Autoliv (NYSE:ALV) Price Target Cut to $112.00 by Analysts at Mizuho

Autoliv (NYSE:ALV) had its price target cut by Mizuho from $115.00 to $112.00 in a research note released on Monday morning,Benzinga reports. They currently have an outperform rating on the auto parts company’s stock.

Several other equities analysts also recently commented on ALV. Robert W. Baird upped their target price on Autoliv from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Barclays decreased their target price on Autoliv from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Daiwa America raised Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Wells Fargo & Company reduced their price target on Autoliv from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. Finally, StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Autoliv presently has a consensus rating of “Moderate Buy” and an average target price of $119.85.

Autoliv Stock Performance

ALV opened at $93.95 on Monday. Autoliv has a 52-week low of $89.51 and a 52-week high of $129.38. The firm has a market capitalization of $7.30 billion, a PE ratio of 11.64, a PEG ratio of 0.72 and a beta of 1.58. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The business’s 50-day simple moving average is $96.48 and its 200 day simple moving average is $96.77.

Autoliv (NYSE:ALV) last released its earnings results on Friday, January 31st. The auto parts company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. As a group, sell-side analysts expect that Autoliv will post 10.05 earnings per share for the current fiscal year.

Autoliv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.98%. This is a boost from Autoliv’s previous quarterly dividend of $0.68. The ex-dividend date was Tuesday, December 3rd. Autoliv’s dividend payout ratio is presently 34.70%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. UMB Bank n.a. increased its holdings in Autoliv by 139.5% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 159 shares during the period. Fred Alger Management LLC acquired a new stake in Autoliv during the 3rd quarter worth about $45,000. Farther Finance Advisors LLC grew its holdings in Autoliv by 2,115.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,282 shares of the auto parts company’s stock worth $213,000 after acquiring an additional 2,179 shares during the period. Foundations Investment Advisors LLC acquired a new stake in Autoliv during the 3rd quarter worth about $222,000. Finally, CIBC Asset Management Inc grew its holdings in Autoliv by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,501 shares of the auto parts company’s stock worth $235,000 after acquiring an additional 124 shares during the period. 69.57% of the stock is currently 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.