Autoliv Inc. (NYSE:ALV) gapped down prior to trading on Tuesday . The stock had previously closed at $105.89, but opened at $106.55. Autoliv shares last traded at $108.37, with a volume of 236,403 shares changing hands.

A number of equities research analysts have commented on ALV shares. Zacks Investment Research cut Autoliv from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 27th. Berenberg Bank started coverage on Autoliv in a research note on Friday, June 17th. They issued a “hold” rating and a $109.00 price objective for the company. Wells Fargo & Co. reissued a “hold” rating on shares of Autoliv in a research note on Tuesday, July 26th. RBC Capital Markets reissued an “underperform” rating and issued a $92.00 price objective (down previously from $95.00) on shares of Autoliv in a research note on Monday, July 25th. Finally, Piper Jaffray Cos. started coverage on Autoliv in a research note on Thursday, June 9th. They issued a “neutral” rating and a $123.00 price objective for the company. Ten equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of C$91.79.

The company has a market cap of $9.54 billion and a P/E ratio of 16.87. The stock’s 50 day moving average price is $109.03 and its 200-day moving average price is $113.45.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, July 22nd. The company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.71 by $0.04. During the same quarter in the prior year, the business posted $1.62 earnings per share. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.64 billion. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. Equities research analysts anticipate that Autoliv Inc. will post $6.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders 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 annualized dividend and a yield of 2.14%.

A number of hedge funds have modified their holdings of the stock. Principal Financial Group Inc. increased its stake in shares of Autoliv by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 112,881 shares of the company’s stock valued at $14,084,000 after buying an additional 3,225 shares in the last quarter. Bank of Montreal Can increased its stake 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. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake 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. 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 in the last quarter. Finally, KBC Group NV increased its stake 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.

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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