Autoliv Inc. (ALV) Shares Gap Up to $103.81
Shares of Autoliv Inc. (NYSE:ALV) gapped up prior to trading on Thursday . The stock had previously closed at $103.37, but opened at $103.81. Autoliv shares last traded at $105.11, with a volume of 118,109 shares.
ALV has been the subject of several research analyst reports. JPMorgan Chase & Co. reissued a “hold” rating and set a $117.00 price objective on shares of Autoliv in a research report on Monday, May 2nd. Zacks Investment Research raised Autoliv from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a research report on Thursday, May 5th. Evercore ISI cut Autoliv from a “hold” rating to a “sell” rating and cut their price objective for the stock from $125.00 to $105.00 in a research report on Monday, March 14th. Kepler Capital Markets cut their price objective on Autoliv from $101.00 to $95.00 in a research report on Monday, March 14th. Finally, Royal Bank Of Canada reissued a “sell” rating on shares of Autoliv in a research report on Monday, May 2nd. Eight equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of C$94.17.
The stock has a market cap of $9.27 billion and a PE ratio of 16.73. The stock has a 50-day moving average of $118.39 and a 200-day moving average of $114.89.
Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, April 29th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.15. During the same quarter last year, the business earned $1.42 earnings per share. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.33 billion. The company’s revenue was up 11.8% on a year-over-year basis. On average, analysts expect that Autoliv Inc. will post $7.06 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $2.32 annualized dividend and a yield of 2.21%.
A number of large investors recently modified their holdings of the company. Advisors Asset Management Inc. increased its stake in shares of Autoliv by 2.2% in the fourth quarter. Advisors Asset Management Inc. now owns 10,641 shares of the company’s stock valued at $1,328,000 after buying an additional 230 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in Autoliv by 7.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 11,059 shares of the company’s stock worth $1,380,000 after buying an additional 813 shares during the last quarter. Bank of Montreal Can increased its stake in Autoliv by 13.5% in the fourth quarter. Bank of Montreal Can now owns 11,202 shares of the company’s stock worth $1,398,000 after buying an additional 1,336 shares during the last quarter. BHF Kleinwort Benson Group S.A. acquired a new stake in Autoliv during the fourth quarter worth $1,622,000. Finally, Freestone Capital Holdings LLC acquired a new stake in Autoliv during the fourth quarter worth $1,728,000.
Autoliv, Inc is a developer, manufacturer and supplier to the automotive industry of automotive safety systems. The Company operates through two segments: Passive Safety and Electronics. Passive Safety segment includes airbags, seatbelts and steering wheels. Electronics segment includes active safety products, such as camera-based vision systems, night driving assist, automotive radars, brake controls and other active safety systems, and passive safety electronic products, such as restraint electronics and crash sensors.
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