per share. Sell-side analysts anticipate that Autoliv will post 9.51 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Mikael Bratt sold 5,760 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $98.90, for a total value of $569,664.00. Following the completion of the transaction, the chief executive officer now owns 23,307 shares of the company’s stock, valued at approximately $2,305,062.30. This trade represents a 19.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Fredrik Westin sold 1,803 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $99.19, for a total value of $178,839.57. Following the sale, the chief financial officer now directly owns 7,261 shares in the company, valued at $720,218.59. This represents a 19.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,253 shares of company stock valued at $915,534 in the last quarter. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ALV. JPMorgan Chase & Co. lifted its stake in Autoliv by 38.3% during the third quarter. JPMorgan Chase & Co. now owns 276,315 shares of the auto parts company’s stock worth $25,800,000 after purchasing an additional 76,510 shares during the last quarter. Geode Capital Management LLC increased its position in Autoliv by 10.8% during the third quarter. Geode Capital Management LLC now owns 987,375 shares of the auto parts company’s stock worth $92,221,000 after buying an additional 95,888 shares during the period. Lancaster Investment Management lifted its stake in Autoliv by 17.7% in the fourth quarter. Lancaster Investment Management now owns 568,821 shares of the auto parts company’s stock valued at $53,350,000 after buying an additional 85,732 shares during the last quarter. ABC Arbitrage SA purchased a new position in shares of Autoliv during the fourth quarter worth approximately $394,000. Finally, Barclays PLC increased its holdings in shares of Autoliv by 41.5% in the 3rd quarter. Barclays PLC now owns 30,216 shares of the auto parts company’s stock valued at $2,821,000 after acquiring an additional 8,859 shares during the period. Hedge funds and other 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.