Guggenheim reaffirmed their hold rating on shares of Autoliv (NYSE:ALV) in a research report report published on Wednesday, January 10th. Guggenheim currently has a $135.00 price objective on the auto parts company’s stock.
A number of other brokerages have also commented on ALV. Mizuho increased their price objective on shares of Autoliv from $130.00 to $140.00 and gave the stock a buy rating in a report on Friday, September 15th. Zacks Investment Research raised shares of Autoliv from a hold rating to a buy rating and set a $140.00 price objective on the stock in a report on Wednesday, November 1st. Piper Jaffray Companies set a $99.00 price objective on shares of Autoliv and gave the stock a hold rating in a report on Monday, October 16th. ValuEngine raised shares of Autoliv from a hold rating to a buy rating in a report on Sunday, December 31st. Finally, KeyCorp reissued a buy rating and set a $146.00 price objective (up previously from $136.00) on shares of Autoliv in a report on Monday, November 6th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $122.80.
Shares of Autoliv (ALV) traded down $3.86 during trading on Wednesday, hitting $140.75. 755,867 shares of the company were exchanged, compared to its average volume of 625,140. The firm has a market cap of $12,581.07, a PE ratio of 29.82, a P/E/G ratio of 2.14 and a beta of 1.32. The company has a quick ratio of 1.23, a current ratio of 1.55 and a debt-to-equity ratio of 0.31. Autoliv has a 1-year low of $96.08 and a 1-year high of $152.57.
Autoliv (NYSE:ALV) last announced its earnings results on Tuesday, January 30th. The auto parts company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.29. Autoliv had a net margin of 4.11% and a return on equity of 13.86%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter last year, the company posted $1.71 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. equities analysts predict that Autoliv will post 7.37 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.71%. Autoliv’s dividend payout ratio is 49.48%.
In related news, insider Johan Lofvenholm sold 3,965 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $128.00, for a total value of $507,520.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.25% of the company’s stock.
Large investors have recently made changes to their positions in the stock. 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 acquiring an additional 114 shares during the period. Victory Capital Management Inc. raised its position in shares of Autoliv by 43.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock valued at $149,000 after acquiring an additional 414 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Autoliv in the 4th quarter valued at approximately $152,000. Teachers Advisors LLC raised its holdings in Autoliv by 288.3% during the 2nd quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after buying an additional 1,058 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Autoliv by 9.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock worth $210,000 after buying an additional 171 shares during the period. Institutional investors and hedge funds own 33.49% of the company’s stock.
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Autoliv Company Profile
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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