Janus Henderson Group PLC raised its holdings in shares of Autoliv Inc. (NYSE:ALV) by 41.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,179 shares of the auto parts company’s stock after buying an additional 7,606 shares during the period. Janus Henderson Group PLC’s holdings in Autoliv were worth $3,236,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Toronto Dominion Bank lifted its position in Autoliv by 11.7% during the second quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock valued at $119,000 after buying an additional 114 shares in the last quarter. Victory Capital Management Inc. lifted its position in Autoliv by 43.9% during the second quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock valued at $149,000 after buying an additional 414 shares in the last quarter. Teachers Advisors LLC lifted its position in Autoliv by 288.3% during the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock valued at $156,000 after buying an additional 1,058 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Autoliv by 9.8% during the second quarter. JPMorgan Chase & Co. now owns 1,920 shares of the auto parts company’s stock valued at $210,000 after buying an additional 171 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Autoliv by 8.1% during the second quarter. Pacer Advisors Inc. now owns 1,944 shares of the auto parts company’s stock worth $213,000 after purchasing an additional 145 shares in the last quarter. 33.42% of the stock is currently owned by hedge funds and other institutional investors.
ALV has been the topic of a number of recent research reports. Royal Bank of Canada reissued a “hold” rating and set a $118.00 target price on shares of Autoliv in a research report on Monday, September 18th. Evercore ISI reissued an “underperform” rating and set a $100.00 target price (up from $85.00) on shares of Autoliv in a research report on Monday, September 18th. Jefferies Group reissued a “buy” rating and set a $145.00 target price (up from $125.00) on shares of Autoliv in a research report on Thursday, September 21st. They noted that the move was a valuation call. Robert W. Baird reissued a “hold” rating on shares of Autoliv in a research report on Thursday, September 21st. Finally, Cowen began coverage on shares of Autoliv in a research report on Monday, September 25th. They set a “market perform” rating and a $120.00 target price on the stock. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $115.20.
In other news, insider Johan Lofvenholm sold 3,965 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $128.00, for a total transaction of $507,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is currently owned by corporate insiders.
Shares of Autoliv Inc. (ALV) opened at $136.29 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.23 and a debt-to-equity ratio of 0.31. Autoliv Inc. has a 12 month low of $96.08 and a 12 month high of $136.30. The firm has a market cap of $11,740.41, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 2.32 and a beta of 1.11.
Autoliv (NYSE:ALV) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.33 by $0.14. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.50 billion. Autoliv had a net margin of 4.96% and a return on equity of 13.42%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.63 earnings per share. equities research analysts forecast that Autoliv Inc. will post 6.27 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $2.40 annualized dividend and a dividend yield of 1.76%. Autoliv’s dividend payout ratio is currently 41.38%.
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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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