Autoliv, Inc. (ALV) Sees Unusually-High Trading Volume Following Analyst Upgrade

Autoliv, Inc. (NYSE:ALV) saw unusually-high trading volume on Friday after KeyCorp raised their price target on the stock from $124.00 to $136.00. KeyCorp currently has an overweight rating on the stock. Approximately 717,351 shares traded hands during trading, an increase of 56% from the previous session’s volume of 458,598 shares.The stock last traded at $126.15 and had previously closed at $127.15.

ALV has been the topic of a number of other research reports. Wells Fargo & Company restated an “outperform” rating and set a $110.50 price target on shares of Autoliv in a research note on Wednesday, June 28th. BidaskClub lowered shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Royal Bank Of Canada restated a “hold” rating and set a $100.00 price target on shares of Autoliv in a research note on Tuesday, August 29th. CLSA initiated coverage on shares of Autoliv in a research note on Thursday, June 22nd. They set a “hold” rating and a $102.00 price target on the stock. Finally, Guggenheim initiated coverage on shares of Autoliv in a research note on Wednesday, June 21st. They set a “neutral” rating and a $102.00 price target on the stock. 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 stock. Autoliv presently has an average rating of “Hold” and an average price target of $109.20.

In related news, VP Thomas Jonsson sold 1,240 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total transaction of $134,602.00. Following the sale, the vice president now owns 2,311 shares in the company, valued at $250,859.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.25% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in ALV. Toronto Dominion Bank grew its position in Autoliv by 26.9% during 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 during the period. Victory Capital Management Inc. grew its position in Autoliv by 43.9% during 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 during the period. Teachers Advisors LLC grew its position in Autoliv by 288.3% during 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 during the period. Pacer Advisors Inc. grew its position in Autoliv by 3.2% during 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 during the period. Finally, IHT Wealth Management LLC grew its position in Autoliv by 34.8% during the first quarter. IHT Wealth Management LLC now owns 1,937 shares of the auto parts company’s stock valued at $188,000 after buying an additional 500 shares during the period. Institutional investors own 34.76% of the company’s stock.

The company’s 50 day moving average is $109.21 and its 200-day moving average is $106.86. The stock has a market cap of $10.90 billion, a P/E ratio of 19.82 and a beta of 1.12.

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 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 company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the company earned $1.75 earnings per share. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. Equities research analysts expect that Autoliv, Inc. will post $6.22 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be paid 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 1.91%. Autoliv’s dividend payout ratio (DPR) is presently 37.97%.

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About Autoliv

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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