ALV has been the subject of a number of other reports. Jefferies Group set a $145.00 price objective on shares of Autoliv and gave the stock a buy rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Autoliv from a hold rating to a buy rating and set a $140.00 target price on the stock in a research report on Wednesday, November 1st. ValuEngine upgraded shares of Autoliv from a hold rating to a buy rating in a research report on Sunday, December 31st. Piper Jaffray Companies set a $99.00 target price on shares of Autoliv and gave the stock a hold rating in a research report on Monday, October 16th. Finally, KeyCorp reiterated a buy rating and issued a $146.00 target price (up previously from $136.00) on shares of Autoliv in a research report on Monday, November 6th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $115.20.
Autoliv (NYSE ALV) traded up $1.27 during midday trading on Wednesday, hitting $136.29. 286,097 shares of the stock were exchanged, compared to its average volume of 355,963. Autoliv has a 52 week low of $96.08 and a 52 week high of $136.30. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.55 and a quick ratio of 1.23. The company has a market cap of $11,740.41, a P/E ratio of 23.50, a P/E/G ratio of 2.32 and a beta of 1.11.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Wednesday, February 21st. Autoliv’s payout ratio is 41.38%.
In other Autoliv news, insider Johan Lofvenholm sold 3,965 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $128.00, for a total value of $507,520.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.25% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of Autoliv by 9.8% in the second quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock valued at $210,000 after acquiring an additional 171 shares during the period. Andra AP fonden increased its position in shares of Autoliv by 16.9% in the third quarter. Andra AP fonden now owns 16,600 shares of the auto parts company’s stock valued at $2,052,000 after acquiring an additional 2,400 shares during the period. HCR Wealth Advisors purchased a new position in shares of Autoliv in the third quarter valued at about $424,000. Commonwealth Bank of Australia increased its position in shares of Autoliv by 74.7% in the second quarter. Commonwealth Bank of Australia now owns 12,392 shares of the auto parts company’s stock valued at $1,360,000 after acquiring an additional 5,300 shares during the period. Finally, FNY Partners Fund LP increased its position in shares of Autoliv by 31.8% in the third quarter. FNY Partners Fund LP now owns 10,616 shares of the auto parts company’s stock valued at $1,312,000 after acquiring an additional 2,561 shares during the period. Hedge funds and other institutional investors own 33.42% 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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