Stifel Financial Corp boosted its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 12.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,842 shares of the auto parts company’s stock after acquiring an additional 4,902 shares during the period. Stifel Financial Corp owned approximately 0.05% of Autoliv worth $4,817,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of ALV. BlackRock Inc. lifted 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 acquiring an additional 2,613,635 shares in the last quarter. Principal Financial Group Inc. lifted 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 acquiring an additional 2,010,970 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 acquiring an additional 296,818 shares in the last quarter. Carve CapitalAB bought a new position in Autoliv during the second quarter worth about $22,304,000. Finally, FMR LLC lifted 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 acquiring an additional 123,781 shares in the last quarter. Hedge funds and other institutional investors own 32.75% of the company’s stock.
In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total value of $134,602.00. Following the transaction, the vice president now directly owns 2,311 shares in the company, valued at $250,859.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by company insiders.
Several research analysts have weighed in on ALV shares. Mizuho lifted their target price on Autoliv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 15th. Piper Jaffray Companies set a $99.00 price target on Autoliv and gave the company a “hold” rating in a report on Monday. BidaskClub lowered Autoliv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Royal Bank Of Canada restated a “hold” rating and issued a $98.00 price target on shares of Autoliv in a report on Thursday, July 6th. Finally, Bank of America Corporation cut their price target on Autoliv from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $113.10.
Shares of Autoliv, Inc. (NYSE:ALV) opened at 125.81 on Wednesday. The company has a market capitalization of $10.93 billion, a PE ratio of 19.88 and a beta of 1.14. The firm’s 50-day moving average price is $119.44 and its 200 day moving average price is $110.07. Autoliv, Inc. has a 1-year low of $93.31 and a 1-year high of $127.75.
Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.04). The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.57 billion. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the company earned $1.75 EPS. Equities analysts predict that Autoliv, Inc. will post $6.21 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be given a $0.60 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $2.40 annualized dividend and a yield of 1.91%. Autoliv’s payout ratio is presently 37.97%.
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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