StockNews.com Upgrades Autoliv (NYSE:ALV) to Strong-Buy

Autoliv (NYSE:ALV) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.

Several other analysts have also commented on ALV. JPMorgan Chase & Co. raised their price target on shares of 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 boosted their price objective on Autoliv from $126.00 to $128.00 and gave the company an “equal weight” rating in a research report on Monday, April 29th. Wolfe Research downgraded Autoliv from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Berenberg Bank upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, January 12th. Finally, Barclays lifted their target price on shares of Autoliv from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, April 29th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $125.90.

Autoliv Stock Performance

Shares of ALV stock opened at $121.38 on Friday. Autoliv has a 52-week low of $79.66 and a 52-week high of $125.91. 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 stock has a market cap of $9.88 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 0.77 and a beta of 1.69. The business has a 50-day simple moving average of $118.72 and a 200-day simple moving average of $108.91.

Insiders Place Their Bets

In other Autoliv news, VP Mikael Hagstrom sold 327 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $109.69, for a total value of $35,868.63. Following the completion of the sale, the vice president now directly owns 327 shares of the company’s stock, valued at approximately $35,868.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Magnus Jarlegren sold 975 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $109.92, for a total value of $107,172.00. Following the sale, the insider now directly owns 4,854 shares in the company, valued at approximately $533,551.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Mikael Hagstrom sold 327 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $109.69, for a total transaction of $35,868.63. Following the transaction, the vice president now directly owns 327 shares of the company’s stock, valued at approximately $35,868.63. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,606 shares of company stock valued at $835,205. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Autoliv

A number of hedge funds have recently made changes to their positions in ALV. KRS Capital Management LLC lifted its stake in Autoliv by 3.7% during the first quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock worth $336,000 after purchasing an additional 100 shares in the last quarter. State of Michigan Retirement System raised its holdings in shares of Autoliv by 0.6% in the 1st quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock valued at $2,180,000 after buying an additional 100 shares during the period. Wahed Invest LLC lifted its stake in Autoliv by 8.5% during the 3rd quarter. Wahed Invest LLC now owns 1,339 shares of the auto parts company’s stock worth $129,000 after acquiring an additional 105 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Autoliv by 1.1% during the 4th quarter. Corient Private Wealth LLC now owns 9,490 shares of the auto parts company’s stock valued at $1,046,000 after acquiring an additional 107 shares during the period. Finally, Rise Advisors LLC grew its position in Autoliv by 84.1% in the 4th quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

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.