Autoliv, Inc. (ALV) Stock Rating Reaffirmed by Piper Jaffray Companies
Piper Jaffray Companies reaffirmed their hold rating on shares of Autoliv, Inc. (NYSE:ALV) in a report published on Wednesday morning. Piper Jaffray Companies currently has a $99.00 price target on the auto parts company’s stock.
A number of other equities research analysts have also recently commented on ALV. Jefferies Group LLC upgraded shares of Autoliv from a hold rating to a buy rating and raised their price target for the stock from $108.00 to $119.00 in a report on Tuesday, May 9th. BidaskClub cut shares of Autoliv from a strong-buy rating to a buy rating in a report on Wednesday, June 21st. Royal Bank Of Canada restated a hold rating and issued a $98.00 price target on shares of Autoliv in a report on Thursday, July 6th. Bank of America Corporation reduced their price target on shares of Autoliv from $85.00 to $84.00 and set a neutral rating for the company in a report on Tuesday, July 25th. Finally, CLSA started coverage on shares of Autoliv in a report on Thursday, June 22nd. They issued a hold rating and a $102.00 price target for the company. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $105.32.
Autoliv (ALV) opened at 108.71 on Wednesday. The stock’s 50 day moving average is $111.62 and its 200-day moving average is $106.98. Autoliv has a 12 month low of $93.31 and a 12 month high of $117.54. The company has a market capitalization of $9.45 billion, a PE ratio of 17.17 and a beta of 1.14.
Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the company earned $1.75 earnings per share. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, analysts expect that Autoliv will post $6.23 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 23rd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Monday, August 21st. Autoliv’s dividend payout ratio (DPR) is 37.97%.
In related news, VP Svante Mogefors sold 6,738 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $102.46, for a total transaction of $690,375.48. Following the transaction, the vice president now directly owns 17,269 shares of the company’s stock, valued at $1,769,381.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas Jonsson sold 1,240 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total transaction of $134,602.00. Following the transaction, the vice president now directly owns 2,311 shares in the company, valued at $250,859.05. The disclosure for this sale can be found here. Insiders have sold 9,134 shares of company stock worth $951,987 over the last three months. 0.25% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALV. Creative Planning raised its position 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 during the last quarter. Pacer Advisors Inc. raised its position 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 during the last quarter. Granahan Investment Management Inc. MA raised its position in Autoliv by 2.5% in the first quarter. Granahan Investment Management Inc. MA now owns 2,839 shares of the auto parts company’s stock worth $290,000 after buying an additional 70 shares during the last quarter. Comerica Bank raised its position in Autoliv by 1.5% in the first quarter. Comerica Bank now owns 5,228 shares of the auto parts company’s stock worth $558,000 after buying an additional 78 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Autoliv by 0.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,114 shares of the auto parts company’s stock worth $1,341,000 after buying an additional 84 shares during the last quarter. 32.17% of the stock is currently 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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