Autoliv (NYSE:ALV) Issues Earnings Results

Autoliv (NYSE:ALV) released its quarterly earnings results on Friday. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.46 by ($0.03), Briefing.com reports. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $2.21 earnings per share.

Autoliv Stock Up 1.9%

Autoliv stock opened at $125.07 on Friday. The company’s 50-day moving average price is $121.85 and its two-hundred day moving average price is $118.62. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. The stock has a market cap of $9.36 billion, a P/E ratio of 13.45, a P/E/G ratio of 0.81 and a beta of 1.35. Autoliv has a twelve month low of $99.16 and a twelve month high of $132.17.

Autoliv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, May 20th. Autoliv’s dividend payout ratio is currently 37.42%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ALV shares. Wells Fargo & Company lifted their price objective on shares of Autoliv from $116.00 to $122.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Robert W. Baird upped their price objective on Autoliv from $119.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Weiss Ratings raised shares of Autoliv from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 6th. Bank of America assumed coverage on shares of Autoliv in a report on Thursday, April 16th. They set a “buy” rating and a $140.00 target price on the stock. Finally, UBS Group upped their target price on shares of Autoliv from $110.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, June 15th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.93.

Insider Activity

In other news, Director Jan Carlson sold 19,607 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $130.00, for a total value of $2,548,910.00. Following the transaction, the director owned 60,000 shares of the company’s stock, valued at approximately $7,800,000. This represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in shares of Autoliv by 151.7% in the third quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock valued at $114,077,000 after acquiring an additional 556,651 shares during the period. Freestone Grove Partners LP bought a new stake in Autoliv in the 4th quarter valued at about $44,689,000. Balyasny Asset Management L.P. acquired a new position in shares of Autoliv during the 2nd quarter worth approximately $34,816,000. Credit Agricole S A bought a new position in shares of Autoliv during the third quarter worth approximately $30,220,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Autoliv during the fourth quarter worth approximately $20,953,000. 69.57% of the stock is owned by institutional investors and hedge funds.

About Autoliv

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.