Autoliv Inc. (NYSE:ALV) shares hit a new 52-week high on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $149.43 and last traded at $149.52, with a volume of 1952947 shares traded. The stock had previously closed at $138.32.
The auto parts company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.30. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.69 billion. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.71 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Wednesday, February 21st. Autoliv’s dividend payout ratio is presently 41.38%.
A number of research firms recently commented on ALV. Piper Jaffray Companies set a $124.00 price objective on Autoliv and gave the stock a “hold” rating in a research report on Friday, December 8th. Cowen reiterated a “hold” rating and set a $139.00 price objective on shares of Autoliv in a research report on Friday, January 19th. ValuEngine cut Autoliv from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Robert W. Baird restated a “hold” rating and issued a $137.00 price target on shares of Autoliv in a report on Tuesday, January 9th. Finally, Longbow Research initiated coverage on Autoliv in a report on Friday, January 5th. They issued a “buy” rating and a $155.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $116.07.
In other news, insider Johan Lofvenholm sold 3,965 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $128.00, for a total transaction of $507,520.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. lifted its position in Autoliv by 0.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,404 shares of the auto parts company’s stock worth $1,033,000 after acquiring an additional 28 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Autoliv by 1.1% in the 2nd quarter. Prudential Financial Inc. now owns 5,072 shares of the auto parts company’s stock valued at $557,000 after purchasing an additional 53 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Autoliv by 11.7% in the 2nd quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock valued at $119,000 after purchasing an additional 114 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Autoliv by 4.5% in the 2nd quarter. Franklin Resources Inc. now owns 3,990 shares of the auto parts company’s stock valued at $438,000 after purchasing an additional 170 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Autoliv by 9.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock valued at $210,000 after purchasing an additional 171 shares in the last quarter. 33.56% of the stock is currently owned by hedge funds and other institutional investors.
The company has a market capitalization of $11,956.06, a PE ratio of 25.52, a PEG ratio of 2.37 and a beta of 1.11. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.55.
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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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