Bank of America Boosts Autoliv (NYSE:ALV) Price Target to $145.00

Autoliv (NYSE:ALV) had its price target boosted by Bank of America from $135.00 to $145.00 in a research report released on Monday, Benzinga reports. The firm currently has a buy rating on the auto parts company’s stock.

Several other brokerages have also commented on ALV. JPMorgan Chase & Co. upped their target price on Autoliv from $117.00 to $129.00 and gave the company a neutral rating in a research report on Monday, April 22nd. Wells Fargo & Company increased their price target on Autoliv from $101.00 to $107.00 and gave the stock an equal weight rating in a report on Monday, January 29th. Mizuho raised their price objective on shares of Autoliv from $115.00 to $135.00 and gave the stock a buy rating in a research report on Monday, March 25th. Robert W. Baird boosted their target price on shares of Autoliv from $133.00 to $135.00 and gave the company a neutral rating in a research report on Monday. Finally, Berenberg Bank raised shares of Autoliv from a hold rating to a buy rating and set a $120.00 target price on the stock in a research note on Friday, January 12th. Seven 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, the stock has a consensus rating of Hold and a consensus target price of $125.90.

Autoliv Price Performance

ALV stock opened at $120.49 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.10 and a debt-to-equity ratio of 0.75. The company’s fifty day simple moving average is $118.33 and its 200 day simple moving average is $108.53. Autoliv has a 12-month low of $79.66 and a 12-month high of $125.91. The firm has a market cap of $9.81 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 0.80 and a beta of 1.72.

Autoliv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 12th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Monday, March 11th. Autoliv’s dividend payout ratio is presently 42.43%.

Insider Buying and Selling

In other Autoliv news, EVP Anthony J. Nellis sold 760 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $110.00, for a total value of $83,600.00. Following the completion of the transaction, the executive vice president now owns 4,859 shares in the company, valued at approximately $534,490. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Autoliv news, 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 transaction, the executive vice president now directly owns 4,859 shares in the company, valued at $534,490. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Colin Naughton sold 782 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $110.68, for a total transaction of $86,551.76. Following the transaction, the insider now directly owns 5,594 shares of the company’s stock, valued at $619,143.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,388 shares of company stock worth $921,757. 0.24% of the stock is owned by company insiders.

Institutional Trading of Autoliv

A number of large investors have recently bought and sold shares of ALV. Commonwealth Equity Services LLC bought a new position in shares of Autoliv during the 3rd quarter worth $254,000. Raymond James & Associates lifted its holdings in Autoliv by 143.7% during the third quarter. Raymond James & Associates now owns 28,814 shares of the auto parts company’s stock valued at $2,780,000 after purchasing an additional 16,990 shares during the last quarter. New York State Teachers Retirement System boosted its position in Autoliv by 54.9% during the third quarter. New York State Teachers Retirement System now owns 30,114 shares of the auto parts company’s stock worth $2,905,000 after purchasing an additional 10,676 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Autoliv by 4.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 439,353 shares of the auto parts company’s stock worth $42,389,000 after purchasing an additional 16,964 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Autoliv by 269.5% in the third quarter. Fifth Third Bancorp now owns 872 shares of the auto parts company’s stock valued at $84,000 after purchasing an additional 636 shares during the period. 69.57% of the stock is owned by hedge funds and other institutional investors.

Autoliv Company Profile

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.