Autoliv, Inc. (ALV) Receives Consensus Rating of “Hold” from Brokerages
Shares of Autoliv, Inc. (NYSE:ALV) have been given a consensus recommendation of “Hold” by the nineteen research firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $104.09.
Several research analysts have issued reports on ALV shares. Mizuho raised Autoliv from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $108.00 to $130.00 in a report on Monday, July 17th. Royal Bank Of Canada reduced their price objective on Autoliv from $100.00 to $98.00 and set a “sector perform” rating on the stock in a report on Monday, July 24th. Morgan Stanley raised Autoliv from an “equal weight” rating to an “overweight” rating and set a $120.00 price objective on the stock in a report on Wednesday, May 24th. BidaskClub raised Autoliv from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research downgraded Autoliv from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd.
In other Autoliv news, Director Robert W. Alspaugh sold 1,156 shares of the company’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $109.87, for a total transaction of $127,009.72. Following the completion of the sale, the director now owns 3,800 shares in the company, valued at approximately $417,506. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas Jonsson sold 1,240 shares of the company’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 of the company’s stock, valued at approximately $250,859.05. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank boosted its stake in 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 in the last quarter. Creative Planning boosted its stake in 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 in the last quarter. Victory Capital Management Inc. boosted its stake in Autoliv by 43.9% in the second quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock worth $149,000 after buying an additional 414 shares in the last quarter. Teachers Advisors LLC boosted its stake in Autoliv by 288.3% in the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after buying an additional 1,058 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in 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 in the last quarter. Institutional investors and hedge funds own 35.37% of the company’s stock.
Autoliv (NYSE ALV) traded down 1.048% during mid-day trading on Tuesday, reaching $108.085. The company had a trading volume of 106,297 shares. The stock has a market capitalization of $9.39 billion, a price-to-earnings ratio of 17.075 and a beta of 1.13. The company’s 50 day moving average is $111.00 and its 200 day moving average is $106.46. Autoliv has a 52-week low of $93.31 and a 52-week high of $117.54.
Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 21st. The auto parts company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.48 by $0.04. The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.75 earnings per share. Equities analysts predict that Autoliv will post $6.22 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Tuesday, November 21st. Autoliv’s payout ratio is 37.97%.
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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