Autoliv (NYSE:ALV) PT Raised to $128.00

Autoliv (NYSE:ALV) had its target price hoisted by investment analysts at Wells Fargo & Company from $126.00 to $128.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 6.86% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on ALV. Barclays lifted their price objective on Autoliv from $120.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on Autoliv from $117.00 to $129.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Berenberg Bank raised Autoliv from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Friday, January 12th. Robert W. Baird lifted their target price on Autoliv from $133.00 to $135.00 and gave the company a “neutral” rating in a report on Monday. Finally, Bank of America lifted their target price on Autoliv from $135.00 to $145.00 and gave the company a “buy” rating in a report on Monday. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Autoliv presently has a consensus rating of “Hold” and an average price target of $125.90.

Autoliv Trading Down 1.2 %

Shares of NYSE ALV opened at $119.78 on Monday. Autoliv has a twelve month low of $79.66 and a twelve month high of $125.91. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.75. The stock has a fifty day simple moving average of $118.13 and a 200-day simple moving average of $108.45. The stock has a market capitalization of $9.76 billion, a PE ratio of 18.69, a PEG ratio of 0.81 and a beta of 1.72.

Insiders Place Their Bets

In other Autoliv news, EVP Anthony J. Nellis sold 760 shares of Autoliv stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $110.00, for a total transaction of $83,600.00. Following the completion of the sale, the executive vice president now directly owns 4,859 shares of the company’s stock, valued at approximately $534,490. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Fredrik Westin sold 1,318 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.93, for a total value of $144,887.74. Following the completion of the sale, the chief financial officer now directly owns 5,458 shares of the company’s stock, valued at approximately $599,997.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anthony J. Nellis sold 760 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $110.00, for a total value of $83,600.00. Following the completion of the sale, the executive vice president now directly owns 4,859 shares of the company’s stock, valued at $534,490. The disclosure for this sale can be found here. Insiders sold 8,388 shares of company stock valued at $921,757 in the last ninety days. Insiders own 0.24% of the company’s stock.

Institutional Trading of Autoliv

Several institutional investors and hedge funds have recently made changes to their positions in ALV. Louisiana State Employees Retirement System acquired a new position in Autoliv in the 4th quarter valued at about $2,314,000. Foundry Partners LLC acquired a new position in Autoliv in the 4th quarter valued at about $15,165,000. New York Life Investment Management LLC increased its position in Autoliv by 90.3% in the 3rd quarter. New York Life Investment Management LLC now owns 8,151 shares of the auto parts company’s stock valued at $786,000 after acquiring an additional 3,867 shares during the period. Versor Investments LP increased its position in Autoliv by 43.5% in the 3rd quarter. Versor Investments LP now owns 8,250 shares of the auto parts company’s stock valued at $796,000 after acquiring an additional 2,501 shares during the period. Finally, CI Investments Inc. increased its position in Autoliv by 2.8% in the 3rd quarter. CI Investments Inc. now owns 231,211 shares of the auto parts company’s stock valued at $22,307,000 after acquiring an additional 6,394 shares during the period. 69.57% of the stock is owned by hedge funds and other 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.