Autoliv, Inc. (ALV) Releases Earnings Results
Autoliv, Inc. (NYSE:ALV) issued its earnings results on Friday. The auto parts company reported $1.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.48 by $0.04, MarketWatch Earnings reports. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a return on equity of 14.78% and a net margin of 5.60%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period last year, the company posted $1.75 earnings per share.
Shares of Autoliv (ALV) traded down 8.35% during trading on Friday, reaching $106.21. 1,438,455 shares of the company were exchanged. The stock has a 50-day moving average of $112.68 and a 200 day moving average of $107.14. The stock has a market capitalization of $9.38 billion, a P/E ratio of 16.26 and a beta of 1.14. Autoliv has a 52-week low of $93.31 and a 52-week high of $117.54.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 23rd will be given a $0.60 dividend. The ex-dividend date is Monday, August 21st. This represents a $2.40 dividend on an annualized basis and a yield of 2.07%. Autoliv’s dividend payout ratio is presently 36.75%.
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A number of analysts have weighed in on the stock. Mizuho raised shares of Autoliv from a “neutral” rating to a “buy” rating and increased their target price for the stock from $108.00 to $130.00 in a report on Monday. BidaskClub raised shares of Autoliv from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Royal Bank Of Canada reissued a “hold” rating and set a $98.00 target price on shares of Autoliv in a report on Thursday, July 6th. Wells Fargo & Company reissued an “outperform” rating and set a $110.50 target price on shares of Autoliv in a report on Wednesday, June 28th. Finally, CLSA initiated coverage on shares of Autoliv in a report on Thursday, June 22nd. They set a “hold” rating and a $102.00 target price on the stock. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $106.92.
In other Autoliv news, Director Robert W. Alspaugh sold 1,156 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $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 business’s stock in a transaction that occurred on 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 owns 17,269 shares in the company, valued at approximately $1,769,381.74. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in ALV. Strs Ohio raised its position in Autoliv by 6.4% in the first quarter. Strs Ohio now owns 10,668 shares of the auto parts company’s stock worth $1,090,000 after buying an additional 637 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Autoliv by 5.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,353 shares of the auto parts company’s stock valued at $225,000 after buying an additional 127 shares during the period. Candriam Luxembourg S.C.A. raised its stake in Autoliv by 33.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 5,526 shares of the auto parts company’s stock valued at $565,000 after buying an additional 1,384 shares during the period. State of Alaska Department of Revenue bought a new stake in Autoliv during the first quarter valued at about $385,000. Finally, DnB Asset Management AS raised its stake in Autoliv by 8.2% in the first quarter. DnB Asset Management AS now owns 17,152 shares of the auto parts company’s stock valued at $1,754,000 after buying an additional 1,300 shares during the period. Institutional investors own 32.16% 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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