Autoliv, Inc. (NYSE:ALV) Given Consensus Recommendation of "Moderate Buy" by Analysts

Autoliv, Inc. (NYSE:ALV - Get Free Report) has received an average recommendation of "Moderate Buy" from the nineteen ratings firms that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $114.00.

Several research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on Autoliv from $82.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. BNP Paribas raised shares of Autoliv from a "hold" rating to a "strong-buy" rating in a report on Friday, May 9th. Wall Street Zen raised shares of Autoliv from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Barclays raised their price target on shares of Autoliv from $97.00 to $105.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, UBS Group boosted their price objective on shares of Autoliv from $103.00 to $123.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SouthState Corp bought a new stake in shares of Autoliv in the 1st quarter worth $25,000. AlphaQuest LLC raised its position in Autoliv by 74.4% in the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company's stock worth $29,000 after acquiring an additional 134 shares in the last quarter. GAMMA Investing LLC raised its position in Autoliv by 122.9% in the first quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock worth $33,000 after acquiring an additional 204 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Autoliv in the 1st quarter valued at about $44,000. Finally, Twin Tree Management LP acquired a new stake in Autoliv in the 4th quarter valued at about $50,000. 69.57% of the stock is currently owned by institutional investors.

Autoliv Stock Up 1.6%

ALV traded up $1.67 during trading on Wednesday, hitting $105.08. The company had a trading volume of 789,618 shares, compared to its average volume of 831,127. Autoliv has a 1-year low of $75.49 and a 1-year high of $121.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. The company has a market cap of $8.12 billion, a PE ratio of 13.02, a P/E/G ratio of 0.73 and a beta of 1.36. The business has a 50-day moving average of $92.83 and a 200-day moving average of $94.72.

Autoliv (NYSE:ALV - Get Free Report) last issued its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.43. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.50 billion. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. During the same quarter in the prior year, the business posted $1.58 EPS. As a group, analysts forecast that Autoliv will post 9.51 earnings per share for the current year.

Autoliv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.24%. This is a positive change from Autoliv's previous quarterly dividend of $0.70. The ex-dividend date is Friday, September 5th. Autoliv's dividend payout ratio (DPR) is 32.22%.

Autoliv announced that its board has approved a share repurchase program on Wednesday, June 4th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the auto parts company to repurchase up to 31.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.

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.