Autoliv, Inc. (NYSE:ALV – Get Rating) – Equities researchers at Zacks Research upped their Q2 2024 earnings per share estimates for Autoliv in a note issued to investors on Thursday, June 1st. Zacks Research analyst R. Singhi now expects that the auto parts company will post earnings per share of $1.95 for the quarter, up from their prior forecast of $1.93. The consensus estimate for Autoliv’s current full-year earnings is $6.38 per share. Zacks Research also issued estimates for Autoliv’s Q4 2024 earnings at $2.38 EPS and FY2025 earnings at $9.89 EPS.
ALV has been the topic of a number of other reports. Kepler Capital Markets raised Autoliv from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Thursday, May 11th. Robert W. Baird decreased their price objective on shares of Autoliv from $101.00 to $99.00 in a report on Monday, April 24th. Bank of America initiated coverage on shares of Autoliv in a report on Tuesday, February 21st. They issued a “buy” rating and a $130.00 price objective for the company. StockNews.com lowered shares of Autoliv from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Barclays decreased their price objective on shares of Autoliv from $100.00 to $95.00 in a report on Monday, April 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $98.77.
Autoliv Stock Up 3.6 %
Autoliv (NYSE:ALV – Get Rating) last released its quarterly earnings data on Friday, April 21st. The auto parts company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.81 by $0.09. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.32 billion. Autoliv had a return on equity of 16.30% and a net margin of 4.51%. The company’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share.
Institutional Investors Weigh In On Autoliv
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in Autoliv by 188.9% in the 1st quarter. BlackRock Inc. now owns 5,468,058 shares of the auto parts company’s stock worth $510,498,000 after buying an additional 3,575,146 shares during the period. State Street Corp boosted its holdings in Autoliv by 185.3% in the 1st quarter. State Street Corp now owns 1,455,700 shares of the auto parts company’s stock worth $135,904,000 after buying an additional 945,517 shares during the period. Assenagon Asset Management S.A. bought a new position in Autoliv in the 4th quarter worth $69,368,000. Norges Bank bought a new position in Autoliv in the 4th quarter worth $67,916,000. Finally, Millennium Management LLC boosted its holdings in Autoliv by 292.3% in the 4th quarter. Millennium Management LLC now owns 1,146,435 shares of the auto parts company’s stock worth $87,794,000 after buying an additional 854,212 shares during the period. Institutional investors own 46.63% of the company’s stock.
Insider Activity
In other news, Director Jan Carlson sold 2,614 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $88.98, for a total transaction of $232,593.72. Following the completion of the sale, the director now owns 77,493 shares of the company’s stock, valued at approximately $6,895,327.14. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.
Autoliv Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 13th. Stockholders of record on Thursday, May 25th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Wednesday, May 24th. Autoliv’s payout ratio is 55.23%.
About Autoliv
Autoliv, Inc engages in the development, manufacture, and supply of automotive safety systems. The firm’s products include passive safety systems, including modules and components for passenger and driver airbags, side airbags, curtain airbags, seatbelts and steering wheels. It also supplies anti-whiplash systems and pedestrian protection systems.
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