Autoliv, Inc. (ALV) Earns “Underperform” Rating from Evercore ISI
Evercore ISI restated their underperform rating on shares of Autoliv, Inc. (NYSE:ALV) in a research note released on Monday morning. Evercore ISI currently has a $100.00 price objective on the auto parts company’s stock, up from their previous price objective of $85.00.
A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Company reaffirmed an outperform rating and set a $110.50 price objective on shares of Autoliv in a report on Wednesday, June 28th. Zacks Investment Research raised Autoliv from a strong sell rating to a hold rating in a report on Tuesday, May 23rd. BidaskClub raised Autoliv from a buy rating to a strong-buy rating in a report on Thursday, July 6th. Royal Bank Of Canada reaffirmed a hold rating and set a $98.00 price objective on shares of Autoliv in a report on Thursday, July 6th. Finally, CLSA began coverage on Autoliv in a report on Thursday, June 22nd. They set a hold rating and a $102.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $110.60.
Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.75 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Tuesday, November 21st. Autoliv’s payout ratio is 37.97%.
In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total transaction of $134,602.00. Following the completion of the sale, the vice president now owns 2,311 shares in the company, valued at approximately $250,859.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ALV. Russell Investments Group Ltd. increased its position in shares of Autoliv by 10.3% in the 1st quarter. Russell Investments Group Ltd. now owns 10,754 shares of the auto parts company’s stock valued at $1,100,000 after buying an additional 1,007 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Autoliv by 356.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 23,398 shares of the auto parts company’s stock valued at $2,393,000 after buying an additional 18,275 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Autoliv by 4.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,627 shares of the auto parts company’s stock valued at $984,000 after buying an additional 400 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Autoliv by 132.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,255 shares of the auto parts company’s stock valued at $669,000 after buying an additional 3,561 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Autoliv by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 195,818 shares of the auto parts company’s stock valued at $20,025,000 after buying an additional 1,410 shares in the last quarter. Institutional investors and hedge funds own 32.76% of the company’s stock.
Autoliv Company Profile
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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