BidaskClub cut shares of Autoliv, Inc. (NYSE:ALV) from a strong-buy rating to a buy rating in a report released on Tuesday, July 25th.
A number of other research analysts have also recently commented on ALV. Wells Fargo & Company raised Autoliv from a market perform rating to an outperform rating in a research note on Wednesday, April 5th. Royal Bank Of Canada reaffirmed a hold rating and set a $99.00 target price on shares of Autoliv in a research note on Friday, April 28th. Barclays PLC cut their target price on Autoliv from $88.00 to $86.00 and set an underweight rating on the stock in a research note on Monday, May 1st. Jefferies Group LLC set a $108.00 price objective on Autoliv and gave the stock a hold rating in a research note on Sunday, April 30th. Finally, Zacks Investment Research cut Autoliv from a hold rating to a sell rating in a research note on Wednesday, May 3rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $105.32.
Shares of Autoliv (ALV) traded up 0.18% during midday trading on Tuesday, hitting $107.20. The stock had a trading volume of 304,022 shares. Autoliv has a 52-week low of $93.31 and a 52-week high of $117.54. The company’s 50 day moving average is $110.99 and its 200 day moving average is $106.63. The company has a market cap of $9.32 billion, a PE ratio of 16.94 and a beta of 1.13.
Autoliv (NYSE:ALV) last released its earnings results on Friday, July 21st. The auto parts company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by $0.04. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.57 billion. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.75 EPS. On average, analysts anticipate that Autoliv will post $6.22 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 23rd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $2.40 dividend on an annualized basis and a yield of 2.24%. Autoliv’s dividend payout ratio is currently 37.97%.
In other news, VP Thomas Jonsson sold 1,240 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total transaction of $134,602.00. Following the completion of the sale, the vice president now owns 2,311 shares in the company, valued at approximately $250,859.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert W. Alspaugh sold 1,156 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $109.87, for a total value of $127,009.72. Following the sale, the director now owns 3,800 shares of the company’s stock, valued at approximately $417,506. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank raised its stake in shares of Autoliv by 26.9% in the first quarter. Toronto Dominion Bank now owns 971 shares of the auto parts company’s stock valued at $100,000 after buying an additional 206 shares in the last quarter. Creative Planning raised its stake in shares of Autoliv by 0.3% in the first quarter. Creative Planning now owns 1,220 shares of the auto parts company’s stock valued at $125,000 after buying an additional 4 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Autoliv by 43.9% in the second quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock valued at $149,000 after buying an additional 414 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Autoliv by 288.3% in the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock valued at $156,000 after buying an additional 1,058 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Autoliv by 3.2% in the first quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock valued at $184,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 32.97% of the company’s stock.
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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