Streetbeat News

ALV

Autoliv, Inc.

https://www.autoliv.com

Industry

Auto - Parts

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. The company primarily serves car manufacturers. Autoliv, Inc. was founded in 1953 and is headquartered in Stockholm, Sweden.

Open

98.67

Mkt cap

7.7B

Volume

617K

High

99.34

P/E Ratio

12.79

52-wk high

129.38

Low

97.90

Div yield

0.03

52-wk low

89.51

Autoliv China, a subsidiary of Autoliv, Inc. (NYSE:ALV), has entered into a strategic collaboration with Great Wall Motor (GWM), a leading vehicle manufacturer in China. The partnership aims to foster innovation in the global automobile industry by jointly developing state-of-the-art technologies and new products with sustainable materials. One of the expected outcomes is the creation of innovative systems like an overhead passenger airbag and a 'zero-gravity seat' for self-driven vehicles.

Portfolio Pulse from Shivani Kumaresan

September 22, 2023 | 12:35 pm

Autoliv, a leader in automotive safety systems, has announced a collaboration with Great Wall Motor to advance automotive safety technologies. The partnership aims to develop and integrate advanced safety systems into Great Wall Motor's vehicles.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 6:56 am

The United Auto Workers (UAW) union has initiated a strike against Detroit's three major automakers: Ford Motor Co, General Motors Co, and Stellantis NV. The strike may have repercussions on auto suppliers that provide vital components and services to these automakers. The Biden administration is considering extending emergency financial support to the affected auto suppliers. The strike has affected all three automakers at their respective assembly plants.

Portfolio Pulse from AJ Fabino

September 15, 2023 | 3:42 pm

Several stocks recorded losses in Thursday's pre-market trading session. PureCycle Technologies (PCT) shares fell 14.6%, Ivanhoe Electric (IE) dipped 12.2% after pricing its public offering, IBEX Limited (IBEX) declined 11.1% following downbeat Q4 results and weak FY24 revenue outlook, Vital Energy (VTLE) fell 8.4% after announcing a public offering and plans for senior notes, Amprius Technologies (AMPX) declined 7%, Autoliv (ALV) fell 4.4%, and Virgin Galactic (SPCE) declined 2.6%.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 10:06 am

The National Highway Traffic Safety Administration (NHTSA) has made an initial decision that some air bag inflators manufactured by ARC Automotive and Delphi Automotive from 2000 through January 2018 must be recalled. These inflators, which may rupture and eject metal debris, have been incorporated into air bag modules of 12 vehicle manufacturers including BMW, Ford, General Motors, Hyundai, Kia, Stellantis, Mercedes-Benz, Tesla, Toyota, and Volkswagen. Delphi Automotive was acquired by Autoliv, who may not have the legal liability for the inflators manufactured by Delphi.

Portfolio Pulse from Anan Ashraf

September 06, 2023 | 7:02 am

Autoliv (NYSE:ALV) has announced a quarterly dividend of 66 cents per share, payable on September 22, 2023. The stock will go ex-dividend on Wednesday, meaning it will likely open 66 cents lower. Shareholders owning ALV as of the end of Tuesday's session are eligible for the dividend.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 2:45 pm

Citigroup analyst Itay Michaeli has maintained a Neutral rating on Autoliv (NYSE:ALV) and raised the price target from $97 to $99.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 2:42 pm

Barclays analyst Dan Levy maintains an Equal-Weight rating on Autoliv (NYSE:ALV) and raises the price target from $95 to $97.

Portfolio Pulse from jenniferd'souza@benzinga.com

July 25, 2023 | 10:39 am

Mizuho analyst Jason Getz reiterated a Buy rating on Autoliv, Inc. (NYSE:ALV), raising the price target to $106 from $96. Autoliv reported Q2 FY23 sales growth of 27% YoY to $2.63 billion, beating the analyst consensus. The company benefited from stronger pricing and new product launches. Autoliv's cost reduction plans are expected to save $25 million in 2024, rising to $55 million in 2025 and $75 million by completion. However, ALV shares are trading lower by 0.89% to $101.87.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2023 | 6:55 pm

Autoliv (NYSE:ALV) reported a 29.33% decrease in earnings from Q1, but a 5.7% increase in sales to $2.63 billion. The company's Return on Invested Capital (ROIC) for Q2 was 2.64%, indicating effective capital allocation. Autoliv's Q2 earnings per share of $1.93 beat analyst predictions of $1.43.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 2:45 pm

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