ALV has been the subject of a number of other reports. Robert W. Baird downgraded Autoliv from an outperform rating to a neutral rating in a research report on Monday, October 1st. Zacks Investment Research downgraded Autoliv from a hold rating to a sell rating in a research report on Monday, September 10th. Evercore ISI downgraded Autoliv to a hold rating and set a $90.00 price objective for the company. in a research report on Friday, October 12th. Jefferies Financial Group set a $100.00 price objective on Autoliv and gave the stock a buy rating in a research report on Friday, October 5th. Finally, Wolfe Research assumed coverage on Autoliv in a research report on Tuesday, October 2nd. They set an underperform rating for the company. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $113.62.
Shares of ALV traded up $0.64 during mid-day trading on Tuesday, reaching $83.48. 4,259 shares of the company were exchanged, compared to its average volume of 1,009,978. Autoliv has a 52 week low of $75.99 and a 52 week high of $115.37. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.23 and a quick ratio of 0.97. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 0.66 and a beta of 1.22.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Wednesday, November 21st will be issued a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $2.48 dividend on an annualized basis and a yield of 2.97%. Autoliv’s payout ratio is currently 37.69%.
In other Autoliv news, Director Jan Carlson sold 42,589 shares of Autoliv stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $89.53, for a total value of $3,812,993.17. Following the completion of the sale, the director now directly owns 53,579 shares in the company, valued at $4,796,927.87. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.25% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Murphy Pohlad Asset Management LLC grew its stake in Autoliv by 3.0% in the second quarter. Murphy Pohlad Asset Management LLC now owns 18,430 shares of the auto parts company’s stock valued at $2,639,000 after acquiring an additional 545 shares during the period. Aperio Group LLC grew its stake in Autoliv by 3.9% in the second quarter. Aperio Group LLC now owns 14,476 shares of the auto parts company’s stock valued at $2,073,000 after acquiring an additional 546 shares during the period. DnB Asset Management AS grew its stake in Autoliv by 5.3% in the second quarter. DnB Asset Management AS now owns 11,952 shares of the auto parts company’s stock valued at $1,712,000 after acquiring an additional 600 shares during the period. Janney Montgomery Scott LLC grew its stake in Autoliv by 11.4% in the second quarter. Janney Montgomery Scott LLC now owns 6,088 shares of the auto parts company’s stock valued at $872,000 after acquiring an additional 624 shares during the period. Finally, Eagle Ridge Investment Management grew its stake in Autoliv by 1.6% in the second quarter. Eagle Ridge Investment Management now owns 41,734 shares of the auto parts company’s stock valued at $5,977,000 after acquiring an additional 639 shares during the period. 40.17% of the stock is owned by hedge funds and other institutional investors.
Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.
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