Autoliv (ALV) Earns “Hold” Rating from Piper Jaffray Companies

Piper Jaffray Companies reissued their hold rating on shares of Autoliv (NYSE:ALV) in a research note issued to investors on Tuesday. Piper Jaffray Companies currently has a $138.00 price objective on the auto parts company’s stock.

Other research analysts have also issued reports about the stock. Pareto Securities upgraded shares of Autoliv from a hold rating to a buy rating in a research note on Friday, October 27th. Jefferies Group set a $145.00 target price on shares of Autoliv and gave the company a buy rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Autoliv from a hold rating to a buy rating and set a $142.00 target price on the stock in a research note on Tuesday, October 17th. Longbow Research started coverage on shares of Autoliv in a research note on Friday, January 5th. They issued a buy rating and a $155.00 target price on the stock. Finally, ValuEngine upgraded shares of Autoliv from a hold rating to a buy rating in a research note on Sunday, December 31st. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. Autoliv currently has an average rating of Hold and an average target price of $122.80.

Autoliv (NYSE ALV) opened at $145.06 on Tuesday. Autoliv has a 12 month low of $96.08 and a 12 month high of $152.57. The company has a quick ratio of 1.23, a current ratio of 1.55 and a debt-to-equity ratio of 0.31. The stock has a market cap of $13,242.27 and a price-to-earnings ratio of 30.65.

Autoliv (NYSE:ALV) last posted its earnings results on Tuesday, January 30th. The auto parts company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.29. Autoliv had a net margin of 4.11% and a return on equity of 13.86%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period last year, the business posted $1.71 EPS. Autoliv’s revenue was up 4.8% compared to the same quarter last year. equities analysts anticipate that Autoliv will post 7.11 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Wednesday, February 21st. Autoliv’s payout ratio is 49.48%.

In other news, insider Johan Lofvenholm sold 3,965 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $128.00, for a total transaction of $507,520.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank lifted its holdings in shares of Autoliv by 11.7% during the 2nd quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock worth $119,000 after acquiring an additional 114 shares during the period. SG Americas Securities LLC bought a new position in shares of Autoliv during the 4th quarter worth about $152,000. Teachers Advisors LLC lifted its holdings in shares of Autoliv by 288.3% during the 2nd quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after acquiring an additional 1,058 shares during the period. ARP Americas LLC bought a new position in shares of Autoliv during the 3rd quarter worth about $235,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Autoliv by 9.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock worth $210,000 after acquiring an additional 171 shares during the period. 33.56% of the stock is owned by institutional investors.

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About Autoliv

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.

Analyst Recommendations for Autoliv (NYSE:ALV)

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