Parametric Portfolio Associates LLC lessened its stake in shares of Autoliv, Inc. (NYSE:ALV) by 20.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,492 shares of the auto parts company’s stock after selling 18,336 shares during the period. Parametric Portfolio Associates LLC owned about 0.08% of Autoliv worth $7,850,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ALV. BlackRock Inc. increased its holdings in Autoliv by 2,592.0% during the first quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock worth $277,583,000 after buying an additional 2,613,635 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Autoliv by 915.3% during the second quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock worth $244,927,000 after buying an additional 2,010,970 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Autoliv by 68.9% during the first quarter. Dimensional Fund Advisors LP now owns 727,392 shares of the auto parts company’s stock worth $74,375,000 after buying an additional 296,818 shares during the last quarter. Carve CapitalAB purchased a new stake in Autoliv during the second quarter worth about $22,304,000. Finally, FMR LLC increased its holdings in Autoliv by 7.3% during the second quarter. FMR LLC now owns 1,821,095 shares of the auto parts company’s stock worth $199,956,000 after buying an additional 123,781 shares during the last quarter. Institutional investors and hedge funds own 32.74% of the company’s stock.
Autoliv, Inc. (NYSE ALV) opened at 123.45 on Friday. The stock has a market capitalization of $10.73 billion, a P/E ratio of 19.50 and a beta of 1.14. The firm’s 50 day moving average is $122.44 and its 200 day moving average is $111.46. Autoliv, Inc. has a 1-year low of $93.31 and a 1-year high of $127.75.
Autoliv (NYSE:ALV) last released its quarterly earnings data on Wednesday, October 25th. The auto parts company reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.14. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.50 billion. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 earnings per share. On average, equities research analysts anticipate that Autoliv, Inc. will post $6.22 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Tuesday, November 21st. Autoliv’s dividend payout ratio (DPR) is currently 37.97%.
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A number of brokerages have weighed in on ALV. Wells Fargo & Company increased their target price on shares of Autoliv to $140.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th. They noted that the move was a valuation call. Citigroup Inc. increased their target price on shares of Autoliv from $105.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, September 15th. Buckingham Research reiterated a “sell” rating and set a $87.00 target price on shares of Autoliv in a research report on Thursday, September 14th. Deutsche Bank AG reiterated a “hold” rating and set a $120.00 target price (up previously from $101.00) on shares of Autoliv in a research report on Thursday, September 14th. Finally, Mizuho increased their target price on shares of Autoliv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, September 15th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $113.10.
Autoliv Company Profile
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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