Autoliv (NYSE:ALV) had its target price reduced by Wells Fargo & Co from $113.00 to $91.00 in a research report report published on Wednesday morning, The Fly reports. Wells Fargo & Co currently has a market perform rating on the auto parts company’s stock.
Several other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Autoliv from a hold rating to a sell rating in a report on Monday, September 10th. Robert W. Baird lowered shares of Autoliv from an outperform rating to a neutral rating in a report on Monday, October 1st. UBS Group upgraded shares of Autoliv from a sell rating to a neutral rating and set a $107.00 target price for the company in a report on Tuesday, July 3rd. Longbow Research reiterated a buy rating and set a $120.00 target price on shares of Autoliv in a report on Friday, August 24th. Finally, Jefferies Financial Group set a $100.00 target price on shares of Autoliv and gave the company a buy rating in a report on Friday, October 5th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the stock. Autoliv presently has an average rating of Hold and an average target price of $118.48.
ALV stock opened at $79.98 on Wednesday. Autoliv has a 52-week low of $76.61 and a 52-week high of $115.37. The company has a market cap of $7.13 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 0.63 and a beta of 1.22. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.84.
Autoliv (NYSE:ALV) last released its earnings results on Friday, July 27th. The auto parts company reported $2.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.34. Autoliv had a net margin of 3.09% and a return on equity of 17.38%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the business earned $1.50 earnings per share. The business’s revenue was up 11.5% on a year-over-year basis. Sell-side analysts predict that Autoliv will post 7.83 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Wednesday, November 21st will be issued a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $2.48 dividend on an annualized basis and a yield of 3.10%. Autoliv’s payout ratio is currently 37.69%.
In related news, Director Jan Carlson sold 42,589 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $89.53, for a total value of $3,812,993.17. Following the completion of the transaction, the director now directly owns 53,579 shares in the company, valued at approximately $4,796,927.87. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.25% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its position in Autoliv by 23.1% in the 1st quarter. Wells Fargo & Company MN now owns 32,926 shares of the auto parts company’s stock worth $4,806,000 after purchasing an additional 6,178 shares during the period. JPMorgan Chase & Co. grew its position in Autoliv by 122.6% in the 1st quarter. JPMorgan Chase & Co. now owns 73,452 shares of the auto parts company’s stock worth $10,720,000 after purchasing an additional 40,449 shares during the period. Russell Investments Group Ltd. grew its position in Autoliv by 301.7% in the 1st quarter. Russell Investments Group Ltd. now owns 46,572 shares of the auto parts company’s stock worth $6,749,000 after purchasing an additional 34,978 shares during the period. Commonwealth Equity Services LLC bought a new stake in Autoliv in the 1st quarter worth approximately $282,000. Finally, A.R.T. Advisors LLC bought a new stake in Autoliv in the 1st quarter worth approximately $1,503,000. Institutional investors own 40.22% of the company’s stock.
Autoliv Company Profile
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.
See Also: Return on Equity (ROE)
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