Autoliv, Inc. (NYSE:ALV) had its target price raised by Citigroup Inc. from $105.00 to $129.00 in a research report released on Friday. They currently have a neutral rating on the auto parts company’s stock.
Several other equities analysts also recently weighed in on the company. Wells Fargo & Company reiterated an outperform rating and set a $110.50 target price on shares of Autoliv in a research report on Wednesday, June 28th. Zacks Investment Research upgraded Autoliv from a strong sell rating to a hold rating in a research report on Tuesday, May 23rd. BidaskClub upgraded Autoliv from a buy rating to a strong-buy rating in a research report on Thursday, July 6th. Royal Bank Of Canada reiterated a hold rating and set a $98.00 target price on shares of Autoliv in a research report on Thursday, July 6th. Finally, CLSA initiated coverage on Autoliv in a research report on Thursday, June 22nd. They set a hold rating and a $102.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. Autoliv presently has a consensus rating of Hold and an average price target of $109.20.
Shares of Autoliv (ALV) traded down 1.34% during mid-day trading on Friday, reaching $125.45. 1,409,311 shares of the company traded hands. Autoliv has a 52-week low of $93.31 and a 52-week high of $127.72. The company’s 50 day moving average is $109.21 and its 200 day moving average is $106.86. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 19.82 and a beta of 1.12.
Autoliv (NYSE:ALV) last released its 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). Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the company posted $1.75 earnings per share. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities analysts forecast 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, December 7th. Investors of record on Wednesday, November 22nd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.40 annualized dividend and a dividend yield of 1.91%. Autoliv’s payout ratio is currently 37.97%.
In related news, VP Thomas Jonsson sold 1,240 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total transaction of $134,602.00. Following the sale, the vice president now directly 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 this link. Company insiders own 0.25% of the company’s stock.
Several large investors have recently made changes to their positions in ALV. BlackRock Inc. grew its stake in Autoliv by 2,592.0% during the 1st quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock valued at $277,583,000 after purchasing an additional 2,613,635 shares in the last quarter. Principal Financial Group Inc. grew its stake in Autoliv by 915.3% during the 2nd quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock valued at $244,927,000 after purchasing an additional 2,010,970 shares in the last quarter. FMR LLC grew its stake in Autoliv by 7.3% during the 2nd quarter. FMR LLC now owns 1,821,095 shares of the auto parts company’s stock valued at $199,956,000 after purchasing an additional 123,781 shares in the last quarter. Edge Asset Management Inc. grew its stake in Autoliv by 15.6% during the 1st quarter. Edge Asset Management Inc. now owns 1,719,166 shares of the auto parts company’s stock valued at $175,802,000 after purchasing an additional 232,363 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Autoliv by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,400,499 shares of the auto parts company’s stock valued at $153,774,000 after purchasing an additional 24,364 shares in the last quarter. Institutional investors and hedge funds own 34.76% 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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