Autoliv’s (ALV) Hold Rating Reaffirmed at Royal Bank Of Canada
Royal Bank Of Canada restated their hold rating on shares of Autoliv, Inc. (NYSE:ALV) in a research report sent to investors on Monday. They currently have a $118.00 price objective on the auto parts company’s stock.
Other research analysts have also issued research reports about the company. Wells Fargo & Company restated an outperform rating and set a $110.50 price objective on shares of Autoliv in a research report on Wednesday, June 28th. BidaskClub lowered Autoliv from a strong-buy rating to a buy rating in a research report on Wednesday, June 21st. Zacks Investment Research upgraded Autoliv from a strong sell rating to a hold rating in a research report on Tuesday, May 23rd. CLSA began coverage on Autoliv in a research report on Thursday, June 22nd. They set a hold rating and a $102.00 price objective for the company. Finally, Guggenheim began coverage on Autoliv in a research report on Wednesday, June 21st. They set a neutral rating and a $102.00 price objective for the company. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company’s stock. Autoliv currently has a consensus rating of Hold and a consensus target price of $110.60.
Autoliv (NYSE:ALV) opened at 122.21 on Monday. The stock has a market capitalization of $10.62 billion, a PE ratio of 19.31 and a beta of 1.12. Autoliv has a 52-week low of $93.31 and a 52-week high of $127.72. 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 issued its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share (EPS) for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the previous year, the company posted $1.75 EPS. The company’s quarterly revenue was down 1.3% on a year-over-year basis. Equities analysts forecast that Autoliv will post $6.23 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Tuesday, November 21st. Autoliv’s payout ratio is 37.97%.
In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of Autoliv stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total value of $134,602.00. Following the transaction, the vice president now directly owns 2,311 shares of the company’s stock, valued at $250,859.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALV. Toronto Dominion Bank grew its holdings 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 purchasing an additional 206 shares during the last quarter. Victory Capital Management Inc. grew its holdings 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 purchasing an additional 414 shares during the last quarter. Teachers Advisors LLC grew its holdings 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 purchasing an additional 1,058 shares during the last quarter. Pacer Advisors Inc. grew its holdings 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 purchasing an additional 55 shares during the last quarter. Finally, IHT Wealth Management LLC grew its holdings in Autoliv by 34.8% in the first quarter. IHT Wealth Management LLC now owns 1,937 shares of the auto parts company’s stock worth $188,000 after purchasing an additional 500 shares during the last quarter. 32.76% of the stock is currently owned by institutional investors and hedge funds.
Autoliv Company Profile
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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