Autoliv (NYSE:ALV) Hits New 12-Month High – What’s Next?

Autoliv, Inc. (NYSE:ALV) hit a new 52-week high on Wednesday . The stock traded as high as $130.15 and last traded at $129.48, with a volume of 142216 shares trading hands. The stock had previously closed at $127.26.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ALV shares. Weiss Ratings downgraded shares of Autoliv from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Royal Bank Of Canada increased their target price on shares of Autoliv from $137.00 to $138.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Wall Street Zen downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Robert W. Baird boosted their price target on shares of Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Finally, Bank of America started coverage on shares of Autoliv in a report on Thursday, April 16th. They issued a “buy” rating and a $140.00 price target on the stock. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.00.

Autoliv Stock Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.82 and a current ratio of 1.08. The company has a market cap of $9.71 billion, a PE ratio of 13.96, a PEG ratio of 0.87 and a beta of 1.31. The business’s 50-day moving average is $113.58 and its 200 day moving average is $117.91.

Autoliv (NYSE:ALV) last issued its earnings results on Saturday, April 18th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.21. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business earned $2.15 earnings per share. On average, equities research analysts predict that Autoliv, Inc. will post 10.53 EPS for the current fiscal year.

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $3.48 annualized dividend and a yield of 2.7%. Autoliv’s dividend payout ratio (DPR) is currently 37.42%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in shares of Autoliv during the fourth quarter valued at approximately $125,609,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Autoliv by 127,512.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 579,360 shares of the auto parts company’s stock valued at $68,770,000 after buying an additional 578,906 shares during the period. LSV Asset Management lifted its holdings in shares of Autoliv by 54.9% during the 3rd quarter. LSV Asset Management now owns 1,579,687 shares of the auto parts company’s stock valued at $195,091,000 after buying an additional 559,605 shares during the period. AQR Capital Management LLC boosted its stake in shares of Autoliv by 151.7% in the 3rd quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock worth $114,077,000 after buying an additional 556,651 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new position in shares of Autoliv in the 4th quarter worth $44,689,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

About Autoliv

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.