Mizuho upgraded shares of Autoliv, Inc. (NYSE:ALV) from a neutral rating to a buy rating in a report published on Monday, July 17th, MarketBeat reports. Mizuho currently has $130.00 target price on the auto parts company’s stock, up from their previous target price of $108.00.
Several other equities analysts have also issued reports on ALV. Zacks Investment Research upgraded shares of Autoliv from a sell rating to a hold rating in a report on Tuesday, March 21st. Royal Bank Of Canada raised shares of Autoliv from an underperform rating to a sector perform rating and raised their price target for the company from $94.00 to $99.00 in a research report on Friday, March 24th. Wells Fargo & Company raised shares of Autoliv from a market perform rating to an outperform rating in a research report on Wednesday, April 5th. Barclays PLC reduced their price target on shares of Autoliv from $88.00 to $86.00 and set an underweight rating for the company in a research report on Monday, May 1st. Finally, Jefferies Group LLC set a $108.00 price target on shares of Autoliv and gave the company a hold rating in a research report on Sunday, April 30th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Autoliv has a consensus rating of Hold and an average target price of $105.32.
Shares of Autoliv (NYSE:ALV) opened at 107.20 on Monday. The firm’s 50-day moving average price is $110.99 and its 200-day moving average price is $106.63. Autoliv has a 12 month low of $93.31 and a 12 month high of $117.54. The firm has a market capitalization of $9.32 billion, a price-to-earnings ratio of 16.94 and a beta of 1.13.
Autoliv (NYSE:ALV) last released its earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share (EPS) 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 business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the previous year, the business posted $1.75 earnings per share. Autoliv’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities analysts anticipate that Autoliv will post $6.22 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 23rd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Monday, August 21st. Autoliv’s payout ratio is currently 37.97%.
In other news, VP Thomas Jonsson sold 1,240 shares of the business’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 sale, the vice president now directly owns 2,311 shares in the company, valued at approximately $250,859.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert W. Alspaugh sold 1,156 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $109.87, for a total transaction of $127,009.72. Following the completion of the sale, the director now owns 3,800 shares in the company, valued at $417,506. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank increased its stake in Autoliv by 26.9% in the first quarter. Toronto Dominion Bank now owns 971 shares of the auto parts company’s stock worth $100,000 after buying an additional 206 shares during the period. Creative Planning increased its stake in Autoliv by 0.3% in the first quarter. Creative Planning now owns 1,220 shares of the auto parts company’s stock worth $125,000 after buying an additional 4 shares during the period. Victory Capital Management Inc. increased its stake in Autoliv by 43.9% in the second quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock worth $149,000 after buying an additional 414 shares during the period. Teachers Advisors LLC increased its stake in Autoliv by 288.3% in the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after buying an additional 1,058 shares during the period. Finally, Pacer Advisors Inc. increased its stake in Autoliv by 3.2% in the first quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock worth $184,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 32.97% of the company’s stock.
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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