BMO Capital Markets restated their outperform rating on shares of Autoliv, Inc. (NYSE:ALV) in a research report released on Wednesday. They currently have a $121.00 price target on the auto parts company’s stock.
A number of other brokerages have also recently issued reports on ALV. Mizuho raised shares of Autoliv from a neutral rating to a buy rating and increased their target price for the company from $108.00 to $130.00 in a report on Monday, July 17th. Royal Bank Of Canada reaffirmed a hold rating and issued a $98.00 target price on shares of Autoliv in a report on Thursday, July 6th. BidaskClub raised shares of Autoliv from a buy rating to a strong-buy rating in a report on Thursday, July 6th. Jefferies Group LLC reaffirmed a buy rating and issued a $119.00 target price on shares of Autoliv in a report on Friday, June 16th. Finally, Bank of America Corporation dropped their target price on shares of Autoliv from $85.00 to $84.00 and set a neutral rating for the company in a report on Tuesday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. Autoliv currently has a consensus rating of Hold and a consensus target price of $105.75.
Autoliv (NYSE ALV) traded down 0.23% during midday trading on Wednesday, reaching $108.82. The company had a trading volume of 300,829 shares. The stock has a market capitalization of $9.46 billion, a PE ratio of 17.19 and a beta of 1.14. The firm’s 50 day moving average is $111.93 and its 200 day moving average is $106.99. Autoliv has a 1-year low of $93.31 and a 1-year high of $117.54.
Autoliv (NYSE:ALV) last issued its earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.48 by $0.04. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period last year, the business posted $1.75 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, equities analysts anticipate that Autoliv will post $6.22 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 23rd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $2.40 dividend on an annualized basis and a yield of 2.21%. Autoliv’s dividend payout ratio (DPR) is currently 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Svante Mogefors sold 6,738 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $102.46, for a total transaction of $690,375.48. Following the sale, the vice president now owns 17,269 shares in the company, valued at approximately $1,769,381.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,134 shares of company stock worth $951,987. 0.25% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank raised its stake in shares of Autoliv by 26.9% in the first quarter. Toronto Dominion Bank now owns 971 shares of the auto parts company’s stock worth $100,000 after buying an additional 206 shares during the period. Creative Planning raised its stake 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 worth $125,000 after buying an additional 4 shares during the period. Pacer Advisors Inc. raised its stake in shares of Autoliv by 3.2% in the first quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock worth $184,000 after buying an additional 55 shares during the period. IHT Wealth Management LLC raised its stake in shares of Autoliv by 34.8% in the first quarter. IHT Wealth Management LLC now owns 1,937 shares of the auto parts company’s stock worth $188,000 after buying an additional 500 shares during the period. Finally, Global X Management Co. LLC raised its stake in shares of Autoliv by 31.6% in the first quarter. Global X Management Co. LLC now owns 2,030 shares of the auto parts company’s stock worth $208,000 after buying an additional 488 shares during the period. Hedge funds and other institutional investors own 32.17% 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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