Shares of Autoliv, Inc. (NYSE:ALV) have received a consensus recommendation of “Hold” from the nineteen research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $104.09.
ALV has been the topic of a number of recent analyst reports. Royal Bank Of Canada reissued a “hold” rating and set a $99.00 target price on shares of Autoliv in a report on Friday, April 28th. Barclays PLC decreased their target price on Autoliv from $88.00 to $86.00 and set an “underweight” rating on the stock in a report on Monday, May 1st. Jefferies Group LLC set a $108.00 target price on Autoliv and gave the stock a “hold” rating in a report on Sunday, April 30th. Zacks Investment Research downgraded Autoliv from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Finally, Morgan Stanley upgraded Autoliv from an “equal weight” rating to an “overweight” rating and set a $120.00 price target for the company in a research note on Wednesday, May 24th.
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In related news, Director Robert W. Alspaugh sold 1,156 shares of the company’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $109.87, for a total transaction of $127,009.72. Following the sale, the director now owns 3,800 shares in the company, valued at approximately $417,506. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas Jonsson sold 1,240 shares of the company’s 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 approximately $250,859.05. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in shares of Autoliv during the fourth quarter valued at about $1,104,000. Comerica Bank raised its position in shares of Autoliv by 12.6% in the fourth quarter. Comerica Bank now owns 5,150 shares of the auto parts company’s stock valued at $598,000 after buying an additional 578 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Autoliv during the fourth quarter valued at about $2,946,000. Macquarie Group Ltd. raised its position in shares of Autoliv by 2,057.6% in the fourth quarter. Macquarie Group Ltd. now owns 60,414 shares of the auto parts company’s stock valued at $6,836,000 after buying an additional 57,614 shares during the last quarter. Finally, Creative Planning raised its position 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 during the last quarter. Institutional investors and hedge funds own 32.97% of the company’s stock.
Shares of Autoliv (ALV) opened at 107.01 on Friday. The firm has a market capitalization of $9.30 billion, a PE ratio of 16.91 and a beta of 1.13. Autoliv has a 52-week low of $93.31 and a 52-week high of $117.54. The company has a 50 day moving average of $111.03 and a 200 day moving average of $106.67.
Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by $0.04. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period last year, the firm earned $1.75 EPS. On average, analysts anticipate that Autoliv will post $6.22 earnings per share for the current fiscal year.
The business also recently declared 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. 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 payout ratio is 37.97%.
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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