Autoliv Inc. (ALV) Shares Gap Up to $111.07
Autoliv Inc. (NYSE:ALV)’s share price gapped up before the market opened 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 changing hands.
A number of equities research analysts recently issued reports on the stock. Berenberg Bank assumed coverage on shares of Autoliv in a report on Friday, June 17th. They issued a “hold” rating and a $109.00 price objective for the company. Piper Jaffray Cos. assumed coverage on shares of Autoliv in a report on Thursday, June 9th. They issued a “neutral” rating and a $123.00 price objective for the company. Zacks Investment Research upgraded shares of Autoliv from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Thursday, April 21st. Royal Bank Of Canada cut shares of Autoliv from a “sector perform” rating to an “underperform” rating and set a $96.00 price objective for the company. in a report on Wednesday, April 13th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and issued a $117.00 price objective on shares of Autoliv in a report on Monday, May 2nd. Eight 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 company currently has a consensus rating of “Hold” and an average target price of C$94.17.
The firm has a 50 day moving average of $115.45 and a 200-day moving average of $113.95. The stock has a market cap of $9.85 billion and a P/E ratio of 17.78.
Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, April 29th. The company reported $1.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.15. During the same quarter in the previous year, the company posted $1.42 EPS. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.33 billion. The business’s quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts anticipate that Autoliv Inc. will post $7.07 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be issued 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 2.08%.
Other hedge funds have recently made changes to their positions in the company. Russell Frank Co increased its stake in shares of Autoliv by 100.0% in the fourth quarter. Russell Frank Co now owns 29,768 shares of the company’s stock valued at $3,757,000 after buying an additional 14,882 shares in the last quarter. Freestone Capital Holdings LLC purchased a new stake in shares of Autoliv during the fourth quarter valued at approximately $1,728,000. BHF Kleinwort Benson Group S.A. purchased a new stake in shares of Autoliv during the fourth quarter valued at approximately $1,622,000. 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. Finally, Mizuho Trust & Banking Co. Ltd. increased its stake in shares of Autoliv by 1.4% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 133,984 shares of the company’s stock valued at $16,905,000 after buying an additional 1,873 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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