Autoliv Sees Unusually High Options Volume (ALV)
Autoliv Inc. (NYSE:ALV) was the target of unusually large options trading on Friday. Traders purchased 1,066 call options on the company. This represents an increase of 1,084% compared to the average daily volume of 90 call options.
In related news, insider Johan Lofvenholm sold 3,965 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $128.00, for a total transaction of $507,520.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank lifted its position in shares of Autoliv by 11.7% in the second quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock valued at $119,000 after buying an additional 114 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Autoliv by 43.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock worth $149,000 after purchasing an additional 414 shares during the last quarter. Teachers Advisors LLC lifted its holdings in Autoliv by 288.3% during the 2nd quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 1,058 shares during the last quarter. ARP Americas LLC acquired a new stake in Autoliv during the 3rd quarter worth approximately $235,000. Finally, JPMorgan Chase & Co. lifted its holdings in Autoliv by 9.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock worth $210,000 after purchasing an additional 171 shares during the last quarter. 33.42% of the stock is owned by institutional investors.
Autoliv (NYSE:ALV) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.14. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the firm posted $1.63 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. sell-side analysts anticipate that Autoliv will post 6.27 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd will be given a $0.60 dividend. The ex-dividend date is Wednesday, February 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.76%. Autoliv’s payout ratio is 41.38%.
A number of research analysts have weighed in on the company. Guggenheim restated a “hold” rating and issued a $135.00 price target on shares of Autoliv in a research note on Wednesday, January 10th. Robert W. Baird restated a “hold” rating and issued a $137.00 price target on shares of Autoliv in a research note on Tuesday, January 9th. Longbow Research assumed coverage on Autoliv in a research note on Friday, January 5th. They issued a “buy” rating and a $155.00 price target for the company. Piper Jaffray Companies set a $124.00 price target on Autoliv and gave the company a “hold” rating in a research note on Friday, December 8th. Finally, Mizuho restated a “buy” rating and issued a $140.00 price target on shares of Autoliv in a research note on Monday, December 11th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $115.20.
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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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