Autoliv (NYSE:ALV) Posts Earnings Results

Autoliv (NYSE:ALV – Get Rating) announced its earnings results on Friday. The auto parts company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($1.00), MarketWatch Earnings reports. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.15 billion. Autoliv had a net margin of 5.30% and a return on equity of 17.00%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.79 earnings per share.

Shares of NYSE:ALV traded down $4.51 on Friday, hitting $73.05. The company’s stock had a trading volume of 36,858 shares, compared to its average volume of 718,969. Autoliv has a 12 month low of $70.15 and a 12 month high of $110.59. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 14.77 and a beta of 1.77. The stock’s 50-day moving average is $80.69 and its two-hundred day moving average is $93.19. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.03 and a current ratio of 1.30.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 23rd. Stockholders of record on Tuesday, March 8th were paid a $0.64 dividend. The ex-dividend date was Monday, March 7th. This represents a $2.56 annualized dividend and a dividend yield of 3.50%. Autoliv’s payout ratio is 51.51%.

Several research firms recently issued reports on ALV. StockNews.com began coverage on Autoliv in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on Autoliv from $123.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday. Zacks Investment Research lowered Autoliv from a “hold” rating to a “strong sell” rating and set a $65.00 price target on the stock. in a research report on Tuesday, April 5th. Jefferies Financial Group dropped their price target on Autoliv from $121.00 to $108.00 and set a “buy” rating on the stock in a research report on Tuesday, March 15th. Finally, Mizuho lowered their price objective on Autoliv from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $101.00.

In related news, insider Fredrik Westin sold 1,060 shares of the firm’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $75.38, for a total transaction of $79,902.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mikael Bratt sold 935 shares of the firm’s stock in a transaction dated Wednesday, February 23rd. The shares were sold at an average price of $97.33, for a total value of $91,003.55. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Schonfeld Strategic Advisors LLC bought a new position in Autoliv during the fourth quarter valued at about $207,000. Vident Investment Advisory LLC purchased a new stake in shares of Autoliv during the fourth quarter valued at $234,000. LPL Financial LLC lifted its holdings in shares of Autoliv by 34.1% during the third quarter. LPL Financial LLC now owns 6,759 shares of the auto parts company’s stock valued at $579,000 after purchasing an additional 1,718 shares during the last quarter. Horizon Investments LLC lifted its holdings in shares of Autoliv by 3.6% during the fourth quarter. Horizon Investments LLC now owns 8,906 shares of the auto parts company’s stock valued at $921,000 after purchasing an additional 313 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Autoliv by 103.6% during the fourth quarter. Sei Investments Co. now owns 16,667 shares of the auto parts company’s stock valued at $1,731,000 after purchasing an additional 8,482 shares during the last quarter. 53.46% of the stock is owned by institutional investors and hedge funds.

Autoliv Company Profile (Get Rating)

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, inflator technologies, and battery cut-off switches, as well as anti-whiplash systems and pedestrian protection systems, and connected safety services and solutions for riders of powered two wheelers.

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