BidaskClub lowered shares of Autoliv, Inc. (NYSE:ALV) from a strong-buy rating to a buy rating in a research report released on Tuesday, July 25th.
A number of other analysts have also weighed in on ALV. Jefferies Group LLC set a $108.00 price objective on shares of Autoliv and gave the stock a hold rating in a research note on Sunday, April 30th. Royal Bank Of Canada cut their price objective on shares of Autoliv from $100.00 to $98.00 and set a sector perform rating on the stock in a research note on Monday, July 24th. Guggenheim began coverage on shares of Autoliv in a research note on Wednesday, June 21st. They issued a neutral rating and a $102.00 price objective on the stock. Mizuho upgraded shares of Autoliv from a neutral rating to a buy rating and increased their price objective for the stock from $108.00 to $130.00 in a research note on Monday, July 17th. Finally, Morgan Stanley upgraded shares of Autoliv from an equal weight rating to an overweight rating and set a $120.00 price objective on the stock in a research note on Wednesday, May 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $105.32.
Shares of Autoliv (NYSE:ALV) traded up 0.18% during midday trading on Tuesday, hitting $107.20. 304,022 shares of the stock were exchanged. Autoliv has a 12 month low of $93.31 and a 12 month high of $117.54. The firm’s 50-day moving average is $110.99 and its 200-day moving average is $106.63. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of 16.94 and a beta of 1.13.
Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.48 by $0.04. The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.75 EPS. Equities research analysts predict 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. Stockholders of record on Wednesday, August 23rd will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $2.40 annualized dividend and a dividend yield of 2.24%. Autoliv’s dividend payout ratio (DPR) is 37.97%.
In other news, VP Thomas Jonsson sold 1,240 shares of Autoliv stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total value of $134,602.00. Following the sale, the vice president now owns 2,311 shares in the company, valued at $250,859.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Alspaugh sold 1,156 shares of Autoliv stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $109.87, for a total transaction of $127,009.72. Following the completion of the sale, the director now owns 3,800 shares in the company, valued at approximately $417,506. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of ALV. Toronto Dominion Bank increased its position in 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 increased its position in 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. increased its position in 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 increased its position in 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. increased its position in 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. 32.97% of the stock is currently owned by hedge funds and other institutional investors.
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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