Wells Fargo & Company Issues Pessimistic Forecast for Autoliv (NYSE:ALV) Stock Price

Autoliv (NYSE:ALV) had its price target cut by Wells Fargo & Company from $84.00 to $82.00 in a report published on Thursday,Benzinga reports. They currently have an equal weight rating on the auto parts company’s stock.

Several other analysts have also recently commented on ALV. Daiwa Capital Markets upgraded shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price target for the company in a report on Tuesday, January 7th. Cowen assumed coverage on Autoliv in a report on Thursday, March 6th. They issued a “buy” rating on the stock. Hsbc Global Res downgraded shares of Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. StockNews.com cut shares of Autoliv from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, Robert W. Baird reduced their price target on Autoliv from $105.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.64.

Autoliv Stock Performance

NYSE:ALV opened at $86.40 on Thursday. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 0.73 and a beta of 1.47. Autoliv has a twelve month low of $75.49 and a twelve month high of $129.38. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.67. The company has a 50-day moving average of $90.74 and a 200-day moving average of $94.32.

Autoliv (NYSE:ALV) last posted 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. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. The firm had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company earned $1.58 EPS. Analysts forecast that Autoliv will post 9.51 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were paid a $0.70 dividend. The ex-dividend date was Friday, March 7th. This represents a $2.80 annualized dividend and a dividend yield of 3.24%. Autoliv’s dividend payout ratio is currently 32.22%.

Insider Activity

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

Hedge Funds Weigh In On Autoliv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC acquired a new position in shares of Autoliv in the 1st quarter valued at approximately $44,000. SG Americas Securities LLC bought a new stake in Autoliv during the 1st quarter worth about $637,000. GAMMA Investing LLC boosted its stake in shares of Autoliv by 122.9% during the 1st quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company’s stock worth $33,000 after buying an additional 204 shares during the last quarter. Signet Financial Management LLC acquired a new stake in shares of Autoliv in the first quarter valued at about $340,000. Finally, Farther Finance Advisors LLC raised its holdings in Autoliv by 37.6% during the first quarter. Farther Finance Advisors LLC now owns 2,644 shares of the auto parts company’s stock worth $237,000 after acquiring an additional 723 shares in the last quarter. 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.