Autoliv Inc. (NYSE:ALV) shares rose 1.7% during mid-day trading on Monday following a better than expected earnings announcement, MarketBeat reports. The company traded as high as $105.38 and last traded at $104.55, with a volume of 883,835 shares. The stock had previously closed at $102.78.

The company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.19. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.44 billion.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 3rd. Investors of record on Thursday, February 18th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.12%. This is an increase from Autoliv’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, February 16th.

ALV has been the topic of a number of research analyst reports. Deutsche Bank reaffirmed a “hold” rating and set a $105.00 target price (up from $104.00) on shares of Autoliv in a report on Wednesday, October 14th. Zacks Investment Research lowered Autoliv from a “hold” rating to a “sell” rating in a report on Thursday, October 8th. Kepler Capital Markets lifted their target price on Autoliv from $94.00 to $101.00 and gave the stock a “reduce” rating in a report on Tuesday, January 5th. RBC Capital lifted their target price on Autoliv from $105.00 to $110.00 and gave the stock a “sector perform” rating in a report on Monday, October 5th. Finally, Susquehanna lifted their target price on Autoliv from $119.00 to $120.00 in a report on Tuesday, October 20th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. Autoliv has an average rating of “Hold” and a consensus target price of $113.41.

Several large investors have recently made changes to their positions in the stock. Janus Capital Management raised its stake in shares of Autoliv by 1,951.1% in the third quarter. Janus Capital Management now owns 153,832 shares of the company’s stock valued at $16,770,000 after buying an additional 146,332 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in Autoliv by 34.4% in the fourth quarter. Gateway Investment Advisers LLC now owns 131,208 shares of the company’s stock valued at $16,371,000 after buying an additional 33,614 shares during the period. British Columbia Investment Management Corp raised its stake in Autoliv by 135.5% in the fourth quarter. British Columbia Investment Management Corp now owns 53,632 shares of the company’s stock valued at $6,692,000 after buying an additional 30,858 shares during the period. Natixis Asset Management raised its stake in Autoliv by 0.9% in the third quarter. Natixis Asset Management now owns 35,100 shares of the company’s stock valued at $3,760,000 after buying an additional 300 shares during the period. Finally, Russell Frank Co raised its stake in Autoliv by 100.0% in the fourth quarter. Russell Frank Co now owns 29,768 shares of the company’s stock valued at $3,757,000 after buying an additional 14,882 shares during the period.

The firm has a 50 day moving average of $116.65 and a 200-day moving average of $113.23. The company has a market capitalization of $9.29 billion and a PE ratio of 22.34.

Autoliv, Inc. is a developer, manufacturer and supplier of automotive safety systems to the automotive industry. The Company’s range of product offerings includes passive safety systems and active safety systems. Passive safety systems are primarily meant to improve vehicle safety, and include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, passive safety electronics, whiplash protection systems and child seats, and components for such systems. Active safety systems are designed to make driving easier and more comfortable and to intervene before a collision in order to make accidents avoidable or reduce the impact. Active safety products include automotive radars, night driving assist, camera-based vision systems, brake controls and other active safety systems. It has approximately 80 production facilities located in around 27 countries, consisting of both component factories and assembly factories.

12 Month Chart for NYSE:ALV

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