Autoliv Inc. (ALV) Shares Gap Up to $103.81
Autoliv Inc. (NYSE:ALV) gapped up before the market opened on Thursday . The stock had previously closed at $103.37, but opened at $103.81. Autoliv shares last traded at $105.11, with a volume of 118,109 shares traded.
A number of brokerages have recently commented on ALV. Zacks Investment Research raised shares of Autoliv from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a research note on Monday, April 11th. Royal Bank Of Canada reissued a “sell” rating on shares of Autoliv in a research note on Monday, May 2nd. Kepler Capital Markets dropped their price target on shares of Autoliv from $101.00 to $95.00 in a research note on Monday, March 14th. Goldman Sachs Group Inc. cut shares of Autoliv from a “neutral” rating to a “sell” rating in a research note on Monday, April 18th. Finally, Evercore ISI cut shares of Autoliv from a “hold” rating to a “sell” rating and dropped their price target for the company from $125.00 to $105.00 in a research note on Monday, March 14th. Eight research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$94.17.
The company has a market cap of $9.27 billion and a PE ratio of 16.73. The stock’s 50 day moving average is $118.39 and its 200 day moving average is $114.89.
Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, April 29th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.15. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the previous year, the business earned $1.42 EPS. The firm’s revenue was up 11.8% on a year-over-year basis. Equities research analysts predict that Autoliv Inc. will post $7.06 earnings per share for the current 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. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, August 16th.
A number of institutional investors have added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position 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 valued at $1,380,000 after buying an additional 813 shares during the period. Principal Financial Group Inc. increased its position in 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 during the period. Bank of Montreal Can increased its position in 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 during the period. BHF Kleinwort Benson Group S.A. acquired a new position in Autoliv during the fourth quarter valued at $1,622,000. Finally, Morgan Stanley increased its position in Autoliv by 56.3% in the fourth quarter. Morgan Stanley now owns 36,124 shares of the company’s stock valued at $4,507,000 after buying an additional 13,009 shares during the period.
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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