Several other analysts have also weighed in on ALV. Morgan Stanley raised Autoliv from an equal weight rating to an overweight rating and set a $120.00 price objective on the stock in a report on Wednesday, May 24th. Jefferies Group LLC reaffirmed a buy rating and issued a $119.00 price target on shares of Autoliv in a research note on Friday, June 16th. Guggenheim assumed coverage on Autoliv in a research note on Wednesday, June 21st. They issued a neutral rating and a $102.00 price target on the stock. BidaskClub lowered Autoliv from a strong-buy rating to a buy rating in a research note on Wednesday, June 21st. Finally, CLSA assumed coverage on Autoliv in a research note on Thursday, June 22nd. They issued a hold rating and a $102.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $111.90.
Autoliv (NYSE:ALV) traded up 0.40% during trading on Thursday, hitting $124.93. The stock had a trading volume of 257,564 shares. Autoliv has a 52 week low of $93.31 and a 52 week high of $127.72. The firm has a market cap of $10.86 billion, a PE ratio of 19.74 and a beta of 1.12. The company’s 50-day moving average is $109.98 and its 200 day moving average is $107.14.
Autoliv (NYSE:ALV) last announced its quarterly earnings data 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). Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the business posted $1.75 EPS. Autoliv’s revenue for the quarter was down 1.3% compared to the same quarter last year. Equities analysts expect that Autoliv will post $6.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, November 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.96%. Autoliv’s payout ratio is currently 37.97%.
In other news, VP Thomas Jonsson sold 1,240 shares of the business’s 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 $250,859.05. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.25% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Autoliv by 2,592.0% during the first quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock worth $277,583,000 after acquiring an additional 2,613,635 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Autoliv by 915.3% during the second quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock worth $244,927,000 after acquiring an additional 2,010,970 shares during the last quarter. FMR LLC raised its position in shares of Autoliv by 7.3% during the second quarter. FMR LLC now owns 1,821,095 shares of the auto parts company’s stock worth $199,956,000 after acquiring an additional 123,781 shares during the last quarter. Edge Asset Management Inc. raised its position in shares of Autoliv by 15.6% during 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 acquiring an additional 232,363 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Autoliv by 1.8% during the second quarter. Vanguard Group Inc. now owns 1,400,499 shares of the auto parts company’s stock worth $153,774,000 after acquiring an additional 24,364 shares during the last quarter. Institutional investors own 32.76% of the company’s stock.
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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