Wells Fargo & Company Cuts Autoliv (NYSE:ALV) Price Target to $103.00

Autoliv (NYSE:ALV) had its target price reduced by Wells Fargo & Company from $122.00 to $103.00 in a report released on Monday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the auto parts company’s stock.

Several other research analysts have also recently weighed in on ALV. Citigroup cut their price target on shares of Autoliv from $128.00 to $119.00 and set a neutral rating on the stock in a report on Friday, July 12th. StockNews.com cut shares of Autoliv from a strong-buy rating to a buy rating in a research note on Thursday, June 13th. Robert W. Baird dropped their target price on shares of Autoliv from $128.00 to $111.00 and set a neutral rating on the stock in a research note on Monday. BNP Paribas began coverage on shares of Autoliv in a research note on Tuesday, June 18th. They issued a neutral rating on the stock. Finally, Wolfe Research upgraded shares of Autoliv from a peer perform rating to an outperform rating and set a $133.00 target price on the stock in a research note on Monday, July 8th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $126.46.

Autoliv Stock Down 0.4 %

Autoliv stock opened at $97.81 on Monday. Autoliv has a fifty-two week low of $89.37 and a fifty-two week high of $129.38. The stock has a market cap of $7.83 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 0.60 and a beta of 1.61. The firm’s 50-day simple moving average is $114.22 and its 200 day simple moving average is $114.61. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.73 and a current ratio of 0.98.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.57). Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter last year, the firm posted $1.93 earnings per share. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. Research analysts predict that Autoliv will post 9.74 EPS for the current fiscal year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Thursday, May 23rd were paid a $0.68 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $2.72 annualized dividend and a dividend yield of 2.78%. Autoliv’s payout ratio is 42.43%.

Insider Buying and Selling

In other Autoliv news, Director Jan Carlson sold 1,900 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were 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 in the company, valued at approximately $9,822,237.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by company insiders.

Institutional Trading of Autoliv

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Autoliv during the 4th quarter valued at about $27,000. GAMMA Investing LLC boosted its holdings in shares of Autoliv by 62.7% during the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 101 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in shares of Autoliv during the 1st quarter valued at about $36,000. Parallel Advisors LLC boosted its holdings in shares of Autoliv by 83.8% during the 4th quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock valued at $54,000 after acquiring an additional 223 shares during the last quarter. Finally, Rise Advisors LLC boosted its holdings in shares of Autoliv by 104.9% during the 1st quarter. Rise Advisors LLC now owns 547 shares of the auto parts company’s stock valued at $66,000 after acquiring an additional 280 shares during the last quarter. 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.