Autoliv Inc. (ALV) Shares Gap Up to $104.94
Shares of Autoliv Inc. (NYSE:ALV) 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 trading hands.
A number of analysts have weighed in on ALV shares. Zacks Investment Research cut Autoliv from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. RBC Capital Markets restated an “underperform” rating and issued a $92.00 price target (down from $95.00) on shares of Autoliv in a research note on Monday, July 25th. Barclays PLC cut their price target on Autoliv from $89.00 to $82.00 and set an “underweight” rating on the stock in a research note on Monday, July 25th. 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 target on the stock. Finally, Royal Bank Of Canada cut their price target on Autoliv from $107.00 to $96.00 and set an “underperform” rating on the stock in a research note on Monday, May 2nd. Ten investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of C$91.79.
The stock’s 50 day moving average price is $107.19 and its 200-day moving average price is $113.15. The company has a market capitalization of $9.33 billion and a P/E ratio of 16.50.
Autoliv (NYSE:ALV) last issued its earnings results on Friday, July 22nd. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.04. During the same quarter last year, the company posted $1.62 EPS. The company earned $2.58 billion during 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. Analysts anticipate that Autoliv Inc. will post $6.66 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Wednesday, November 16th will be paid a $0.58 dividend. The ex-dividend date is Monday, November 14th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.19%.
Other large investors recently modified their holdings of the company. Advisors Asset Management Inc. raised 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 worth $1,328,000 after buying an additional 230 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised 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 valued at $1,380,000 after buying an additional 813 shares during the period. Bank of Montreal Can raised 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 valued at $1,398,000 after buying an additional 1,336 shares during the period. Finally, Principal Financial Group Inc. raised 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 valued at $14,084,000 after buying an additional 3,225 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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