Piper Jaffray Companies restated their hold rating on shares of Autoliv, Inc. (NYSE:ALV) in a research note released on Wednesday. The firm currently has a $99.00 price target on the auto parts company’s stock.
Several other brokerages have also commented on ALV. Jefferies Group LLC raised Autoliv from a hold rating to a buy rating and lifted their price objective for the stock from $108.00 to $119.00 in a report on Tuesday, May 9th. BidaskClub lowered Autoliv from a strong-buy rating to a buy rating in a report on Wednesday, June 21st. Royal Bank Of Canada reissued a hold rating and set a $98.00 price target on shares of Autoliv in a report on Thursday, July 6th. Bank of America Corporation cut their price target on Autoliv from $85.00 to $84.00 and set a neutral rating for the company in a report on Tuesday. Finally, CLSA assumed coverage on Autoliv in a report on Thursday, June 22nd. They set a hold rating and a $102.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. Autoliv currently has an average rating of Hold and an average target price of $105.32.
Autoliv (NYSE ALV) opened at 108.71 on Wednesday. The company has a market cap of $9.45 billion, a P/E ratio of 17.17 and a beta of 1.14. Autoliv has a 1-year low of $93.31 and a 1-year high of $117.54. The stock’s 50 day moving average price is $111.62 and its 200 day moving average price is $106.98.
Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by $0.04. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the firm earned $1.75 EPS. The business’s revenue was down 1.3% on a year-over-year basis. On average, equities analysts anticipate that Autoliv will post $6.23 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Wednesday, August 23rd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Monday, August 21st. Autoliv’s dividend payout ratio (DPR) is 37.97%.
In other news, VP Svante Mogefors sold 6,738 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $102.46, for a total value of $690,375.48. Following the completion of the transaction, the vice president now owns 17,269 shares of the company’s stock, valued at $1,769,381.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas Jonsson sold 1,240 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total value of $134,602.00. Following the completion of the transaction, the vice president now directly owns 2,311 shares of the company’s stock, valued at approximately $250,859.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,134 shares of company stock valued at $951,987. Corporate insiders own 0.25% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in ALV. BlackRock Inc. raised its position in Autoliv by 2,592.0% in the first quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock worth $277,583,000 after buying an additional 2,613,635 shares during the period. Dimensional Fund Advisors LP raised its position in Autoliv by 68.9% in the first quarter. Dimensional Fund Advisors LP now owns 727,392 shares of the auto parts company’s stock worth $74,375,000 after buying an additional 296,818 shares during the period. Alliancebernstein L.P. raised its position in Autoliv by 2,167.8% in the first quarter. Alliancebernstein L.P. now owns 305,519 shares of the auto parts company’s stock worth $31,242,000 after buying an additional 292,047 shares during the period. Edge Asset Management Inc. raised its position in Autoliv by 15.6% in the first quarter. Edge Asset Management Inc. now owns 1,719,166 shares of the auto parts company’s stock worth $175,802,000 after buying an additional 232,363 shares during the period. Finally, Alecta Pensionsforsakring Omsesidigt raised its position in Autoliv by 1.2% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 8,462,500 shares of the auto parts company’s stock worth $870,107,000 after buying an additional 100,000 shares during the period. 32.17% of the stock is owned by hedge funds and other institutional investors.
Autoliv Company Profile
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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