Dimensional Fund Advisors LP increased its position in shares of Autoliv Inc. (NYSE:ALV) by 4.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 373,864 shares of the company’s stock after buying an additional 14,387 shares during the period. Dimensional Fund Advisors LP owned approximately 0.42% of Autoliv worth $40,179,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ALV. Mn Services Vermogensbeheer B.V. boosted its position in Autoliv by 2.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,226 shares of the company’s stock worth $215,000 after buying an additional 44 shares during the last quarter. Hartford Investment Management Co. boosted its position in Autoliv by 4.1% in the second quarter. Hartford Investment Management Co. now owns 1,862 shares of the company’s stock worth $200,000 after buying an additional 73 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in Autoliv by 1.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,822 shares of the company’s stock worth $840,000 after buying an additional 74 shares during the last quarter. Coastline Trust Co boosted its position in Autoliv by 0.6% in the second quarter. Coastline Trust Co now owns 15,910 shares of the company’s stock worth $1,709,000 after buying an additional 90 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in Autoliv by 2.2% in the second quarter. CIBC Asset Management Inc now owns 4,416 shares of the company’s stock worth $474,000 after buying an additional 97 shares during the last quarter. 33.00% of the stock is currently owned by institutional investors.
Shares of Autoliv Inc. (NYSE:ALV) opened at 100.29 on Monday. The firm has a market cap of $8.85 billion, a P/E ratio of 15.65 and a beta of 1.29. Autoliv Inc. has a 12-month low of $95.34 and a 12-month high of $129.37. The firm has a 50-day moving average price of $105.39 and a 200-day moving average price of $112.26.
Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 22nd. The company reported $1.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.04. Autoliv had a return on equity of 16.97% and a net margin of 5.83%. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period in the prior year, the company posted $1.62 EPS. Autoliv’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities research analysts expect that Autoliv Inc. will post $6.66 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Monday, November 14th. Autoliv’s payout ratio is 36.19%.
A number of research analysts have commented on the stock. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Autoliv in a research report on Tuesday, July 26th. Royal Bank Of Canada reduced their price target on shares of Autoliv from $95.00 to $92.00 and set an “underperform” rating on the stock in a research report on Monday, July 25th. Barclays PLC reduced their price target on shares of Autoliv from $89.00 to $82.00 and set an “underweight” rating on the stock in a research report on Monday, July 25th. Zacks Investment Research raised shares of Autoliv from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Finally, Piper Jaffray Cos. set a $104.00 price target on shares of Autoliv and gave the stock a “hold” rating in a research report on Monday, July 25th. Eight equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$101.39.
Autoliv Company Profile
Autoliv, Inc is a developer, manufacturer and supplier to the automotive industry of automotive safety systems. The Company operates through two segments: Passive Safety and Electronics. Passive Safety segment includes airbags, seatbelts and steering wheels. Electronics segment includes active safety products, such as camera-based vision systems, night driving assist, automotive radars, brake controls and other active safety systems, and passive safety electronic products, such as restraint electronics and crash sensors.
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