Autoliv (NYSE:ALV) Rating Increased to Hold at Jefferies Financial Group

Autoliv (NYSE:ALV) was upgraded by analysts at Jefferies Financial Group to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other brokerages also recently commented on ALV. Bank of America began coverage on shares of Autoliv in a research report on Thursday, April 16th. They issued a “buy” rating and a $140.00 price objective for the company. UBS Group lifted their price objective on shares of Autoliv from $110.00 to $122.00 and gave the stock a “neutral” rating in a research report on Monday. Wells Fargo & Company set a $116.00 price objective on shares of Autoliv in a research report on Monday, April 20th. Royal Bank Of Canada lifted their price objective on shares of Autoliv from $137.00 to $138.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Finally, Barclays reduced their price objective on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.87.

Autoliv Stock Performance

Shares of ALV opened at $121.94 on Monday. The firm has a 50-day moving average of $119.78 and a 200-day moving average of $118.72. Autoliv has a one year low of $99.16 and a one year high of $132.17. The company has a market cap of $9.13 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 0.84 and a beta of 1.33. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.82.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Saturday, April 18th. The auto parts company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.21. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the firm posted $2.15 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, equities analysts forecast that Autoliv will post 10.53 earnings per share for the current year.

Insider Buying and Selling

In other Autoliv news, Director Jan Carlson sold 19,607 shares of Autoliv stock in a transaction on Friday, June 12th. The shares were sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the completion of the transaction, the director directly owned 60,000 shares of the company’s stock, valued at $7,800,000. The trade was a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Autoliv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALV. Torren Management LLC acquired a new stake in shares of Autoliv during the fourth quarter worth $25,000. IFP Advisors Inc lifted its holdings in shares of Autoliv by 110.3% during the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after buying an additional 107 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Autoliv by 863.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock worth $25,000 after buying an additional 190 shares in the last quarter. Quarry LP acquired a new stake in shares of Autoliv during the third quarter worth $36,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Autoliv during the third quarter worth $37,000. 69.57% of the stock is owned by institutional investors.

About Autoliv

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.