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

Key Points

• Autoliv has a “Moderate Buy” consensus from 13 analysts, with eight buy ratings and five holds. The average 12-month price target is $135.93, above the reported share price of $123.32.
• In its latest quarter, Autoliv reported revenue of $2.80 billion, up 3.3% year over year and above estimates, while EPS of $2.43 narrowly missed the $2.46 consensus.
• The company paid a quarterly dividend of $0.87 per share, equivalent to an annualized $3.48 dividend and a 2.8% yield. Institutional investors own 69.57% of Autoliv’s stock, while a director recently sold shares worth approximately $2.55 million.

Shares of Autoliv, Inc. (NYSE:ALV - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $135.9333.

A number of equities analysts have recently commented on the stock. Bank of America began coverage on shares of Autoliv in a research note on Thursday, April 16th. They set a "buy" rating and a $140.00 price objective for the company. UBS Group lifted their target price on Autoliv from $110.00 to $122.00 and gave the company a "neutral" rating in a research report on Monday, June 15th. Weiss Ratings lowered Autoliv from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, July 20th. Wall Street Zen cut Autoliv from a "buy" rating to a "hold" rating in a research report on Saturday, July 4th. Finally, TD Cowen decreased their price target on Autoliv from $150.00 to $148.00 and set a "buy" rating for the company in a research note on Monday, July 20th.

Autoliv Stock Performance

Shares of ALV stock opened at $123.32 on Monday. The company's fifty day simple moving average is $122.10 and its 200-day simple moving average is $118.46. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67. The firm has a market cap of $9.03 billion, a PE ratio of 14.53, a P/E/G ratio of 0.98 and a beta of 1.34. Autoliv has a 12 month low of $99.16 and a 12 month high of $132.17.

Autoliv (NYSE:ALV - Get Free Report) last released its earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing analysts' consensus estimates of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period last year, the business posted $2.21 EPS. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts expect that Autoliv will post 10.11 EPS for the current fiscal year.

Autoliv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.87 per share. The ex-dividend date was Wednesday, May 20th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.8%. Autoliv's dividend payout ratio is currently 40.99%.

Insider Activity at Autoliv

In other news, Director Jan Carlson sold 19,607 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $130.00, for a total value of $2,548,910.00. Following the completion of the sale, the director owned 60,000 shares of the company's stock, valued at approximately $7,800,000. This represents a 24.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.34% of the company's stock.

Institutional Trading of Autoliv

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in Autoliv by 11.0% in the 4th quarter. UMB Bank n.a. now owns 825 shares of the auto parts company's stock worth $98,000 after purchasing an additional 82 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Autoliv by 5.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,677 shares of the auto parts company's stock worth $199,000 after purchasing an additional 83 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Autoliv by 21.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the auto parts company's stock worth $66,000 after purchasing an additional 98 shares during the period. Fifth Third Wealth Advisors LLC increased its holdings in shares of Autoliv by 5.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,037 shares of the auto parts company's stock worth $214,000 after purchasing an additional 99 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Autoliv by 0.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,096 shares of the auto parts company's stock valued at $1,482,000 after buying an additional 100 shares in the last quarter. 69.57% of the stock is owned by institutional investors.

Autoliv Company Profile

Autoliv Inc NYSE: ALV is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux's automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.

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