Autoliv (NYSE:ALV) Shares Gap Up to $92.50

Autoliv, Inc. (NYSE:ALV - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $92.50, but opened at $95.57. Autoliv shares last traded at $95.43, with a volume of 156,824 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ALV shares. Citigroup cut their target price on shares of Autoliv from $119.00 to $108.00 and set a "neutral" rating for the company in a report on Monday, July 22nd. Hsbc Global Res upgraded shares of Autoliv to a "strong-buy" rating in a research report on Monday, July 15th. BNP Paribas began coverage on Autoliv in a research report on Tuesday, June 18th. They issued a "neutral" rating for the company. Wolfe Research assumed coverage on Autoliv in a research note on Thursday, September 5th. They set an "outperform" rating and a $120.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $116.00 price objective on shares of Autoliv in a research note on Tuesday, September 10th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $124.71.

Autoliv Stock Up 3.0 %

The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.73 and a current ratio of 0.98. The company has a market cap of $7.76 billion, a P/E ratio of 15.07, a price-to-earnings-growth ratio of 0.68 and a beta of 1.60. The business's fifty day moving average is $97.61 and its two-hundred day moving average is $110.67.

Autoliv (NYSE:ALV - Get Free Report) last posted its quarterly earnings results on Friday, July 19th. The auto parts company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.57). The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.73 billion. Autoliv had a net margin of 5.91% and a return on equity of 30.05%. The business's revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.93 EPS. Equities analysts predict that Autoliv, Inc. will post 8.61 EPS for the current year.

Autoliv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.72 annualized dividend and a dividend yield of 2.85%. 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. Swedbank AB raised its holdings in shares of Autoliv by 20.5% in the 2nd quarter. Swedbank AB now owns 2,362,040 shares of the auto parts company's stock valued at $252,715,000 after purchasing an additional 402,426 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Autoliv by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,316,874 shares of the auto parts company's stock worth $140,892,000 after buying an additional 40,957 shares in the last quarter. Mondrian Investment Partners LTD lifted its holdings in Autoliv by 21.8% during the second quarter. Mondrian Investment Partners LTD now owns 1,160,076 shares of the auto parts company's stock worth $117,330,000 after buying an additional 207,521 shares during the period. Public Sector Pension Investment Board boosted its position in Autoliv by 41.0% during the 4th quarter. Public Sector Pension Investment Board now owns 958,304 shares of the auto parts company's stock valued at $105,596,000 after acquiring an additional 278,800 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in Autoliv by 169.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 759,239 shares of the auto parts company's stock valued at $83,661,000 after acquiring an additional 477,800 shares in the last quarter. 69.57% of the stock is currently owned by 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.