Nomura Asset Management Co. Ltd. raised its position in Autoliv, Inc. (NYSE:ALV) by 10.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,758 shares of the auto parts company’s stock after purchasing an additional 1,300 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Autoliv were worth $1,700,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of ALV. Raymond James Financial Services Advisors Inc. grew its stake in Autoliv by 0.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,404 shares of the auto parts company’s stock worth $1,033,000 after acquiring an additional 28 shares in the last quarter. Prudential Financial Inc. grew its stake in Autoliv by 1.1% in the 2nd quarter. Prudential Financial Inc. now owns 5,072 shares of the auto parts company’s stock worth $557,000 after acquiring an additional 53 shares in the last quarter. Bridgewater Associates LP grew its stake in Autoliv by 1.5% in the 2nd quarter. Bridgewater Associates LP now owns 6,140 shares of the auto parts company’s stock worth $674,000 after acquiring an additional 91 shares in the last quarter. Toronto Dominion Bank grew its stake in Autoliv by 11.7% in the 2nd quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock worth $119,000 after acquiring an additional 114 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Autoliv by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 14,030 shares of the auto parts company’s stock worth $1,540,000 after acquiring an additional 140 shares in the last quarter. 33.54% of the stock is currently owned by institutional investors.
A number of equities analysts have commented on the stock. ValuEngine upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Pareto Securities upgraded shares of Autoliv from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Buckingham Research upgraded shares of Autoliv from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $87.00 to $114.00 in a research note on Friday, September 15th. Jefferies Group restated a “buy” rating and issued a $145.00 target price (up from $125.00) on shares of Autoliv in a research note on Thursday, September 21st. They noted that the move was a valuation call. Finally, Evercore ISI restated an “underperform” rating and issued a $100.00 target price (up from $85.00) on shares of Autoliv in a research note on Monday, September 18th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. Autoliv has a consensus rating of “Hold” and an average target price of $110.48.
In other Autoliv news, insider Johan Lofvenholm sold 3,965 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $128.00, for a total value of $507,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by company insiders.
Autoliv, Inc. (NYSE:ALV) opened at $125.42 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.55. Autoliv, Inc. has a one year low of $96.08 and a one year high of $129.84. The stock has a market cap of $10,910.00, a P/E ratio of 20.49, a PEG ratio of 2.49 and a beta of 1.10.
Autoliv (NYSE:ALV) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.47 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the firm earned $1.63 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. analysts predict that Autoliv, Inc. will post 6.28 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $2.40 annualized dividend and a yield of 1.91%. Autoliv’s dividend payout ratio (DPR) is 41.38%.
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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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