Prentiss Smith & Co. Inc. increased its position in Autoliv Inc. (NYSE:ALV) by 23.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 51,790 shares of the company’s stock after buying an additional 9,989 shares during the period. Autoliv makes up about 3.1% of Prentiss Smith & Co. Inc.’s portfolio, making the stock its 14th largest position. Prentiss Smith & Co. Inc. owned 0.06% of Autoliv worth $5,565,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. First New York Securities LLC NY acquired a new stake in Autoliv during the second quarter valued at approximately $860,000. Aperio Group LLC boosted its stake in Autoliv by 4.1% in the first quarter. Aperio Group LLC now owns 24,568 shares of the company’s stock valued at $2,911,000 after buying an additional 957 shares in the last quarter. National Pension Service boosted its stake in Autoliv by 4.4% in the first quarter. National Pension Service now owns 63,008 shares of the company’s stock valued at $7,465,000 after buying an additional 2,677 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Autoliv during the first quarter valued at approximately $2,592,000. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Autoliv by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,510,087 shares of the company’s stock valued at $178,915,000 after buying an additional 8,783 shares in the last quarter. Institutional investors and hedge funds own 33.07% of the company’s stock.
Shares of Autoliv Inc. (NYSE:ALV) traded down 1.12% during mid-day trading on Tuesday, hitting $105.28. The stock had a trading volume of 305,120 shares. Autoliv Inc. has a 12-month low of $95.34 and a 12-month high of $129.37. The stock’s 50-day moving average price is $105.99 and its 200-day moving average price is $112.88. The stock has a market capitalization of $9.29 billion, a price-to-earnings ratio of 16.42 and a beta of 1.29.
Autoliv (NYSE:ALV) last issued its earnings results on Friday, July 22nd. The company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.71 by $0.04. The company earned $2.58 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Autoliv had a net margin of 5.83% and a return on equity of 16.97%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS. On average, equities analysts anticipate that Autoliv Inc. will post $6.66 EPS 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 dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Monday, November 14th. Autoliv’s payout ratio is 36.19%.
Several analysts recently commented on ALV shares. Zacks Investment Research cut Autoliv from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 27th. Citigroup Inc. lowered their price target on Autoliv from $121.00 to $113.00 and set a “neutral” rating on the stock in a research report on Thursday, July 28th. Berenberg Bank started coverage on Autoliv in a research report on Friday, June 17th. They set a “hold” rating and a $109.00 price target on the stock. RBC Capital Markets reiterated an “underperform” rating and set a $92.00 price target (down from $95.00) on shares of Autoliv in a research report on Monday, July 25th. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Autoliv in a research report on Tuesday, July 26th. Eight analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Autoliv currently has an average rating of “Hold” and an average target price 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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