BlackRock Advisors LLC decreased its position in Autoliv Inc. (NYSE:ALV) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,051 shares of the company’s stock after selling 236 shares during the period. BlackRock Advisors LLC owned approximately 0.08% of Autoliv worth $7,527,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. First New York Securities LLC NY bought a new stake in shares of Autoliv during the second quarter worth $860,000. Mizuho Asset Management Co. Ltd. boosted its stake in shares of Autoliv by 378.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,393 shares of the company’s stock worth $365,000 after buying an additional 2,684 shares during the period. Aperio Group LLC boosted its stake in shares of Autoliv by 4.1% in the first quarter. Aperio Group LLC now owns 24,568 shares of the company’s stock worth $2,911,000 after buying an additional 957 shares during the period. National Pension Service boosted its stake in shares of Autoliv by 4.4% in the first quarter. National Pension Service now owns 63,008 shares of the company’s stock worth $7,465,000 after buying an additional 2,677 shares during the period. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of Autoliv during the first quarter worth $2,592,000. Hedge funds and other institutional investors own 33.07% of the company’s stock.
Shares of Autoliv Inc. (NYSE:ALV) opened at 102.48 on Thursday. The firm has a market capitalization of $9.04 billion, a P/E ratio of 15.99 and a beta of 1.29. Autoliv Inc. has a one year low of $95.34 and a one year high of $129.37. The company has a 50-day moving average price of $105.71 and a 200 day moving average price of $112.43.
Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, July 22nd. The company reported $1.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.04. Autoliv had a net margin of 5.83% and a return on equity of 16.97%. The business 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 business posted $1.62 earnings per share. Autoliv’s revenue was up 12.5% compared to the same quarter last year. Analysts expect that Autoliv Inc. will post $6.66 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 16th will be issued a $0.58 dividend. The ex-dividend date is Monday, November 14th. This represents a $2.32 annualized dividend and a yield of 2.26%. Autoliv’s dividend payout ratio is currently 36.19%.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut Autoliv from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Berenberg Bank assumed coverage on Autoliv in a research note on Friday, June 17th. They issued a “hold” rating and a $109.00 price target for the company. Citigroup Inc. decreased their price target on Autoliv from $121.00 to $113.00 and set a “neutral” rating for the company in a research note on Thursday, July 28th. Wells Fargo & Co. reiterated a “hold” rating on shares of Autoliv in a research note on Tuesday, July 26th. Finally, Handelsbanken cut Autoliv from a “buy” rating to an “accumulate” rating in a research note on Monday. Eight equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Autoliv currently has an average rating of “Hold” and a consensus price target of C$101.39.
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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