Autoliv (NYSE:ALV) Price Target Raised to $135.00

Autoliv (NYSE:ALV) had its price target upped by investment analysts at Robert W. Baird from $133.00 to $135.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s price target would indicate a potential upside of 10.39% from the stock’s current price.

A number of other analysts have also commented on ALV. StockNews.com upgraded Autoliv from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Wolfe Research downgraded Autoliv from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. JPMorgan Chase & Co. raised their price target on shares of Autoliv from $117.00 to $129.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Barclays boosted their price objective on shares of Autoliv from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Finally, Mizuho raised their target price on shares of Autoliv from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Autoliv has a consensus rating of “Hold” and a consensus target price of $121.50.

Autoliv Stock Performance

Shares of ALV opened at $122.29 on Monday. The firm has a market cap of $9.96 billion, a P/E ratio of 19.08, a PEG ratio of 0.81 and a beta of 1.72. Autoliv has a twelve month low of $79.66 and a twelve month high of $125.91. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.82 and a current ratio of 1.10. The firm’s 50 day moving average price is $117.74 and its two-hundred day moving average price is $108.09.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, January 26th. The auto parts company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.37 by $0.37. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Autoliv had a net margin of 5.10% and a return on equity of 29.84%. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.83 EPS. On average, analysts forecast that Autoliv will post 9.67 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Fredrik Westin sold 1,318 shares of Autoliv stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $109.93, for a total transaction of $144,887.74. Following the completion of the transaction, the chief financial officer now directly owns 5,458 shares in the company, valued at approximately $599,997.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Fredrik Westin sold 1,318 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.93, for a total value of $144,887.74. Following the transaction, the chief financial officer now directly owns 5,458 shares of the company’s stock, valued at $599,997.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Colin Naughton sold 782 shares of the firm’s stock in a transaction dated 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 owns 5,594 shares of the company’s stock, valued at approximately $619,143.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,388 shares of company stock worth $921,757. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Autoliv

Several institutional investors and hedge funds have recently made changes to their positions in ALV. Norges Bank bought a new position in Autoliv during the fourth quarter worth about $91,065,000. Balyasny Asset Management L.P. increased its stake in Autoliv by 169.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 759,239 shares of the auto parts company’s stock worth $83,661,000 after acquiring an additional 477,800 shares during the period. FMR LLC raised its holdings in Autoliv by 9.6% in the 3rd quarter. FMR LLC now owns 5,264,937 shares of the auto parts company’s stock valued at $507,961,000 after acquiring an additional 459,147 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Autoliv by 183.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 487,586 shares of the auto parts company’s stock valued at $47,042,000 after acquiring an additional 315,668 shares during the period. Finally, Public Sector Pension Investment Board increased its stake in shares of Autoliv by 41.0% in the 4th quarter. Public Sector Pension Investment Board now owns 958,304 shares of the auto parts company’s stock valued at $105,596,000 after purchasing an additional 278,800 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

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.