Autoliv Inc. (ALV) Upgraded at Jefferies Group LLC

Autoliv Inc. (NYSE:ALV) was upgraded by equities researchers at Jefferies Group LLC from a “hold” rating to a “buy” rating in a research note issued on Tuesday, May 9th. The firm presently has a $119.00 price target on the auto parts company’s stock, up from their prior price target of $108.00. Jefferies Group LLC’s target price would indicate a potential upside of 14.90% from the stock’s current price.

ALV has been the subject of a number of other reports. Evercore ISI reaffirmed a “sell” rating and set a $90.00 price target on shares of Autoliv in a research report on Monday, February 6th. Royal Bank of Canada raised shares of Autoliv from an “underperform” rating to a “sector perform” rating and upped their price target for the stock from $94.00 to $99.00 in a research report on Friday, March 24th. KeyCorp reaffirmed an “equal weight” rating on shares of Autoliv in a research report on Tuesday, January 10th. Zacks Investment Research cut shares of Autoliv from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Finally, Mizuho initiated coverage on shares of Autoliv in a research report on Thursday, March 2nd. They set a “neutral” rating and a $115.00 price target for the company. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Autoliv currently has an average rating of “Hold” and a consensus price target of $105.13.

Analyst Recommendations for Autoliv (NYSE:ALV)

Autoliv (NYSE:ALV) traded up 1.07% during midday trading on Tuesday, hitting $104.68. The company had a trading volume of 116,092 shares. The stock has a 50 day moving average price of $100.58 and a 200-day moving average price of $104.64. The stock has a market capitalization of $9.25 billion, a PE ratio of 16.03 and a beta of 1.17. Autoliv has a 52 week low of $93.31 and a 52 week high of $126.14.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, April 28th. The auto parts company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.13. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.57 billion. Autoliv had a return on equity of 14.99% and a net margin of 5.59%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.66 EPS. On average, equities analysts predict that Autoliv will post $6.28 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Wednesday, May 17th will be paid a dividend of $0.60 per share. This is a positive change from Autoliv’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Monday, May 15th. This represents a $2.40 annualized dividend and a yield of 2.32%. Autoliv’s dividend payout ratio is 36.14%.

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In other Autoliv news, insider Johan Lofvenholm sold 876 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $104.45, for a total value of $91,498.20. Following the sale, the insider now owns 3,798 shares in the company, valued at $396,701.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Svante Mogefors sold 6,738 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $102.46, for a total transaction of $690,375.48. Following the completion of the sale, the vice president now owns 17,269 shares in the company, valued at approximately $1,769,381.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,839 shares of company stock worth $805,508. 0.27% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. AMP Capital Investors Ltd raised its stake in shares of Autoliv by 45.5% in the third quarter. AMP Capital Investors Ltd now owns 42,838 shares of the auto parts company’s stock valued at $4,462,000 after buying an additional 13,391 shares during the last quarter. KCG Holdings Inc. raised its position in Autoliv by 20.6% in the third quarter. KCG Holdings Inc. now owns 15,769 shares of the auto parts company’s stock worth $1,684,000 after buying an additional 2,696 shares in the last quarter. Pacer Advisors Inc. raised its position in Autoliv by 7.6% in the third quarter. Pacer Advisors Inc. now owns 1,754 shares of the auto parts company’s stock worth $187,000 after buying an additional 124 shares in the last quarter. Principal Financial Group Inc. raised its position in Autoliv by 16.0% in the third quarter. Principal Financial Group Inc. now owns 138,899 shares of the auto parts company’s stock worth $14,834,000 after buying an additional 19,138 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in Autoliv by 9.0% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 9,700 shares of the auto parts company’s stock worth $1,036,000 after buying an additional 800 shares in the last quarter. Institutional investors own 32.01% of the company’s stock.

About Autoliv

Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.

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