Prudential PLC Purchases 62,170 Shares of Autoliv, Inc. (NYSE:ALV)

Prudential PLC increased its position in Autoliv, Inc. (NYSE:ALV) by 2,891.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,320 shares of the auto parts company’s stock after purchasing an additional 62,170 shares during the quarter. Prudential PLC owned approximately 0.08% of Autoliv worth $6,882,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. KRS Capital Management LLC lifted its holdings in shares of Autoliv by 3.7% during the 1st quarter. KRS Capital Management LLC now owns 2,788 shares of the auto parts company’s stock worth $336,000 after acquiring an additional 100 shares during the period. State of Michigan Retirement System lifted its stake in Autoliv by 0.6% during the first quarter. State of Michigan Retirement System now owns 18,100 shares of the auto parts company’s stock worth $2,180,000 after purchasing an additional 100 shares during the period. GAMMA Investing LLC boosted its holdings in Autoliv by 62.7% during the second quarter. GAMMA Investing LLC now owns 262 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 101 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Autoliv by 1.1% in the 4th quarter. Corient Private Wealth LLC now owns 9,490 shares of the auto parts company’s stock valued at $1,046,000 after purchasing an additional 107 shares during the period. Finally, Smithfield Trust Co raised its holdings in shares of Autoliv by 12.1% in the 1st quarter. Smithfield Trust Co now owns 1,330 shares of the auto parts company’s stock worth $160,000 after buying an additional 144 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ALV. HSBC began coverage on Autoliv in a research report on Monday, July 15th. They issued a “buy” rating and a $134.00 price target on the stock. StockNews.com lowered shares of Autoliv from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 13th. Barclays cut their price target on shares of Autoliv from $125.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, July 22nd. UBS Group raised shares of Autoliv from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $102.00 to $141.00 in a research note on Tuesday, May 28th. Finally, Wells Fargo & Company cut their target price on shares of Autoliv from $122.00 to $103.00 and set an “equal weight” rating for the company in a research note on Monday, July 22nd. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Autoliv presently has a consensus rating of “Moderate Buy” and an average price target of $125.46.

Autoliv Stock Up 1.3 %

NYSE ALV opened at $97.30 on Tuesday. The stock has a market capitalization of $7.79 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 0.79 and a beta of 1.60. Autoliv, Inc. has a 52 week low of $89.37 and a 52 week high of $129.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.73 and a current ratio of 0.98. The stock has a fifty day moving average of $101.32 and a 200-day moving average of $112.59.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Autoliv had a return on equity of 30.05% and a net margin of 5.91%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the business earned $1.93 earnings per share. Autoliv’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities research analysts forecast that Autoliv, Inc. will post 9.05 EPS for the current year.

Autoliv Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Wednesday, September 4th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $2.72 annualized dividend and a yield of 2.80%. Autoliv’s dividend payout ratio is currently 42.43%.

Autoliv Profile

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, and inflator technologies.