Autoliv Inc. (ALV) Shares Gap Up to $103.99
Autoliv Inc. (NYSE:ALV) shares gapped up prior to trading on Thursday . The stock had previously closed at $103.61, but opened at $103.99. Autoliv shares last traded at $105.37, with a volume of 109,001 shares.
ALV has been the topic of several research reports. Zacks Investment Research lowered Autoliv from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 27th. Berenberg Bank assumed coverage on Autoliv in a research note on Friday, June 17th. They set a “hold” rating and a $109.00 price target for the company. Wells Fargo & Co. reiterated a “hold” rating on shares of Autoliv in a research note on Tuesday, July 26th. Piper Jaffray Cos. assumed coverage on Autoliv in a research note on Thursday, June 9th. They set a “neutral” rating and a $123.00 price target for the company. Finally, RBC Capital Markets reiterated an “underperform” rating and set a $92.00 price target (down previously from $95.00) on shares of Autoliv in a research note on Monday, July 25th. Ten equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Autoliv currently has an average rating of “Hold” and a consensus target price of C$91.79.
The firm has a market capitalization of $9.27 billion and a PE ratio of 16.39. The firm’s 50 day moving average price is $110.17 and its 200-day moving average price is $113.40.
Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, July 22nd. The company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.71 by $0.04. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.64 billion. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 earnings per share. Equities analysts anticipate that Autoliv Inc. will post $6.66 earnings per share for the current fiscal year.
The company 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%.
Other hedge funds and institutional investors have recently made changes to their positions in the company. Gulf International Bank UK Ltd increased its position in shares of Autoliv by 0.4% in the fourth quarter. Gulf International Bank UK Ltd now owns 26,873 shares of the company’s stock valued at $3,353,000 after buying an additional 120 shares in the last quarter. Advisors Asset Management Inc. increased 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 valued at $1,328,000 after buying an additional 230 shares in the last quarter. KBC Group NV increased 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 valued at $1,300,000 after buying an additional 260 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased 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 valued at $1,380,000 after buying an additional 813 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Autoliv by 13.5% in the fourth quarter. Bank of Montreal Can now owns 11,202 shares of the company’s stock valued at $1,398,000 after buying an additional 1,336 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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