Autoliv Inc. (ALV) Shares Gap Up to $111.07
Autoliv Inc. (NYSE:ALV) gapped up prior to trading on Wednesday . The stock had previously closed at $111.03, but opened at $111.07. Autoliv shares last traded at $111.64, with a volume of 91,384 shares.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised Autoliv from a “hold” rating to a “buy” rating and set a $141.00 price target for the company in a report on Thursday, May 5th. Piper Jaffray Cos. assumed coverage on Autoliv in a report on Thursday, June 9th. They issued a “neutral” rating and a $123.00 price target for the company. Royal Bank Of Canada reissued a “sell” rating on shares of Autoliv in a report on Monday, May 2nd. JPMorgan Chase & Co. reissued a “hold” rating and issued a $117.00 price target on shares of Autoliv in a report on Monday, May 2nd. Finally, Berenberg Bank assumed coverage on Autoliv in a report on Friday, June 17th. They issued a “hold” rating and a $109.00 price target for the company. Eight investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of C$94.17.
The stock has a market capitalization of $9.85 billion and a PE ratio of 17.78. The company has a 50 day moving average of $115.45 and a 200 day moving average of $113.95.
Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, April 29th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.15. During the same period last year, the firm posted $1.42 EPS. The firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Autoliv’s revenue was up 11.8% on a year-over-year basis. On average, equities analysts predict that Autoliv Inc. will post $7.07 EPS for the current fiscal year.
The company also recently declared 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. This represents a $2.32 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Tuesday, August 16th.
A number of large investors have recently bought and sold shares of ALV. Gulf International Bank UK Ltd increased its stake in Autoliv by 0.4% in the fourth quarter. Gulf International Bank UK Ltd now owns 26,873 shares of the company’s stock worth $3,353,000 after buying an additional 120 shares during the period. Advisors Asset Management Inc. boosted its position 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 worth $1,328,000 after buying an additional 230 shares in the last quarter. KBC Group NV boosted its position in shares of Autoliv by 2.6% in the fourth quarter. KBC Group NV now owns 10,418 shares of the company’s stock worth $1,300,000 after buying an additional 260 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in shares of 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 in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Autoliv by 2.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 34,730 shares of the company’s stock worth $4,334,000 after buying an additional 898 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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