Autoliv (ALV) Trading Up 5.2%

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Shares of Autoliv Inc. (NYSE:ALV) were up 5.2% during trading on Tuesday . The stock traded as high as $75.17 and last traded at $75.12. Approximately 832,180 shares traded hands during trading, an increase of 19% from the average daily volume of 697,336 shares. The stock had previously closed at $71.39.

A number of research firms have issued reports on ALV. Zacks Investment Research raised shares of Autoliv from a “sell” rating to a “hold” rating in a report on Monday, September 17th. Robert W. Baird lowered shares of Autoliv from an “outperform” rating to a “neutral” rating in a research note on Monday, October 1st. Wolfe Research assumed coverage on shares of Autoliv in a research note on Tuesday, October 2nd. They set an “underperform” rating on the stock. Buckingham Research cut their target price on shares of Autoliv from $130.00 to $80.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 3rd. Finally, Jefferies Financial Group set a $100.00 target price on shares of Autoliv and gave the stock a “buy” rating in a research note on Friday, October 5th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $101.59.

The company has a market cap of $6.14 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 0.54 and a beta of 1.30. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.25 and a quick ratio of 0.96.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, October 26th. The auto parts company reported $1.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.58 by ($0.23). Autoliv had a net margin of 3.52% and a return on equity of 20.06%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same period last year, the company earned $1.64 EPS. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. Research analysts predict that Autoliv Inc. will post 7.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Friday, February 22nd will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Thursday, February 21st. Autoliv’s dividend payout ratio (DPR) is presently 37.69%.

Several institutional investors have recently made changes to their positions in ALV. Gideon Capital Advisors Inc. acquired a new position in shares of Autoliv in the 3rd quarter valued at $203,000. GSA Capital Partners LLP purchased a new stake in shares of Autoliv in the 2nd quarter valued at $204,000. Mackenzie Financial Corp purchased a new stake in shares of Autoliv in the 3rd quarter valued at $209,000. Ffcm LLC raised its holdings in shares of Autoliv by 880.2% in the 3rd quarter. Ffcm LLC now owns 2,470 shares of the auto parts company’s stock valued at $214,000 after buying an additional 2,218 shares during the period. Finally, First Republic Investment Management Inc. purchased a new stake in shares of Autoliv in the 2nd quarter valued at $229,000. 31.68% of the stock is currently owned by institutional investors and hedge funds.

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About Autoliv (NYSE:ALV)

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.

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