Several other research firms have also issued reports on ALV. Zacks Investment Research lowered Autoliv from a buy rating to a hold rating in a research note on Tuesday, June 21st. Berenberg Bank initiated coverage on Autoliv in a report on Friday, June 17th. They set a hold rating and a $109.00 price target on the stock. Citigroup Inc. cut their price target on Autoliv from $121.00 to $113.00 and set a neutral rating on the stock in a report on Thursday, July 28th. Wells Fargo & Co. restated a hold rating on shares of Autoliv in a report on Tuesday, July 26th. Finally, RBC Capital Markets restated an underperform rating and set a $92.00 price target (down previously from $95.00) on shares of Autoliv in a report on Monday, July 25th. Eight investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of C$101.39.
Autoliv (NYSE:ALV) traded up 0.28% during midday trading on Monday, hitting $105.47. The company had a trading volume of 118,971 shares. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 16.45 and a beta of 1.29. The firm has a 50-day moving average price of $105.96 and a 200-day moving average price of $112.66. Autoliv has a 12 month low of $95.34 and a 12 month high of $129.37.
Autoliv (NYSE:ALV) last posted its earnings results on Friday, July 22nd. The company reported $1.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.04. Autoliv had a return on equity of 16.97% and a net margin of 5.83%. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the company earned $1.62 EPS. Autoliv’s revenue was up 12.5% on a year-over-year basis. Equities analysts anticipate that Autoliv will post $6.66 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $2.32 dividend on an annualized basis and a yield of 2.21%. Autoliv’s payout ratio is 36.19%.
A number of hedge funds have recently bought and sold shares of ALV. Mackenzie Financial Corp boosted its stake in Autoliv by 0.5% in the second quarter. Mackenzie Financial Corp now owns 3,353 shares of the company’s stock worth $360,000 after buying an additional 18 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Autoliv by 2.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,226 shares of the company’s stock worth $215,000 after buying an additional 44 shares during the last quarter. Hartford Investment Management Co. boosted its stake in Autoliv by 4.1% in the second quarter. Hartford Investment Management Co. now owns 1,862 shares of the company’s stock worth $200,000 after buying an additional 73 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Autoliv by 1.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,822 shares of the company’s stock worth $840,000 after buying an additional 74 shares during the last quarter. Finally, Coastline Trust Co boosted its stake in Autoliv by 0.6% in the second quarter. Coastline Trust Co now owns 15,910 shares of the company’s stock worth $1,709,000 after buying an additional 90 shares during the last quarter. 33.07% of the stock is owned by institutional investors.
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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