Autoliv’s (ALV) Hold Rating Reaffirmed at Royal Bank Of Canada
Royal Bank Of Canada reiterated their hold rating on shares of Autoliv, Inc. (NYSE:ALV) in a report published on Tuesday. Royal Bank Of Canada currently has a $100.00 target price on the auto parts company’s stock.
ALV has been the topic of several other research reports. Mizuho raised shares of Autoliv from a neutral rating to a buy rating and lifted their price objective for the stock from $108.00 to $130.00 in a research note on Monday, July 17th. Morgan Stanley raised shares of Autoliv from an equal weight rating to an overweight rating and set a $120.00 price objective on the stock in a research note on Wednesday, May 24th. BidaskClub raised shares of Autoliv from a buy rating to a strong-buy rating in a research note on Thursday, July 6th. Zacks Investment Research raised shares of Autoliv from a strong sell rating to a hold rating in a research note on Tuesday, May 23rd. Finally, Guggenheim began coverage on shares of Autoliv in a research note on Wednesday, June 21st. They issued a neutral rating and a $102.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Autoliv currently has an average rating of Hold and a consensus price target of $105.44.
Autoliv (ALV) opened at 106.58 on Tuesday. The company has a 50-day moving average of $110.00 and a 200-day moving average of $106.25. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 16.84 and a beta of 1.13. Autoliv has a 52 week low of $93.31 and a 52 week high of $117.54.
Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.75 EPS. Analysts anticipate that Autoliv will post $6.22 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Tuesday, November 21st. Autoliv’s dividend payout ratio 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 completion of the sale, the vice president now directly owns 2,311 shares in the company, valued at $250,859.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.25% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its stake in Autoliv by 4.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 9,627 shares of the auto parts company’s stock valued at $984,000 after buying an additional 400 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in Autoliv by 32.9% in the first quarter. Eqis Capital Management Inc. now owns 7,202 shares of the auto parts company’s stock valued at $736,000 after buying an additional 1,782 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Autoliv by 6.8% in the first quarter. Wedge Capital Management L L P NC now owns 234,169 shares of the auto parts company’s stock valued at $23,946,000 after buying an additional 14,815 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Autoliv by 1.9% in the first quarter. Great West Life Assurance Co. Can now owns 53,382 shares of the auto parts company’s stock valued at $5,450,000 after buying an additional 980 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake 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 valued at $1,341,000 after buying an additional 84 shares in the last quarter. Institutional investors and hedge funds own 34.75% of the company’s stock.
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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