Autoliv, Inc. (NYSE:ALV - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $120.30 and last traded at $119.70, with a volume of 442339 shares trading hands. The stock had previously closed at $118.92.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Autoliv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. BNP Paribas upgraded shares of Autoliv from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 9th. Jefferies Financial Group started coverage on shares of Autoliv in a research report on Wednesday, July 2nd. They set a "buy" rating and a $140.00 price objective on the stock. Barclays restated an "overweight" rating and set a $135.00 price target (up previously from $105.00) on shares of Autoliv in a research report on Wednesday, July 16th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $120.64.
Check Out Our Latest Analysis on Autoliv
Autoliv Stock Performance
The company has a market cap of $9.19 billion, a PE ratio of 13.10, a PEG ratio of 1.23 and a beta of 1.39. The business's 50-day moving average is $114.11 and its 200 day moving average is $101.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.93.
Autoliv (NYSE:ALV - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The auto parts company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.07 by $0.14. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.57 billion. Autoliv had a return on equity of 30.73% and a net margin of 6.83%.The company's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.87 earnings per share. On average, equities research analysts predict that Autoliv, Inc. will post 9.51 EPS for the current fiscal year.
Autoliv Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be paid a $0.85 dividend. This is an increase from Autoliv's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.8%. Autoliv's payout ratio is presently 30.63%.
Autoliv declared that its Board of Directors has approved a share buyback program on Wednesday, June 4th that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the auto parts company to purchase up to 31.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.
Insider Activity at Autoliv
In related news, Director Jan Carlson sold 1,555 shares of Autoliv stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $108.32, for a total value of $168,437.60. Following the transaction, the director directly owned 77,493 shares of the company's stock, valued at $8,394,041.76. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Autoliv
A number of hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in shares of Autoliv by 1.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,517,790 shares of the auto parts company's stock valued at $281,741,000 after acquiring an additional 34,064 shares during the period. Swedbank AB increased its holdings in Autoliv by 26.3% during the 2nd quarter. Swedbank AB now owns 2,397,735 shares of the auto parts company's stock valued at $268,307,000 after purchasing an additional 499,411 shares during the period. Dimensional Fund Advisors LP increased its holdings in Autoliv by 14.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,857,069 shares of the auto parts company's stock valued at $164,257,000 after purchasing an additional 233,469 shares during the period. LSV Asset Management increased its holdings in Autoliv by 83.3% during the 2nd quarter. LSV Asset Management now owns 1,020,082 shares of the auto parts company's stock valued at $114,147,000 after purchasing an additional 463,449 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in Autoliv by 26.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 999,506 shares of the auto parts company's stock valued at $111,845,000 after purchasing an additional 206,200 shares during the period. Hedge funds and other institutional investors own 69.57% of the company's stock.
About Autoliv
(
Get Free Report)
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.
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