Autoliv (NYSE:ALV) Shares Gap Down to $108.58

Shares of Autoliv, Inc. (NYSE:ALV) gapped down before the market opened on Friday . The stock had previously closed at $108.58, but opened at $99.04. Autoliv shares last traded at $100.59, with a volume of 350,034 shares.

Analysts Set New Price Targets

ALV has been the topic of a number of recent analyst reports. HSBC assumed coverage on Autoliv in a research report on Monday. They set a “buy” rating and a $134.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Autoliv from $117.00 to $129.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Citigroup cut their price target on Autoliv from $128.00 to $119.00 and set a “neutral” rating for the company in a report on Friday, July 12th. BNP Paribas began coverage on Autoliv in a report on Tuesday, June 18th. They issued a “neutral” rating for the company. Finally, Wells Fargo & Company cut their price target on Autoliv from $128.00 to $122.00 and set an “equal weight” rating for the company in a report on Tuesday, June 25th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.08.

Autoliv Price Performance

The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 0.66 and a beta of 1.61. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.82 and a current ratio of 1.10. The company has a 50 day moving average of $115.70 and a 200 day moving average of $114.67.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, April 26th. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.18. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a return on equity of 29.84% and a net margin of 5.10%. As a group, equities research analysts anticipate that Autoliv, Inc. will post 9.74 EPS for the current year.

Autoliv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Thursday, May 23rd were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $2.72 annualized dividend and a dividend yield of 2.79%. Autoliv’s dividend payout ratio is currently 42.43%.

Insider Transactions at Autoliv

In other news, Director Jan Carlson sold 1,900 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $126.75, for a total transaction of $240,825.00. Following the completion of the transaction, the director now directly owns 77,493 shares of the company’s stock, valued at approximately $9,822,237.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

Institutional Trading of Autoliv

Several institutional investors and hedge funds have recently made changes to their positions in ALV. KRS Capital Management LLC grew its holdings in shares of Autoliv by 3.7% in the 1st quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock worth $336,000 after acquiring an additional 100 shares during the period. State of Michigan Retirement System grew its holdings in shares of Autoliv by 0.6% in the 1st quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock worth $2,180,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC grew its holdings in shares of Autoliv by 62.7% in the 2nd quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 101 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Autoliv by 1.1% in the 4th quarter. Corient Private Wealth LLC now owns 9,490 shares of the auto parts company’s stock worth $1,046,000 after acquiring an additional 107 shares during the period. Finally, Smithfield Trust Co grew its holdings in shares of Autoliv by 12.1% in the 1st quarter. Smithfield Trust Co now owns 1,330 shares of the auto parts company’s stock worth $160,000 after acquiring an additional 144 shares during the period. 69.57% of the stock is owned by hedge funds and other institutional investors.

About Autoliv

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.