Autoliv (NYSE:ALV) Now Covered by Analysts at BNP Paribas

BNP Paribas assumed coverage on shares of Autoliv (NYSE:ALV) in a research report released on Tuesday, StockNewsAPI reports. The firm issued a neutral rating on the auto parts company’s stock.

A number of other research analysts have also issued reports on ALV. UBS Group upgraded Autoliv from a neutral rating to a buy rating and boosted their price target for the stock from $102.00 to $141.00 in a research report on Tuesday, May 28th. StockNews.com lowered Autoliv from a strong-buy rating to a buy rating in a research report on Thursday, June 13th. Barclays boosted their price target on Autoliv from $120.00 to $125.00 and gave the stock an equal weight rating in a research report on Monday, April 29th. Mizuho boosted their price target on Autoliv from $115.00 to $135.00 and gave the stock a buy rating in a research report on Monday, March 25th. Finally, Wells Fargo & Company boosted their price target on Autoliv from $126.00 to $128.00 and gave the stock an equal weight rating in a research report on Monday, April 29th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Autoliv currently has an average rating of Hold and an average target price of $129.50.

Autoliv Price Performance

Shares of ALV opened at $108.80 on Tuesday. The company has a market cap of $8.85 billion, a P/E ratio of 16.97, a PEG ratio of 0.61 and a beta of 1.65. The stock has a fifty day moving average price of $120.52 and a 200 day moving average price of $114.40. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.10 and a quick ratio of 0.82. Autoliv has a 12 month low of $82.21 and a 12 month high of $129.38.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, April 26th. The auto parts company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.18. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. Autoliv had a return on equity of 29.84% and a net margin of 5.10%. On average, research analysts forecast that Autoliv will post 9.82 earnings per share for the current year.

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Thursday, May 23rd were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Wednesday, May 22nd. Autoliv’s dividend payout ratio is 42.43%.

Insider Activity

In other news, Director Jan Carlson sold 1,900 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $126.75, for a total transaction of $240,825.00. Following the completion of the sale, the director now directly owns 77,493 shares of the company’s stock, valued at $9,822,237.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Autoliv

Several hedge funds have recently modified their holdings of ALV. Swedbank AB purchased a new stake in shares of Autoliv during the first quarter valued at $235,996,000. Norges Bank acquired a new position in Autoliv during the fourth quarter valued at $91,065,000. Balyasny Asset Management L.P. raised its position in Autoliv by 169.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 759,239 shares of the auto parts company’s stock valued at $83,661,000 after buying an additional 477,800 shares during the period. FMR LLC raised its position in Autoliv by 9.6% during the third quarter. FMR LLC now owns 5,264,937 shares of the auto parts company’s stock valued at $507,961,000 after buying an additional 459,147 shares during the period. Finally, Caxton Associates LP raised its position in Autoliv by 121.9% during the first quarter. Caxton Associates LP now owns 686,622 shares of the auto parts company’s stock valued at $82,690,000 after buying an additional 377,233 shares during the period. 69.57% of the stock is owned by hedge funds and other institutional investors.

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.