Autoliv Inc. (ALV) Shares Gap Up to $104.94
Autoliv Inc. (NYSE:ALV)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $104.65, but opened at $104.94. Autoliv shares last traded at $105.81, with a volume of 140,880 shares.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Thursday, April 21st. Deutsche Bank AG lowered their price target on shares of Autoliv from $102.00 to $100.00 and set a “hold” rating for the company in a research report on Monday, July 25th. JPMorgan Chase & Co. reiterated a “hold” rating and set a $117.00 price target on shares of Autoliv in a research report on Monday, May 2nd. Berenberg Bank assumed coverage on shares of Autoliv in a research report on Friday, June 17th. They set a “hold” rating and a $109.00 price target for the company. Finally, Piper Jaffray Cos. set a $104.00 price target on shares of Autoliv and gave the stock a “hold” rating in a research report on Monday, July 25th. Ten investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$91.79.
The stock has a market cap of $9.33 billion and a PE ratio of 16.50. The stock has a 50 day moving average of $107.19 and a 200-day moving average of $113.15.
Autoliv (NYSE:ALV) last released its earnings results on Friday, July 22nd. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.04. During the same period in the prior year, the company posted $1.62 EPS. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.64 billion. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities research analysts anticipate that Autoliv Inc. will post $6.66 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Monday, November 14th.
A number of hedge funds have recently added to or reduced their stakes in ALV. Advisors Asset Management Inc. increased its stake in 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. 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 in 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 in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Autoliv by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 112,881 shares of the company’s stock worth $14,084,000 after buying an additional 3,225 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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