Autoliv, Inc. (ALV) Receives Average Recommendation of “Hold” from Analysts
Autoliv, Inc. (NYSE:ALV) has received a consensus recommendation of “Hold” from the twenty-five analysts that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $112.05.
ALV has been the subject of a number of research analyst reports. ValuEngine cut Autoliv from a “buy” rating to a “hold” rating in a report on Monday. Cowen and Company assumed coverage on shares of Autoliv in a report on Monday, September 25th. They issued a “market perform” rating and a $120.00 price objective on the stock. Robert W. Baird restated a “hold” rating on shares of Autoliv in a report on Thursday, September 21st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $145.00 target price (up previously from $125.00) on shares of Autoliv in a research report on Thursday, September 21st. They noted that the move was a valuation call. Finally, Evercore ISI reaffirmed an “underperform” rating and issued a $100.00 target price (up previously from $85.00) on shares of Autoliv in a research report on Monday, September 18th.
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 value of $134,602.00. Following the sale, the vice president now owns 2,311 shares of the company’s stock, valued at $250,859.05. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Autoliv by 2,592.0% during the first quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock worth $277,583,000 after purchasing an additional 2,613,635 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Autoliv by 915.3% during the 2nd quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock worth $244,927,000 after buying an additional 2,010,970 shares during the last quarter. FMR LLC lifted its position in shares of Autoliv by 7.3% during the 2nd quarter. FMR LLC now owns 1,821,095 shares of the auto parts company’s stock worth $199,956,000 after buying an additional 123,781 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Autoliv by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,400,499 shares of the auto parts company’s stock worth $153,774,000 after buying an additional 24,364 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Autoliv by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 813,363 shares of the auto parts company’s stock worth $89,305,000 after buying an additional 85,971 shares during the last quarter. Institutional investors own 32.76% of the company’s stock.
Autoliv (NYSE ALV) opened at 123.99 on Wednesday. The company has a market capitalization of $10.78 billion, a P/E ratio of 19.59 and a beta of 1.14. Autoliv has a one year low of $93.31 and a one year high of $127.72. The company’s 50-day moving average is $114.45 and its 200 day moving average is $108.63.
Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.04). The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.75 earnings per share. On average, equities analysts anticipate that Autoliv will post $6.23 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Tuesday, November 21st. Autoliv’s dividend payout ratio is presently 37.97%.
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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