Buckingham Research upgraded shares of Autoliv, Inc. (NYSE:ALV) from an underperform rating to a neutral rating in a report released on Friday, September 15th, Marketbeat reports. They currently have $114.00 target price on the auto parts company’s stock, up from their prior target price of $87.00.
A number of other brokerages also recently commented on ALV. Mizuho lifted their target price on shares of Autoliv from $130.00 to $140.00 and gave the stock a buy rating in a research note on Friday, September 15th. BidaskClub downgraded shares of Autoliv from a strong-buy rating to a buy rating in a research note on Wednesday, June 21st. Bank of America Corporation reduced their price target on shares of Autoliv from $85.00 to $84.00 and set a neutral rating on the stock in a research note on Tuesday, July 25th. Royal Bank Of Canada reissued a hold rating and issued a $98.00 price target on shares of Autoliv in a research note on Thursday, July 6th. Finally, Jefferies Group LLC reissued a buy rating and issued a $119.00 price target on shares of Autoliv in a research note on Friday, June 16th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $112.29.
Autoliv (ALV) opened at 123.60 on Friday. Autoliv has a 12-month low of $93.31 and a 12-month high of $127.72. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 19.53 and a beta of 1.12. The stock has a 50 day moving average price of $109.98 and a 200 day moving average price of $107.14.
Autoliv (NYSE:ALV) last issued its earnings results on Friday, July 21st. The auto parts company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $2.57 billion. During the same period last year, the firm earned $1.75 earnings per share. Autoliv’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts expect that Autoliv will post $6.23 EPS for the current year.
The business also recently disclosed 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 of this dividend is Tuesday, November 21st. This represents a $2.40 annualized dividend and a dividend yield of 1.94%. Autoliv’s dividend payout ratio is presently 37.97%.
In other news, VP Thomas Jonsson sold 1,240 shares of the business’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 completion of the sale, the vice president now owns 2,311 shares in the company, valued at approximately $250,859.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in ALV. Toronto Dominion Bank raised its position in Autoliv by 26.9% in the 1st quarter. Toronto Dominion Bank now owns 971 shares of the auto parts company’s stock valued at $100,000 after purchasing an additional 206 shares during the last quarter. Victory Capital Management Inc. raised its position in Autoliv by 43.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock valued at $149,000 after purchasing an additional 414 shares during the last quarter. Teachers Advisors LLC raised its position in Autoliv by 288.3% in the 2nd quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock valued at $156,000 after purchasing an additional 1,058 shares during the last quarter. Pacer Advisors Inc. raised its position in Autoliv by 3.2% in the 1st quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock valued at $184,000 after purchasing an additional 55 shares during the last quarter. Finally, IHT Wealth Management LLC raised its position in Autoliv by 34.8% in the 1st quarter. IHT Wealth Management LLC now owns 1,937 shares of the auto parts company’s stock valued at $188,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other 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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