PGGM Investments bought a new position in Autoliv Inc. (NYSE:ALV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 263,522 shares of the company’s stock, valued at approximately $28,315,000.
Other large investors have also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in shares of Autoliv by 27.5% in the first quarter. IFP Advisors Inc now owns 1,153 shares of the company’s stock worth $137,000 after buying an additional 249 shares during the last quarter. Hartford Investment Management Co. boosted its position in shares of 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. Eqis Capital Management Inc. boosted its position in shares of Autoliv by 13.7% in the second quarter. Eqis Capital Management Inc. now owns 1,930 shares of the company’s stock worth $207,000 after buying an additional 233 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Autoliv during the first quarter worth approximately $213,000. Finally, Parametrica Management Ltd bought a new position in shares of Autoliv during the second quarter worth approximately $336,000. 33.07% of the stock is owned by institutional investors.
Shares of Autoliv Inc. (NYSE:ALV) traded up 0.91% during trading on Wednesday, reaching $106.32. The company’s stock had a trading volume of 281,403 shares. The stock’s 50 day moving average price is $106.12 and its 200-day moving average price is $113.10. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 16.59 and a beta of 1.34. Autoliv Inc. has a 52-week low of $95.34 and a 52-week high of $129.37.
Autoliv (NYSE:ALV) last announced its quarterly earnings data 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. The business earned $2.58 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Autoliv had a return on equity of 16.97% and a net margin of 5.83%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.62 earnings per share. Equities analysts anticipate that Autoliv Inc. will post $6.66 EPS for the current 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 issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Monday, November 14th. Autoliv’s payout ratio is 36.19%.
A number of research firms have issued reports on ALV. Wells Fargo & Co. reiterated a “hold” rating on shares of Autoliv in a research report on Tuesday, July 26th. Deutsche Bank AG decreased their target price on Autoliv from $102.00 to $100.00 and set a “hold” rating on the stock in a research report on Monday, July 25th. Royal Bank Of Canada decreased their target price on Autoliv from $95.00 to $92.00 and set an “underperform” rating on the stock in a research report on Monday, July 25th. Zacks Investment Research upgraded Autoliv from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Finally, Berenberg Bank began coverage on Autoliv in a research report on Friday, June 17th. They issued a “hold” rating and a $109.00 target price on the stock. Nine analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$96.34.
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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