Autoliv Inc. (ALV) Shares Gap Down to $107.30
Autoliv Inc. (NYSE:ALV)’s share price gapped down prior to trading on Monday . The stock had previously closed at $107.01, but opened at $107.30. Autoliv shares last traded at $109.06, with a volume of 231,414 shares changing hands.
Several equities analysts recently issued reports on ALV shares. Berenberg Bank started coverage on Autoliv in a research report on Friday, June 17th. They issued a “hold” rating and a $109.00 price target on the stock. Piper Jaffray Cos. started coverage on Autoliv in a research report on Thursday, June 9th. They issued a “neutral” rating and a $123.00 price target on the stock. Zacks Investment Research upgraded Autoliv from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Thursday, April 21st. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $117.00 price objective on shares of Autoliv in a report on Monday, May 2nd. Finally, Royal Bank Of Canada lowered Autoliv from a “sector perform” rating to an “underperform” rating and set a $96.00 price objective on the stock. in a report on Wednesday, April 13th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$94.17.
The firm’s 50-day moving average is $117.65 and its 200 day moving average is $114.47. The firm has a market capitalization of $9.61 billion and a P/E ratio of 17.34.
Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, April 29th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.51 by $0.15. The firm earned $2.43 billion during the quarter, compared to analyst estimates of $2.33 billion. Autoliv’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.42 EPS. Analysts anticipate that Autoliv Inc. will post $7.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 18th will be paid a dividend of $0.58 per share. The ex-dividend date is Tuesday, August 16th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.13%.
Several hedge funds and institutional investors recently bought and sold shares of the stock. Russell Frank Co raised its position in Autoliv by 100.0% in the fourth quarter. Russell Frank Co now owns 29,768 shares of the company’s stock worth $3,757,000 after buying an additional 14,882 shares in the last quarter. Freestone Capital Holdings LLC bought a new position in Autoliv during the fourth quarter worth approximately $1,728,000. BHF Kleinwort Benson Group S.A. bought a new position in Autoliv during the fourth quarter worth approximately $1,622,000. California Public Employees Retirement System raised its position in Autoliv by 4.2% in the fourth quarter. California Public Employees Retirement System now owns 254,429 shares of the company’s stock worth $31,745,000 after buying an additional 10,300 shares in the last quarter. Finally, Strs Ohio raised its position in Autoliv by 54.2% in the fourth quarter. Strs Ohio now owns 14,081 shares of the company’s stock worth $1,756,000 after buying an additional 4,951 shares in the last quarter.
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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