Several other equities research analysts have also commented on the stock. Royal Bank Of Canada reiterated a hold rating and issued a $100.00 price objective on shares of Autoliv in a research note on Tuesday, August 29th. Mizuho upgraded shares of Autoliv from a neutral rating to a buy rating and increased their price objective for the company from $108.00 to $130.00 in a research note on Monday, July 17th. Buckingham Research upgraded shares of Autoliv from an underperform rating to a neutral rating and increased their price objective for the company from $87.00 to $114.00 in a research note on Friday. Wells Fargo & Company increased their price objective on shares of Autoliv to $140.00 and gave the company an outperform rating in a research note on Friday. They noted that the move was a valuation call. Finally, Morgan Stanley upgraded shares of Autoliv from an equal weight rating to an overweight rating and set a $120.00 price objective for the company in a research note on Wednesday, May 24th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $109.20.
Autoliv (ALV) traded down 1.34% during trading on Friday, reaching $125.45. The company had a trading volume of 1,409,311 shares. The company has a 50-day moving average price of $109.21 and a 200 day moving average price of $106.86. The company has a market capitalization of $10.90 billion, a price-to-earnings ratio of 19.82 and a beta of 1.12. Autoliv has a one year low of $93.31 and a one year high of $127.72.
Autoliv (NYSE:ALV) last posted its earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the Zacks’ 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 during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the company earned $1.75 EPS. The company’s revenue was down 1.3% on a year-over-year basis. Analysts expect that Autoliv will post $6.22 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, November 21st. Autoliv’s dividend payout ratio (DPR) is presently 37.97%.
In related news, VP Thomas Jonsson sold 1,240 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total value of $134,602.00. Following the completion of the transaction, the vice president now directly owns 2,311 shares of the company’s stock, valued at approximately $250,859.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.25% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALV. Strs Ohio boosted its holdings in Autoliv by 6.4% in the 1st quarter. Strs Ohio now owns 10,668 shares of the auto parts company’s stock worth $1,090,000 after buying an additional 637 shares during the period. Russell Investments Group Ltd. boosted its holdings in Autoliv by 10.3% in the 1st quarter. Russell Investments Group Ltd. now owns 10,754 shares of the auto parts company’s stock worth $1,100,000 after buying an additional 1,007 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Autoliv by 356.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 23,398 shares of the auto parts company’s stock worth $2,393,000 after buying an additional 18,275 shares during the period. Great West Life Assurance Co. Can boosted its holdings in Autoliv by 1.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 53,382 shares of the auto parts company’s stock worth $5,450,000 after buying an additional 980 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Autoliv by 4.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,627 shares of the auto parts company’s stock worth $984,000 after buying an additional 400 shares during the period. 34.76% of the stock is owned by institutional investors.
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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