Autoliv (NYSE:ALV) Upgraded at Wolfe Research

Autoliv (NYSE:ALV) was upgraded by investment analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research report issued on Monday, MarketBeat reports. The brokerage presently has a $133.00 target price on the auto parts company’s stock. Wolfe Research’s price target suggests a potential upside of 25.00% from the company’s previous close.

A number of other equities analysts have also commented on ALV. Wells Fargo & Company cut their price objective on shares of Autoliv from $128.00 to $122.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 25th. Bank of America raised their price objective on shares of Autoliv from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Mizuho raised their price objective 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. Barclays lifted their target price on shares of Autoliv from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, April 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Autoliv from $117.00 to $129.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $129.27.

Autoliv Price Performance

ALV opened at $106.40 on Monday. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 0.65 and a beta of 1.61. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average price of $117.66 and a 200-day moving average price of $114.80. Autoliv has a twelve month low of $87.01 and a twelve month high of $129.38.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, April 26th. The auto parts company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.18. Autoliv had a net margin of 5.10% and a return on equity of 29.84%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. Equities analysts expect that Autoliv will post 9.74 EPS for the current year.

Insider Transactions at Autoliv

In other news, Director Jan Carlson sold 1,900 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $126.75, for a total value of $240,825.00. Following the completion of the sale, the director now directly owns 77,493 shares in the company, valued at approximately $9,822,237.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. KRS Capital Management LLC increased its position in Autoliv by 3.7% during the 1st quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock valued at $336,000 after purchasing an additional 100 shares during the period. State of Michigan Retirement System increased its position in Autoliv by 0.6% during the 1st quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock valued at $2,180,000 after purchasing an additional 100 shares during the period. GAMMA Investing LLC increased its position in Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 101 shares during the period. Corient Private Wealth LLC increased its position in Autoliv by 1.1% during the 4th quarter. Corient Private Wealth LLC now owns 9,490 shares of the auto parts company’s stock valued at $1,046,000 after purchasing an additional 107 shares during the period. Finally, Rise Advisors LLC increased its position in Autoliv by 84.1% during the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 122 shares during the period. 69.57% of the stock is owned by hedge funds and other institutional investors.

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.