Autoliv, Inc. (NYSE:ALV) – Analysts at Jefferies Group decreased their FY2017 EPS estimates for shares of Autoliv in a research note issued to investors on Tuesday. Jefferies Group analyst A. Kurian now anticipates that the auto parts company will post earnings per share of $6.10 for the year, down from their prior forecast of $6.19. Jefferies Group has a “Buy” rating and a $119.00 price target on the stock.
Other equities analysts also recently issued reports about the company. BidaskClub downgraded Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Mizuho raised Autoliv from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $108.00 to $130.00 in a research report on Monday, July 17th. Royal Bank Of Canada reissued a “hold” rating and set a $98.00 price objective on shares of Autoliv in a research report on Thursday, July 6th. CLSA started 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, Zacks Investment Research raised Autoliv from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $105.44.
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Shares of Autoliv (NYSE:ALV) opened at 113.24 on Wednesday. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 17.89 and a beta of 1.12. Autoliv has a 52-week low of $93.31 and a 52-week high of $117.54. The firm’s 50 day moving average is $107.96 and its 200 day moving average is $106.46.
Autoliv (NYSE:ALV) last released its quarterly 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). The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.75 earnings per share.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Toronto Dominion Bank lifted its stake in Autoliv by 11.7% in 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 during the last quarter. Colony Group LLC purchased a new stake in Autoliv in the second quarter valued at approximately $247,000. California State Teachers Retirement System purchased a new stake in Autoliv in the second quarter valued at approximately $733,000. Raymond James Financial Services Advisors Inc. lifted its stake 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 buying an additional 28 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Autoliv by 8.3% in the second quarter. The Manufacturers Life Insurance Company now owns 3,236 shares of the auto parts company’s stock valued at $355,000 after buying an additional 249 shares during the last quarter. Institutional investors own 34.76% of the company’s stock.
In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $250,859.05. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.25% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, November 21st. Autoliv’s dividend payout ratio (DPR) is 37.97%.
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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