Autoliv, Inc. (ALV) Rating Increased to Hold at Pareto Securities
Autoliv, Inc. (NYSE:ALV) was upgraded by equities researchers at Pareto Securities from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, The Fly reports.
A number of other equities research analysts have also issued reports on ALV. Citigroup Inc. raised their price target on shares of Autoliv from $105.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday. Mizuho raised their price target on shares of Autoliv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday. ValuEngine raised shares of Autoliv from a “hold” rating to a “buy” rating in a report on Friday. Wells Fargo & Company raised their price target on shares of Autoliv from $10.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday. They noted that the move was a valuation call. Finally, Buckingham Research raised shares of Autoliv from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $87.00 to $114.00 in a report on Friday. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $109.20.
Autoliv (ALV) traded down 1.34% during trading on Friday, reaching $125.45. 1,409,311 shares of the company traded hands. Autoliv has a 12-month low of $93.31 and a 12-month high of $127.72. The firm has a market capitalization of $10.90 billion, a price-to-earnings ratio of 19.82 and a beta of 1.12. The firm’s 50 day moving average price is $108.74 and its 200 day moving average price is $106.71.
Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.57 billion. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. Autoliv’s revenue was down 1.3% on a year-over-year basis. During the same period last year, the business earned $1.75 EPS. Equities research analysts expect that Autoliv will post $6.22 earnings per share for the current year.
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In other news, VP Thomas Jonsson sold 1,240 shares of Autoliv stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.
Several hedge funds have recently made changes to their positions in ALV. BlackRock Inc. grew 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 worth $277,583,000 after acquiring an additional 2,613,635 shares during the period. Principal Financial Group Inc. grew its stake in shares of Autoliv by 915.3% in the second quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock worth $244,927,000 after acquiring an additional 2,010,970 shares during the period. Dimensional Fund Advisors LP grew 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 worth $74,375,000 after acquiring an additional 296,818 shares during the period. Alliancebernstein L.P. grew 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 worth $31,242,000 after acquiring an additional 292,047 shares during the period. Finally, Edge Asset Management Inc. grew 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 worth $175,802,000 after acquiring an additional 232,363 shares during the period. Hedge funds and other institutional investors own 34.76% 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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