Autoliv, Inc. (ALV) Receives Average Rating of “Hold” from Analysts
Shares of Autoliv, Inc. (NYSE:ALV) have earned a consensus recommendation of “Hold” from the twenty brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $105.85.
ALV has been the subject of a number of recent research reports. Royal Bank Of Canada upgraded Autoliv from an “underperform” rating to a “sector perform” rating and increased their price objective for the company from $94.00 to $99.00 in a research report on Friday, March 24th. Zacks Investment Research lowered Autoliv from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Barclays PLC reduced their target price on Autoliv from $88.00 to $86.00 and set an “underweight” rating for the company in a report on Monday, May 1st. Wells Fargo & Company restated an “outperform” rating and issued a $110.50 target price on shares of Autoliv in a report on Wednesday, June 28th. Finally, Morgan Stanley upgraded Autoliv from an “equal weight” rating to an “overweight” rating and set a $120.00 target price for the company in a report on Wednesday, May 24th.
In other 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 value of $127,009.72. Following the transaction, the director now directly owns 3,800 shares of the company’s stock, valued at $417,506. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Svante Mogefors sold 6,738 shares of the company’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $102.46, for a total transaction of $690,375.48. Following the completion of the transaction, the vice president now directly owns 17,269 shares in the company, valued at $1,769,381.74. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
A number of institutional investors have recently bought and sold shares of ALV. Toronto Dominion Bank increased its position in Autoliv by 26.9% in the first quarter. Toronto Dominion Bank now owns 971 shares of the auto parts company’s stock valued at $100,000 after buying an additional 206 shares during the last quarter. Creative Planning increased 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 valued at $125,000 after buying an additional 4 shares during the last quarter. Pacer Advisors Inc. increased 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 valued at $184,000 after buying an additional 55 shares during the last quarter. IHT Wealth Management LLC increased its position in Autoliv by 34.8% in the first quarter. IHT Wealth Management LLC now owns 1,937 shares of the auto parts company’s stock valued at $188,000 after buying an additional 500 shares during the last quarter. Finally, Global X Management Co. LLC increased its position in Autoliv by 31.6% in the first quarter. Global X Management Co. LLC now owns 2,030 shares of the auto parts company’s stock valued at $208,000 after buying an additional 488 shares during the last quarter. 32.16% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Autoliv (NYSE ALV) traded down 7.701% during midday trading on Friday, hitting $106.965. The stock had a trading volume of 1,848,605 shares. Autoliv has a 12-month low of $93.31 and a 12-month high of $117.54. The company’s 50-day moving average price is $112.68 and its 200-day moving average price is $107.14. The firm has a market cap of $9.45 billion, a price-to-earnings ratio of 16.381 and a beta of 1.14.
Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by $0.04. Autoliv had a net margin of 5.60% and a return on equity of 14.78%. The company 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 posted $1.75 EPS. Autoliv’s revenue was down 1.3% on a year-over-year basis. Equities research analysts forecast that Autoliv will post $6.33 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders 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 2.07%. The ex-dividend date is Monday, August 21st. Autoliv’s dividend payout ratio (DPR) is presently 36.75%.
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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