Platinum Investment Management Ltd. bought a new position in shares of Autoliv, Inc. (NYSE:ALV – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 1,368 shares of the auto parts company’s stock, valued at approximately $116,000.
Several other hedge funds and other institutional investors have also modified their holdings of ALV. JPMorgan Chase & Co. lifted its position in shares of Autoliv by 51.4% during the 1st quarter. JPMorgan Chase & Co. now owns 22,346 shares of the auto parts company’s stock worth $1,708,000 after buying an additional 7,587 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Autoliv by 7.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,092 shares of the auto parts company’s stock valued at $236,000 after purchasing an additional 217 shares during the last quarter. Bank of New York Mellon Corp raised its position in Autoliv by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 107,903 shares of the auto parts company’s stock valued at $8,247,000 after purchasing an additional 2,073 shares during the last quarter. American Century Companies Inc. raised its position in Autoliv by 16.8% in the 1st quarter. American Century Companies Inc. now owns 24,143 shares of the auto parts company’s stock valued at $1,845,000 after purchasing an additional 3,464 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Autoliv in the 1st quarter valued at $122,000. Institutional investors own 56.70% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have issued reports on ALV shares. Citigroup cut their price objective on Autoliv from $99.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, October 11th. Danske downgraded Autoliv from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Robert W. Baird boosted their target price on Autoliv from $102.00 to $106.00 and gave the stock a “neutral” rating in a research report on Monday, July 24th. Barclays raised their price target on Autoliv from $97.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Finally, Mizuho boosted their price objective on Autoliv from $96.00 to $106.00 and gave the stock a “buy” rating in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $107.00.
Autoliv Trading Down 0.9 %
Autoliv stock traded down $0.91 during midday trading on Tuesday, hitting $101.87. 114,429 shares of the stock were exchanged, compared to its average volume of 1,002,468. The company has a fifty day simple moving average of $95.95 and a two-hundred day simple moving average of $92.82. Autoliv, Inc. has a 52 week low of $73.65 and a 52 week high of $103.99. The stock has a market capitalization of $8.57 billion, a PE ratio of 21.24, a P/E/G ratio of 0.47 and a beta of 1.73. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.51.
Autoliv (NYSE:ALV – Get Free Report) last released its quarterly earnings data on Friday, October 20th. The auto parts company reported $1.66 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.13). Autoliv had a return on equity of 20.97% and a net margin of 4.15%. The firm had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the business earned $1.23 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts anticipate that Autoliv, Inc. will post 7.04 EPS for the current fiscal year.
Autoliv Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Tuesday, November 28th will be paid a dividend of $0.68 per share. This is a positive change from Autoliv’s previous quarterly dividend of $0.66. The ex-dividend date is Monday, November 27th. This represents a $2.72 annualized dividend and a yield of 2.67%. Autoliv’s dividend payout ratio (DPR) is presently 56.20%.
Autoliv Company 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.
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