Jefferies Group Analysts Increase Earnings Estimates for Autoliv, Inc. (ALV)
Autoliv, Inc. (NYSE:ALV) – Investment analysts at Jefferies Group boosted their FY2020 earnings estimates for Autoliv in a report issued on Wednesday. Jefferies Group analyst A. Kurian now expects that the auto parts company will post earnings of $9.76 per share for the year, up from their previous forecast of $8.78. Jefferies Group currently has a “Buy” rating and a $119.00 price target on the stock.
Several other brokerages also recently issued reports on ALV. Zacks Investment Research raised Autoliv from a “sell” rating to a “hold” rating in a research note on Tuesday, March 21st. Wells Fargo & Company upgraded Autoliv from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 5th. Royal Bank Of Canada upgraded Autoliv from an “underperform” rating to a “sector perform” rating and increased their target price for the company from $94.00 to $99.00 in a research note on Friday, March 24th. BidaskClub downgraded Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Guggenheim initiated coverage on Autoliv in a research report on Wednesday, June 21st. They issued a “neutral” rating and a $102.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $106.08.
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Autoliv (NYSE ALV) traded up 0.05% during midday trading on Monday, reaching $116.74. The company’s stock had a trading volume of 32,298 shares. Autoliv has a 1-year low of $93.31 and a 1-year high of $116.99. The company’s 50-day moving average price is $109.06 and its 200-day moving average price is $106.75. The company has a market capitalization of $10.31 billion, a price-to-earnings ratio of 17.88 and a beta of 1.14.
Autoliv (NYSE:ALV) last released its earnings results on Friday, April 28th. The auto parts company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.13. Autoliv had a return on equity of 14.78% and a net margin of 5.60%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the company earned $1.66 earnings per share. Autoliv’s quarterly revenue was up 7.3% compared to the same quarter last year.
Several hedge funds have recently added to or reduced their stakes in ALV. BlackRock Inc. boosted its stake in shares of Autoliv by 2,592.0% in the first quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock valued at $277,583,000 after buying an additional 2,613,635 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Autoliv by 68.9% in the first quarter. Dimensional Fund Advisors LP now owns 727,392 shares of the auto parts company’s stock valued at $74,375,000 after buying an additional 296,818 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Autoliv by 2,167.8% in the first quarter. Alliancebernstein L.P. now owns 305,519 shares of the auto parts company’s stock valued at $31,242,000 after buying an additional 292,047 shares during the period. Edge Asset Management Inc. boosted its stake in shares of Autoliv by 15.6% in the first quarter. Edge Asset Management Inc. now owns 1,719,166 shares of the auto parts company’s stock valued at $175,802,000 after buying an additional 232,363 shares during the period. Finally, Alecta Pensionsforsakring Omsesidigt boosted its stake in shares of Autoliv by 1.2% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 8,462,500 shares of the auto parts company’s stock valued at $870,107,000 after buying an additional 100,000 shares during the period. 32.16% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Robert W. Alspaugh sold 1,156 shares of Autoliv stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $109.87, for a total value of $127,009.72. Following the sale, the director now owns 3,800 shares of the company’s stock, valued at $417,506. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Svante Mogefors sold 6,738 shares of Autoliv stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $102.46, for a total value of $690,375.48. Following the completion of the sale, the vice president now directly owns 17,269 shares in the company, valued at approximately $1,769,381.74. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Wednesday, August 23rd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.06%. Autoliv’s dividend payout ratio (DPR) is 36.75%.
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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