Autoliv Inc. (NYSE:ALV) has been assigned a consensus rating of “Hold” from the nineteen analysts that are currently covering the firm. Six research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $103.75.
ALV has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a research report on Tuesday, December 27th. Jefferies Group LLC initiated coverage on shares of Autoliv in a research report on Tuesday, November 29th. They set a “buy” rating and a $112.00 price target for the company. KeyCorp restated an “equal weight” rating on shares of Autoliv in a research report on Tuesday, January 10th. Goldman Sachs Group Inc upgraded shares of Autoliv from a “sell” rating to a “neutral” rating and reduced their price target for the company from $101.00 to $95.00 in a research report on Wednesday, November 23rd. Finally, Mizuho initiated coverage on shares of Autoliv in a research report on Thursday, March 2nd. They set a “neutral” rating and a $115.00 price target for the company.
In other Autoliv news, insider Johan Lofvenholm sold 876 shares of the business’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $104.45, for a total value of $91,498.20. Following the completion of the sale, the insider now directly owns 3,798 shares of the company’s stock, valued at $396,701.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 1,576 shares of company stock valued at $165,527 over the last three months. 0.27% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in Autoliv during the fourth quarter valued at $82,150,000. HCR Wealth Advisors acquired a new stake in Autoliv during the fourth quarter valued at $341,000. Hatteras Funds LP increased its stake in Autoliv by 7.0% in the fourth quarter. Hatteras Funds LP now owns 2,460 shares of the company’s stock valued at $278,000 after buying an additional 160 shares in the last quarter. Carve CapitalAB acquired a new stake in Autoliv during the fourth quarter valued at $39,941,000. Finally, Bodenholm Capital AB acquired a new stake in Autoliv during the fourth quarter valued at $36,207,000. 32.01% of the stock is owned by institutional investors and hedge funds.
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Autoliv (NYSE:ALV) opened at 103.71 on Tuesday. Autoliv has a 52-week low of $93.31 and a 52-week high of $126.31. The company has a 50-day moving average of $105.93 and a 200-day moving average of $105.64. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of 16.15 and a beta of 1.17.
Autoliv (NYSE:ALV) last released its quarterly earnings results on Thursday, February 2nd. The company reported $1.71 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by $0.13. The firm had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Autoliv had a net margin of 5.59% and a return on equity of 14.99%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.08 earnings per share. Equities research analysts expect that Autoliv will post $6.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Wednesday, May 17th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, May 15th. This is an increase from Autoliv’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a yield of 2.31%. Autoliv’s payout ratio is currently 36.14%.
Autoliv Company Profile
Autoliv, Inc is a developer, manufacturer and supplier to the automotive industry of automotive safety systems. The Company operates through two segments: Passive Safety and Electronics. Passive Safety segment includes airbags, seatbelts and steering wheels. Electronics segment includes active safety products, such as camera-based vision systems, night driving assist, automotive radars, brake controls and other active safety systems, and passive safety electronic products, such as restraint electronics and crash sensors.
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