Autoliv’s (ALV) Hold Rating Reiterated at Deutsche Bank AG
Deutsche Bank AG reaffirmed their hold rating on shares of Autoliv, Inc. (NYSE:ALV) in a report issued on Thursday. The firm currently has a $120.00 target price on the auto parts company’s stock, up from their previous target price of $101.00.
Other equities analysts also recently issued research reports about the stock. Piper Jaffray Companies reaffirmed a hold rating and issued a $99.00 price objective on shares of Autoliv in a report on Wednesday, July 26th. BMO Capital Markets reaffirmed an outperform rating and issued a $121.00 price objective on shares of Autoliv in a report on Wednesday, July 26th. Royal Bank Of Canada decreased their price objective on shares of Autoliv from $100.00 to $98.00 and set a sector perform rating for the company in a report on Monday, July 24th. Morgan Stanley raised shares of Autoliv from an equal weight rating to an overweight rating and set a $120.00 price objective for the company in a report on Wednesday, May 24th. Finally, Bank of America Corporation decreased their price objective on shares of Autoliv from $85.00 to $84.00 and set a neutral rating for the company in a report on Tuesday, July 25th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $109.20.
Shares of Autoliv (ALV) opened at 125.45 on Thursday. Autoliv has a 52 week low of $93.31 and a 52 week high of $127.72. The firm has a market cap of $10.90 billion, a PE ratio of 19.82 and a beta of 1.12. The company’s 50-day moving average is $109.21 and its 200-day moving average is $106.86.
Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.75 EPS. Analysts forecast that Autoliv will post $6.22 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.91%. The ex-dividend date is Tuesday, November 21st. Autoliv’s payout ratio is currently 37.97%.
In related news, VP Thomas Jonsson sold 1,240 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total value of $134,602.00. Following the completion of the sale, the vice president now owns 2,311 shares of the company’s stock, valued at $250,859.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.25% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Autoliv by 2,592.0% in the first quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock worth $277,583,000 after purchasing an additional 2,613,635 shares during the period. Principal Financial Group Inc. raised its position in Autoliv by 915.3% in the second quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock worth $244,927,000 after acquiring an additional 2,010,970 shares in the last quarter. FMR LLC raised its position in Autoliv by 7.3% in the second quarter. FMR LLC now owns 1,821,095 shares of the auto parts company’s stock worth $199,956,000 after acquiring an additional 123,781 shares in the last quarter. Edge Asset Management Inc. raised its position in Autoliv by 15.6% in the first quarter. Edge Asset Management Inc. now owns 1,719,166 shares of the auto parts company’s stock worth $175,802,000 after acquiring an additional 232,363 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Autoliv by 1.8% in the second quarter. Vanguard Group Inc. now owns 1,400,499 shares of the auto parts company’s stock worth $153,774,000 after acquiring an additional 24,364 shares in the last quarter. 34.76% of the stock is owned by institutional investors and hedge funds.
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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