Autoliv (NYSE:ALV) Price Target Raised to $129.00 at JPMorgan Chase & Co.

Autoliv (NYSE:ALV - Free Report) had its price target lifted by JPMorgan Chase & Co. from $117.00 to $129.00 in a research report sent to investors on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the auto parts company's stock.

A number of other research analysts have also issued reports on the company. Mizuho boosted their price objective on Autoliv from $115.00 to $135.00 and gave the company a buy rating in a research report on Monday, March 25th. StockNews.com upgraded Autoliv from a hold rating to a buy rating in a research report on Saturday, January 20th. Berenberg Bank upgraded Autoliv from a hold rating to a buy rating and set a $120.00 price target for the company in a research report on Friday, January 12th. Wolfe Research lowered Autoliv from an outperform rating to a peer perform rating in a research report on Thursday, January 4th. Finally, Wells Fargo & Company boosted their price target on Autoliv from $101.00 to $107.00 and gave the stock an equal weight rating in a research report on Monday, January 29th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $117.82.

Autoliv Stock Performance

NYSE:ALV traded up $2.44 during midday trading on Monday, reaching $117.27. 457,249 shares of the company traded hands, compared to its average volume of 528,138. Autoliv has a twelve month low of $79.66 and a twelve month high of $124.38. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 0.76 and a beta of 1.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.98 and a quick ratio of 0.73. The company has a fifty day moving average price of $117.08 and a 200 day moving average price of $107.46.

Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings data on Friday, January 26th. The auto parts company reported $3.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.37 by $0.37. Autoliv had a return on equity of 27.13% and a net margin of 4.66%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the previous year, the firm posted $1.83 EPS. The business's revenue for the quarter was up 17.8% compared to the same quarter last year. On average, analysts expect that Autoliv will post 9.68 EPS for the current fiscal year.

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Monday, March 11th. Autoliv's dividend payout ratio is presently 47.30%.

Insider Transactions at Autoliv

In other news, insider Colin Naughton sold 782 shares of the business's stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $110.68, for a total transaction of $86,551.76. Following the sale, the insider now directly owns 5,594 shares of the company's stock, valued at $619,143.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Colin Naughton sold 782 shares of the business's stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $110.68, for a total transaction of $86,551.76. Following the sale, the insider now directly owns 5,594 shares of the company's stock, valued at $619,143.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mikael Hagstrom sold 327 shares of the business's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $109.69, for a total value of $35,868.63. Following the sale, the vice president now directly owns 327 shares in the company, valued at $35,868.63. The disclosure for this sale can be found here. Insiders have sold 8,388 shares of company stock valued at $921,757 over the last three months. Company insiders own 0.24% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Ellsworth Advisors LLC purchased a new position in Autoliv in the third quarter valued at about $849,000. Commonwealth Equity Services LLC purchased a new position in Autoliv in the third quarter valued at about $254,000. Raymond James & Associates grew its stake in Autoliv by 143.7% in the third quarter. Raymond James & Associates now owns 28,814 shares of the auto parts company's stock valued at $2,780,000 after purchasing an additional 16,990 shares in the last quarter. New York State Teachers Retirement System grew its stake in Autoliv by 54.9% in the third quarter. New York State Teachers Retirement System now owns 30,114 shares of the auto parts company's stock valued at $2,905,000 after purchasing an additional 10,676 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Autoliv by 4.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 439,353 shares of the auto parts company's stock valued at $42,389,000 after purchasing an additional 16,964 shares in the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

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.