Autoliv (NYSE:ALV) Shares Gap Up – What’s Next?

Autoliv, Inc. (NYSE:ALV)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $93.89, but opened at $100.06. Autoliv shares last traded at $99.12, with a volume of 488,331 shares traded.

Analysts Set New Price Targets

ALV has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $116.00 price target on shares of Autoliv in a research report on Tuesday, September 10th. Robert W. Baird reduced their target price on shares of Autoliv from $128.00 to $111.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Evercore ISI dropped their price target on shares of Autoliv from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Wolfe Research assumed coverage on Autoliv in a research note on Thursday, September 5th. They issued an “outperform” rating and a $120.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on Autoliv from $103.00 to $102.00 and set an “equal weight” rating for the company in a report on Friday, September 20th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.43.

Autoliv Stock Up 6.0 %

The firm has a 50-day moving average price of $96.54 and a two-hundred day moving average price of $107.70. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 0.82 and a beta of 1.60. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.73 and a current ratio of 0.98.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.16). The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.66 earnings per share. On average, sell-side analysts forecast that Autoliv, Inc. will post 8.44 earnings per share for the current year.

Autoliv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Wednesday, September 4th were paid a dividend of $0.68 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.72 annualized dividend and a yield of 2.73%. Autoliv’s dividend payout ratio is currently 42.43%.

Institutional Trading of Autoliv

Several institutional investors and hedge funds have recently made changes to their positions in ALV. Register Financial Advisors LLC purchased a new position in shares of Autoliv during the first quarter worth approximately $36,000. KRS Capital Management LLC grew its position in Autoliv by 3.7% during the 1st quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock worth $336,000 after purchasing an additional 100 shares during the last quarter. Toth Financial Advisory Corp increased its stake in Autoliv by 21.0% in the first quarter. Toth Financial Advisory Corp now owns 9,524 shares of the auto parts company’s stock valued at $1,147,000 after purchasing an additional 1,650 shares during the period. Griffin Asset Management Inc. purchased a new stake in shares of Autoliv in the first quarter valued at about $222,000. Finally, State of Michigan Retirement System boosted its stake in shares of Autoliv by 0.6% during the first quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock worth $2,180,000 after buying an additional 100 shares during the period. 69.57% of the stock is owned by hedge funds and other institutional investors.

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.