Autoliv, Inc. (ALV) Rating Increased to Hold at Pareto Securities
Pareto Securities upgraded shares of Autoliv, Inc. (NYSE:ALV) from a sell rating to a hold rating in a research report released on Friday, The Fly reports.
Several other equities analysts have also recently commented on the company. Buckingham Research upgraded Autoliv from an underperform rating to a neutral rating and boosted their target price for the stock from $87.00 to $114.00 in a research report on Friday. Wells Fargo & Company boosted their target price on Autoliv to $140.00 and gave the stock an outperform rating in a research report on Friday. They noted that the move was a valuation call. Mizuho boosted their target price on Autoliv from $130.00 to $140.00 and gave the stock a buy rating in a research report on Friday. Citigroup Inc. boosted their target price on Autoliv from $105.00 to $129.00 and gave the stock a neutral rating in a research report on Friday. Finally, ValuEngine upgraded Autoliv from a hold rating to a buy rating in a research report on Friday. Four research 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. Autoliv presently has a consensus rating of Hold and an average target price of $110.60.
Shares of Autoliv (NYSE ALV) opened at 122.21 on Friday. Autoliv has a 12 month low of $93.31 and a 12 month high of $127.72. The company has a market capitalization of $10.62 billion, a P/E ratio of 19.31 and a beta of 1.12. The company’s 50 day moving average price is $109.60 and its 200 day moving average price is $107.02.
Autoliv (NYSE:ALV) last posted its earnings results on Friday, July 21st. The auto parts company reported $1.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.04). Autoliv had a return on equity of 13.96% and a net margin of 5.44%. 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 firm earned $1.75 earnings per share. Autoliv’s quarterly revenue was down 1.3% compared to the same quarter last year. Analysts expect that Autoliv will post $6.23 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.96%. 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 business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total value of $134,602.00. Following the completion of the sale, the vice president now 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 at this hyperlink. Insiders own 0.25% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALV. Strs Ohio lifted its stake in shares of Autoliv by 6.4% in the 1st quarter. Strs Ohio now owns 10,668 shares of the auto parts company’s stock valued at $1,090,000 after acquiring an additional 637 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Autoliv by 10.3% in the 1st quarter. Russell Investments Group Ltd. now owns 10,754 shares of the auto parts company’s stock valued at $1,100,000 after acquiring an additional 1,007 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Autoliv by 356.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 23,398 shares of the auto parts company’s stock valued at $2,393,000 after acquiring an additional 18,275 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Autoliv by 1.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 53,382 shares of the auto parts company’s stock valued at $5,450,000 after acquiring an additional 980 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Autoliv by 4.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,627 shares of the auto parts company’s stock valued at $984,000 after acquiring an additional 400 shares during the last quarter. 32.76% of the stock is owned by 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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