Autoliv (ALV) Hits New 1-Year High at $130.56

Autoliv Inc. (NYSE:ALV) shares hit a new 52-week high on Thursday . The stock traded as high as $130.56 and last traded at $129.00, with a volume of 271100 shares. The stock had previously closed at $127.86.

A number of research analysts recently commented on ALV shares. ValuEngine upgraded Autoliv from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Pareto Securities upgraded Autoliv from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Buckingham Research upgraded Autoliv from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $87.00 to $114.00 in a report on Friday, September 15th. Robert W. Baird reiterated a “hold” rating on shares of Autoliv in a report on Thursday, September 21st. Finally, Jefferies Group reiterated a “buy” rating and issued a $145.00 price objective (up from $125.00) on shares of Autoliv in a report on Thursday, September 21st. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $110.48.

The company has a quick ratio of 1.23, a current ratio of 1.55 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $11,350.00, a P/E ratio of 22.24, a P/E/G ratio of 2.20 and a beta of 1.11.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the firm earned $1.63 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. analysts forecast that Autoliv Inc. will post 6.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, February 21st. Autoliv’s dividend payout ratio (DPR) is 41.38%.

In other Autoliv news, insider Johan Lofvenholm sold 3,965 shares of the company’s stock in a transaction on 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 legal filing with the SEC, which can be accessed through the SEC website. 0.25% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in shares of Autoliv during the third quarter worth $422,000. Coastline Trust Co increased its position in shares of Autoliv by 16.6% during the third quarter. Coastline Trust Co now owns 18,550 shares of the auto parts company’s stock worth $2,293,000 after acquiring an additional 2,640 shares during the period. Neuberger Berman Group LLC increased its position in shares of Autoliv by 78.2% during the third quarter. Neuberger Berman Group LLC now owns 44,073 shares of the auto parts company’s stock worth $5,447,000 after acquiring an additional 19,344 shares during the period. California Public Employees Retirement System increased its position in shares of Autoliv by 4.7% during the third quarter. California Public Employees Retirement System now owns 222,108 shares of the auto parts company’s stock worth $27,453,000 after acquiring an additional 9,979 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Autoliv during the third quarter worth $2,335,000. 33.51% of the stock is currently owned by institutional investors and hedge funds.

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About Autoliv

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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