Autoliv (NYSE:ALV) Price Target Raised to $126.00 at Robert W. Baird

Autoliv (NYSE:ALV - Free Report) had its price objective upped by Robert W. Baird from $108.00 to $126.00 in a research report released on Friday,Benzinga reports. Robert W. Baird currently has a neutral rating on the auto parts company's stock.

Other analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Autoliv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th. Wells Fargo & Company lifted their price target on shares of Autoliv from $100.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. UBS Group lifted their price target on shares of Autoliv from $103.00 to $123.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Barclays lifted their price target on shares of Autoliv from $97.00 to $105.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Finally, BNP Paribas Exane upgraded shares of Autoliv from a "neutral" rating to an "outperform" rating and set a $123.00 price target for the company in a research note on Friday, May 9th. Six investment 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.31.

Autoliv Stock Up 0.0%

NYSE:ALV traded up $0.03 on Friday, reaching $117.69. 730,919 shares of the stock traded hands, compared to its average volume of 812,721. The company has a market capitalization of $9.10 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 1.97 and a beta of 1.37. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. Autoliv has a 12 month low of $75.49 and a 12 month high of $118.98. The company's fifty day simple moving average is $106.75 and its 200 day simple moving average is $97.60.

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

Autoliv declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, June 4th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the auto parts company to reacquire up to 31.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Autoliv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, September 5th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.89%. This is a positive change from Autoliv's previous quarterly dividend of $0.70. The ex-dividend date is Friday, September 5th. Autoliv's payout ratio is 32.22%.

Insiders Place Their Bets

In other Autoliv news, Director Jan Carlson sold 1,555 shares of Autoliv stock in a transaction that occurred 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 of the company's stock, valued at $8,394,041.76. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Autoliv

Several large investors have recently added to or reduced their stakes in ALV. US Bancorp DE lifted its holdings in Autoliv by 3.5% during the fourth quarter. US Bancorp DE now owns 3,820 shares of the auto parts company's stock valued at $358,000 after purchasing an additional 130 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Autoliv during the fourth quarter valued at approximately $3,815,000. AlphaQuest LLC lifted its holdings in shares of 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 buying an additional 134 shares in the last quarter. Erste Asset Management GmbH purchased a new position in shares of Autoliv in the fourth quarter worth $1,095,000. Finally, Mondrian Investment Partners LTD lifted its holdings in shares of Autoliv by 4.5% in the fourth quarter. Mondrian Investment Partners LTD now owns 1,378,636 shares of the auto parts company's stock worth $133,259,000 after buying an additional 59,592 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company's stock.

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.