Autoliv’s (ALV) “Hold” Rating Reiterated at Royal Bank Of Canada
Royal Bank Of Canada reiterated their hold rating on shares of Autoliv Inc. (NYSE:ALV) in a research note published on Tuesday. The brokerage currently has a $100.00 target price on the auto parts company’s stock.
ALV has been the subject of several other reports. Zacks Investment Research lowered Autoliv from a hold rating to a sell rating in a report on Wednesday, May 3rd. Wells Fargo & Company restated an outperform rating and issued a $110.50 target price on shares of Autoliv in a report on Wednesday, June 28th. BidaskClub lowered Autoliv from a strong-buy rating to a buy rating in a report on Wednesday, June 21st. Jefferies Group LLC upgraded Autoliv from a hold rating to a buy rating and boosted their target price for the stock from $108.00 to $119.00 in a report on Tuesday, May 9th. Finally, Guggenheim started coverage on Autoliv in a report on Wednesday, June 21st. They issued a neutral rating and a $102.00 target price for the company. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $105.44.
Autoliv (NYSE:ALV) opened at 109.27 on Tuesday. Autoliv has a 12-month low of $93.31 and a 12-month high of $117.54. The stock has a market capitalization of $9.50 billion, a price-to-earnings ratio of 17.26 and a beta of 1.13. The firm has a 50-day moving average of $108.93 and a 200-day moving average of $106.34.
Autoliv (NYSE:ALV) last released 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. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a net margin of 5.04% and a return on equity of 13.50%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the firm earned $1.75 EPS. Equities research analysts forecast that Autoliv will post $6.22 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Tuesday, November 21st. Autoliv’s dividend payout ratio (DPR) is presently 37.97%.
In other news, VP Thomas Jonsson sold 1,240 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total transaction of $134,602.00. Following the transaction, the vice president now owns 2,311 shares of the company’s stock, valued at $250,859.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.25% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank raised its position in Autoliv by 26.9% in the first quarter. Toronto Dominion Bank now owns 971 shares of the auto parts company’s stock valued at $100,000 after buying an additional 206 shares during the last quarter. Creative Planning raised its position in Autoliv by 0.3% in the first quarter. Creative Planning now owns 1,220 shares of the auto parts company’s stock valued at $125,000 after buying an additional 4 shares during the last quarter. Victory Capital Management Inc. raised its position 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 valued at $149,000 after buying an additional 414 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Autoliv by 288.3% in the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock valued at $156,000 after buying an additional 1,058 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of Autoliv by 3.2% in the first quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock valued at $184,000 after buying an additional 55 shares during the period. 34.75% of the stock is currently 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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