Autoliv (NYSE:ALV) Shares Gap Up to $106.71

Autoliv, Inc. (NYSE:ALVGet Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $106.71, but opened at $110.06. Autoliv shares last traded at $110.61, with a volume of 171,357 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ALV shares. JPMorgan Chase & Co. increased their price target on shares of Autoliv from $117.00 to $129.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Robert W. Baird increased their price target on shares of Autoliv from $133.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. BNP Paribas started coverage on shares of Autoliv in a research report on Tuesday, June 18th. They issued a “neutral” rating on the stock. Bank of America increased their price target on shares of Autoliv from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Finally, Wolfe Research upgraded shares of Autoliv from a “peer perform” rating to an “outperform” rating and set a $133.00 price target on the stock in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $129.27.

Check Out Our Latest Stock Analysis on ALV

Autoliv Stock Down 1.5 %

The company has a market capitalization of $8.66 billion, a P/E ratio of 16.60, a PEG ratio of 0.66 and a beta of 1.61. The firm’s 50 day moving average price is $117.66 and its two-hundred day moving average price is $114.80. The company has a current ratio of 1.10, a quick ratio of 0.82 and a debt-to-equity ratio of 0.75.

Autoliv (NYSE:ALVGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.18. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a net margin of 5.10% and a return on equity of 29.84%. Equities research analysts forecast that Autoliv, Inc. will post 9.74 EPS for the current year.

Autoliv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Thursday, May 23rd were paid a dividend of $0.68 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $2.72 annualized dividend and a dividend yield of 2.56%. Autoliv’s dividend payout ratio is currently 42.43%.

Insider Transactions at Autoliv

In related news, Director Jan Carlson sold 1,900 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $126.75, for a total value of $240,825.00. Following the completion of the transaction, the director now directly owns 77,493 shares of the company’s stock, valued at $9,822,237.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On Autoliv

Several hedge funds and other institutional investors have recently made changes to their positions in ALV. Benjamin F. Edwards & Company Inc. bought a new position in shares of Autoliv in the fourth quarter valued at $27,000. GAMMA Investing LLC grew its stake in shares of Autoliv by 62.7% in the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after buying an additional 101 shares in the last quarter. Rise Advisors LLC grew its stake in shares of Autoliv by 84.1% in the fourth quarter. Rise Advisors LLC now owns 267 shares of the auto parts company’s stock valued at $29,000 after buying an additional 122 shares in the last quarter. Register Financial Advisors LLC bought a new position in Autoliv during the first quarter worth $36,000. Finally, Parallel Advisors LLC boosted its position in Autoliv by 83.8% during the fourth quarter. Parallel Advisors LLC now owns 489 shares of the auto parts company’s stock worth $54,000 after purchasing an additional 223 shares during the period. 69.57% of the stock is owned by institutional investors.

About Autoliv

(Get Free Report)

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.

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