Autoliv (NYSE:ALV) PT Raised to $129.00 at JPMorgan Chase & Co.

Autoliv (NYSE:ALV) had its price objective hoisted by JPMorgan Chase & Co. from $117.00 to $129.00 in a report issued on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the auto parts company’s stock.

A number of other research firms have also recently weighed in on ALV. StockNews.com upgraded shares of Autoliv from a hold rating to a buy rating in a report on Saturday, January 20th. Barclays lifted their target price on shares of Autoliv from $107.00 to $120.00 and gave the stock an equal weight rating in a research note on Thursday, April 11th. Wells Fargo & Company lifted their target price on shares of Autoliv from $101.00 to $107.00 and gave the stock an equal weight rating in a research note on Monday, January 29th. Wolfe Research cut shares of Autoliv from an outperform rating to a peer perform rating in a research note on Thursday, January 4th. Finally, Berenberg Bank upgraded shares of Autoliv from a hold rating to a buy rating and set a $120.00 target price for the company in a research note on Friday, January 12th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $118.60.

Autoliv Stock Down 1.8 %

NYSE:ALV opened at $115.85 on Monday. Autoliv has a fifty-two week low of $79.66 and a fifty-two week high of $124.38. The stock has a market capitalization of $9.44 billion, a P/E ratio of 20.15, a P/E/G ratio of 0.78 and a beta of 1.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.73 and a current ratio of 0.98. The company’s 50-day simple moving average is $117.46 and its 200-day simple moving average is $107.69.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, January 26th. The auto parts company reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.37 by $0.37. Autoliv had a net margin of 4.66% and a return on equity of 27.13%. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same period last year, the business earned $1.83 EPS. The company’s revenue was up 17.8% compared to the same quarter last year. On average, equities analysts anticipate that Autoliv will post 9.68 earnings per share for the current fiscal year.

Autoliv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 12th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.35%. The ex-dividend date was Monday, March 11th. Autoliv’s payout ratio is 47.30%.

Insider Buying and Selling at Autoliv

In other Autoliv news, VP Mikael Hagstrom sold 327 shares of Autoliv stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total transaction of $35,868.63. Following the completion of the sale, the vice president now directly owns 327 shares in the company, valued at approximately $35,868.63. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Autoliv news, VP Mikael Hagstrom sold 327 shares of Autoliv stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $109.69, for a total transaction of $35,868.63. Following the completion of the sale, the vice president now directly owns 327 shares in the company, valued at approximately $35,868.63. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mikael Bratt sold 4,226 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $109.72, for a total transaction of $463,676.72. Following the completion of the transaction, the chief executive officer now owns 17,547 shares of the company’s stock, valued at $1,925,256.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,388 shares of company stock worth $921,757. Company insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Autoliv

Several large investors have recently made changes to their positions in ALV. Ellsworth Advisors LLC acquired a new position in shares of Autoliv in the 3rd quarter valued at $849,000. Commonwealth Equity Services LLC acquired a new position in Autoliv during the third quarter worth $254,000. Raymond James & Associates raised its position in Autoliv by 143.7% during the third quarter. Raymond James & Associates now owns 28,814 shares of the auto parts company’s stock worth $2,780,000 after acquiring an additional 16,990 shares during the period. New York State Teachers Retirement System raised its position in Autoliv by 54.9% during the third quarter. New York State Teachers Retirement System now owns 30,114 shares of the auto parts company’s stock worth $2,905,000 after acquiring an additional 10,676 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Autoliv by 4.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 439,353 shares of the auto parts company’s stock worth $42,389,000 after acquiring an additional 16,964 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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.