Autoliv, Inc. (NYSE:ALV) Announces Quarterly Dividend of $0.85

Autoliv, Inc. (NYSE:ALV - Get Free Report) declared a quarterly dividend on Wednesday, June 4th, RTT News reports. Stockholders of record on Friday, September 5th will be given a dividend of 0.85 per share by the auto parts company on Tuesday, September 23rd. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Friday, September 5th. This is a 21.4% increase from Autoliv's previous quarterly dividend of $0.70.

Autoliv has a payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Autoliv to earn $10.83 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 25.9%.

Autoliv Price Performance

Shares of ALV stock traded up $1.67 on Thursday, reaching $105.08. The company's stock had a trading volume of 789,618 shares, compared to its average volume of 818,699. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. Autoliv has a 12-month low of $75.49 and a 12-month high of $121.38. The company has a market capitalization of $8.12 billion, a P/E ratio of 13.02, a PEG ratio of 0.73 and a beta of 1.36. The stock's 50 day simple moving average is $92.83 and its 200-day simple moving average is $94.72.

Autoliv (NYSE:ALV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The auto parts company reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.72 by $0.43. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $1.58 earnings per share. As a group, equities analysts predict that Autoliv will post 9.51 earnings per share for the current fiscal year.

Institutional Trading of Autoliv

Several large investors have recently modified their holdings of ALV. NewEdge Advisors LLC grew its stake in shares of Autoliv by 11.2% in the first quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company's stock worth $287,000 after purchasing an additional 326 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Autoliv in the first quarter worth about $412,000. Jones Financial Companies Lllp grew its stake in shares of Autoliv by 3,361.1% in the first quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company's stock worth $937,000 after purchasing an additional 10,285 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Autoliv by 88.5% in the first quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company's stock worth $16,935,000 after purchasing an additional 89,918 shares during the last quarter. 69.57% of the stock is owned by institutional investors.

Autoliv announced that its board has authorized a share buyback plan on Wednesday, June 4th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the auto parts company to reacquire up to 31.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. TD Cowen assumed coverage on Autoliv in a research report on Friday, March 7th. They set a "buy" rating and a $116.00 price target on the stock. UBS Group raised their price target on Autoliv from $103.00 to $123.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Wall Street Zen upgraded Autoliv from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. BNP Paribas upgraded Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 9th. Finally, Barclays raised their price target on Autoliv from $97.00 to $105.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $114.00.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.