Autoliv Inc. (NYSE:ALV) – Analysts at Jefferies Group cut their FY2017 earnings per share estimates for Autoliv in a note issued to investors on Thursday. Jefferies Group analyst A. Kurian now anticipates that the auto parts company will post earnings of $6.27 per share for the year, down from their previous estimate of $6.32. Jefferies Group currently has a “Buy” rating and a $145.00 price target on the stock. Jefferies Group also issued estimates for Autoliv’s FY2019 earnings at $8.94 EPS and FY2020 earnings at $11.09 EPS.
Other equities research analysts have also recently issued research reports about the stock. Pareto Securities upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a report on Tuesday, October 17th. Longbow Research initiated coverage on shares of Autoliv in a report on Friday, January 5th. They issued a “buy” rating and a $155.00 price objective on the stock. ValuEngine upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Mizuho restated a “buy” rating and issued a $140.00 price objective on shares of Autoliv in a report on Monday, December 11th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $116.07.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $2.40 annualized dividend and a yield of 1.75%. Autoliv’s payout ratio is presently 41.38%.
In other Autoliv news, insider Johan Lofvenholm sold 3,965 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $128.00, for a total value of $507,520.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its stake in shares of Autoliv by 0.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,404 shares of the auto parts company’s stock worth $1,033,000 after purchasing an additional 28 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Autoliv by 1.1% in the second quarter. Prudential Financial Inc. now owns 5,072 shares of the auto parts company’s stock worth $557,000 after purchasing an additional 53 shares in the last quarter. Toronto Dominion Bank increased its stake 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 worth $119,000 after purchasing an additional 114 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Autoliv by 4.5% in the second quarter. Franklin Resources Inc. now owns 3,990 shares of the auto parts company’s stock worth $438,000 after purchasing an additional 170 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Autoliv by 9.8% in the second 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 in the last quarter. 33.43% of the stock is owned by hedge funds and other institutional investors.
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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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