Autoliv's (ALV) "Overweight" Rating Reiterated at Barclays

Autoliv (NYSE:ALV - Get Free Report)'s stock had its "overweight" rating restated by Barclays in a note issued to investors on Wednesday, MarketBeat reports. They presently have a $135.00 target price on the auto parts company's stock, up from their previous target price of $105.00. Barclays's price target points to a potential upside of 15.54% from the stock's current price.

Several other analysts have also recently commented on ALV. Wall Street Zen upgraded Autoliv from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Robert W. Baird boosted their price target on shares of Autoliv from $108.00 to $126.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. BNP Paribas Exane raised shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 price objective on the stock in a research note on Friday, May 9th. Jefferies Financial Group assumed coverage on shares of Autoliv in a research report on Wednesday, July 2nd. They set a "buy" rating and a $140.00 price objective for the company. Finally, Wells Fargo & Company boosted their target price on shares of Autoliv from $100.00 to $104.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $121.19.

Autoliv Price Performance

Shares of ALV traded up $1.20 during trading hours on Wednesday, reaching $116.84. The stock had a trading volume of 946,478 shares, compared to its average volume of 813,239. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.97. Autoliv has a 12 month low of $75.49 and a 12 month high of $118.98. The stock has a market capitalization of $9.03 billion, a PE ratio of 13.45, a PEG ratio of 1.31 and a beta of 1.37. The company's 50-day moving average is $108.13 and its two-hundred day moving average is $98.02.

Autoliv (NYSE:ALV - Get Free Report) last posted its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.72 by $0.43. Autoliv had a return on equity of 30.47% and a net margin of 6.63%. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the company earned $1.58 earnings per share. Research analysts expect that Autoliv will post 9.51 EPS for the current year.

Autoliv announced that its board has initiated a stock repurchase plan on Wednesday, June 4th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the auto parts company to reacquire up to 31.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other Autoliv news, Director Jan Carlson sold 1,555 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $108.32, for a total transaction of $168,437.60. Following the transaction, the director owned 77,493 shares in the company, valued at approximately $8,394,041.76. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company's stock.

Institutional Investors Weigh In On Autoliv

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in Autoliv by 122.9% in the 1st quarter. GAMMA Investing LLC now owns 370 shares of the auto parts company's stock valued at $33,000 after acquiring an additional 204 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Autoliv in the first quarter worth approximately $637,000. Impax Asset Management Group plc lifted its holdings in shares of Autoliv by 11.9% in the first quarter. Impax Asset Management Group plc now owns 84,358 shares of the auto parts company's stock valued at $7,461,000 after purchasing an additional 8,953 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Autoliv by 7.3% during the first quarter. Asset Management One Co. Ltd. now owns 75,591 shares of the auto parts company's stock valued at $6,686,000 after buying an additional 5,137 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Autoliv during the fourth quarter valued at approximately $3,815,000. 69.57% of the stock is owned by institutional investors.

About Autoliv

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.