Royal Bank Of Canada Reaffirms Hold Rating for Autoliv, Inc. (ALV)
Royal Bank Of Canada reiterated their hold rating on shares of Autoliv, Inc. (NYSE:ALV) in a research note released on Monday. They currently have a $118.00 target price on the auto parts company’s stock.
Other analysts also recently issued research reports about the stock. BMO Capital Markets reiterated an outperform rating and issued a $121.00 target price on shares of Autoliv in a report on Wednesday, July 26th. Piper Jaffray Companies reiterated a hold rating and issued a $99.00 target price on shares of Autoliv in a report on Wednesday, July 26th. ValuEngine upgraded shares of Autoliv from a hold rating to a buy rating in a report on Friday, September 15th. Buckingham Research upgraded shares of Autoliv from an underperform rating to a neutral rating and lifted their target price for the company from $87.00 to $114.00 in a report on Friday, September 15th. Finally, Pareto Securities upgraded shares of Autoliv from a sell rating to a hold rating in a report on Friday, September 15th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $111.90.
Shares of Autoliv (NYSE:ALV) opened at 124.43 on Monday. Autoliv has a one year low of $93.31 and a one year high of $127.72. The stock has a market cap of $10.81 billion, a price-to-earnings ratio of 19.66 and a beta of 1.12. The company has a 50 day moving average price of $109.98 and a 200-day moving average price of $107.14.
Autoliv (NYSE:ALV) last posted its earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.04). Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the business posted $1.75 EPS. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. Equities analysts predict that Autoliv will post $6.23 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.40 annualized dividend and a dividend yield of 1.96%. Autoliv’s dividend payout ratio (DPR) is currently 37.97%.
In other news, VP Thomas Jonsson sold 1,240 shares of Autoliv 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 directly owns 2,311 shares of the company’s stock, valued at approximately $250,859.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.25% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in ALV. BlackRock Inc. lifted its position 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 valued at $277,583,000 after acquiring an additional 2,613,635 shares during the last quarter. Principal Financial Group Inc. lifted 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 valued at $244,927,000 after acquiring an additional 2,010,970 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Autoliv by 68.9% in the first quarter. Dimensional Fund Advisors LP now owns 727,392 shares of the auto parts company’s stock valued at $74,375,000 after acquiring an additional 296,818 shares during the last quarter. Alliancebernstein L.P. lifted its position in Autoliv by 2,167.8% in the first quarter. Alliancebernstein L.P. now owns 305,519 shares of the auto parts company’s stock valued at $31,242,000 after acquiring an additional 292,047 shares during the last quarter. Finally, Edge Asset Management Inc. lifted 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 valued at $175,802,000 after acquiring an additional 232,363 shares during the last quarter. 32.76% of the stock is owned by hedge funds and other institutional investors.
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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