Autoliv (ALV) Reaches New 1-Year High at $127.76
Autoliv, Inc. (NYSE:ALV) hit a new 52-week high on Thursday . The stock traded as high as $127.76 and last traded at $126.82, with a volume of 232200 shares traded. The stock had previously closed at $127.06.
ALV has been the subject of several analyst reports. Mizuho upped their target price on Autoliv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, September 15th. Zacks Investment Research raised Autoliv from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Wednesday, November 1st. Piper Jaffray Companies set a $99.00 target price on Autoliv and gave the stock a “hold” rating in a research report on Monday, October 16th. KeyCorp reaffirmed 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. Finally, Jefferies Group set a $145.00 target price on Autoliv and gave the stock a “buy” rating in a research report on Thursday, October 26th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $109.23.
The stock has a market capitalization of $11,123.04, a price-to-earnings ratio of 20.40, a P/E/G ratio of 2.48 and a beta of 1.11. The company has a current ratio of 1.55, a quick ratio of 1.23 and a debt-to-equity ratio of 0.31.
In related news, insider Johan Lofvenholm sold 3,965 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $128.00, for a total value of $507,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.25% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in Autoliv by 0.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,404 shares of the auto parts company’s stock valued at $1,033,000 after purchasing an additional 28 shares during the last quarter. Prudential Financial Inc. raised its stake in Autoliv by 1.1% during the second quarter. Prudential Financial Inc. now owns 5,072 shares of the auto parts company’s stock valued at $557,000 after buying an additional 53 shares in the last quarter. Bridgewater Associates LP raised its stake in Autoliv by 1.5% during the second quarter. Bridgewater Associates LP now owns 6,140 shares of the auto parts company’s stock valued at $674,000 after buying an additional 91 shares in the last quarter. Toronto Dominion Bank raised its stake in Autoliv by 11.7% during the second quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock valued at $119,000 after buying an additional 114 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Autoliv by 1.0% during the second quarter. Rhumbline Advisers now owns 14,030 shares of the auto parts company’s stock valued at $1,540,000 after buying an additional 140 shares in the last quarter. 33.53% of the stock is owned by hedge funds and other institutional investors.
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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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