State Street Corp lessened its holdings in Autoliv, Inc. (NYSE:ALV) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 829,747 shares of the auto parts company’s stock after selling 8,900 shares during the period. State Street Corp owned about 0.95% of Autoliv worth $91,121,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Autoliv by 9.8% during the second quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock worth $210,000 after acquiring an additional 171 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Autoliv by 20.5% during the second quarter. BNP Paribas Arbitrage SA now owns 14,626 shares of the auto parts company’s stock valued at $1,606,000 after buying an additional 2,488 shares in the last quarter. Freestone Capital Holdings LLC raised its holdings in Autoliv by 17.0% during the second quarter. Freestone Capital Holdings LLC now owns 34,184 shares of the auto parts company’s stock valued at $3,753,000 after buying an additional 4,979 shares in the last quarter. Principal Financial Group Inc. raised 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 valued at $244,927,000 after buying an additional 2,010,970 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Autoliv by 56.2% during the second quarter. Russell Investments Group Ltd. now owns 16,800 shares of the auto parts company’s stock valued at $1,845,000 after buying an additional 6,046 shares in the last quarter. 32.72% of the stock is owned by institutional investors and hedge funds.
Autoliv, Inc. (ALV) traded up $0.04 during trading on Friday, hitting $123.44. 385,200 shares of the stock were exchanged, compared to its average volume of 550,206. Autoliv, Inc. has a one year low of $96.08 and a one year high of $127.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.55. The firm has a market cap of $10,730.02, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 2.40 and a beta of 1.10.
Autoliv (NYSE:ALV) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.14. Autoliv had a net margin of 4.96% and a return on equity of 13.42%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the business posted $1.63 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. analysts expect that Autoliv, Inc. will post 6.26 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.94%. Autoliv’s payout ratio is 41.38%.
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A number of equities analysts have recently commented on the company. Piper Jaffray Companies reiterated a “hold” rating and issued a $99.00 price objective on shares of Autoliv in a research note on Wednesday, July 26th. BMO Capital Markets reiterated an “outperform” rating and issued a $121.00 price objective on shares of Autoliv in a research note on Wednesday, July 26th. ValuEngine raised Autoliv from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Buckingham Research raised Autoliv from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $87.00 to $114.00 in a research report on Friday, September 15th. Finally, Royal Bank of Canada decreased their price objective on Autoliv from $100.00 to $98.00 and set a “sector perform” rating on the stock in a report on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $113.95.
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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