Wells Fargo & Company Cuts Autoliv (NYSE:ALV) Price Target to $122.00

Autoliv (NYSE:ALV) had its price target decreased by Wells Fargo & Company from $128.00 to $122.00 in a research report report published on Tuesday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the auto parts company’s stock.

Other research analysts have also issued research reports about the company. Bank of America boosted their price target on Autoliv from $135.00 to $145.00 and gave the stock a buy rating in a research report on Monday, April 29th. Mizuho increased their target price on shares of Autoliv from $115.00 to $135.00 and gave the company a buy rating in a research report on Monday, March 25th. UBS Group upgraded shares of Autoliv from a neutral rating to a buy rating and boosted their price target for the stock from $102.00 to $141.00 in a research report on Tuesday, May 28th. JPMorgan Chase & Co. increased their price objective on shares of Autoliv from $117.00 to $129.00 and gave the company a neutral rating in a report on Monday, April 22nd. Finally, Robert W. Baird raised their price objective on shares of Autoliv from $133.00 to $135.00 and gave the company a neutral rating in a research note on Monday, April 29th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $128.90.

Autoliv Stock Down 2.1 %

ALV stock opened at $106.29 on Tuesday. The stock has a market cap of $8.65 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 0.66 and a beta of 1.65. The firm’s 50-day simple moving average is $119.42 and its 200 day simple moving average is $114.51. Autoliv has a fifty-two week low of $83.40 and a fifty-two week high of $129.38. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 0.75.

Autoliv (NYSE:ALV) last posted its earnings results on Friday, April 26th. The auto parts company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.40 by $0.18. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a net margin of 5.10% and a return on equity of 29.84%. As a group, sell-side analysts predict that Autoliv will post 9.74 EPS for the current year.

Autoliv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Thursday, May 23rd were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.56%. Autoliv’s dividend payout ratio (DPR) is presently 42.43%.

Insider Transactions at Autoliv

In related news, Director Jan Carlson sold 1,900 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $126.75, for a total value of $240,825.00. Following the completion of the transaction, the director now owns 77,493 shares in the company, valued at approximately $9,822,237.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of Autoliv

Several hedge funds and other institutional investors have recently modified their holdings of ALV. Benjamin F. Edwards & Company Inc. purchased a new position in Autoliv during the fourth quarter valued at approximately $27,000. Rise Advisors LLC boosted its stake in shares of Autoliv by 84.1% during the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 122 shares in the last quarter. Register Financial Advisors LLC acquired a new position in shares of Autoliv during the 1st quarter valued at about $36,000. Parallel Advisors LLC raised its stake in shares of Autoliv by 83.8% in the 4th quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 223 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its holdings in Autoliv by 15,425.0% in the 4th quarter. TFO Wealth Partners LLC now owns 621 shares of the auto parts company’s stock worth $68,000 after purchasing an additional 617 shares during the last quarter. 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.