Mitsubishi UFJ Trust & Banking Corp cut its position in shares of Autoliv Inc. (NYSE:ALV) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,821 shares of the auto parts company’s stock after selling 306 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Autoliv were worth $17,979,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its position in shares of Autoliv by 1.3% in the third quarter. Great West Life Assurance Co. Can now owns 55,001 shares of the auto parts company’s stock worth $5,869,000 after buying an additional 732 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Autoliv by 1.8% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,651 shares of the auto parts company’s stock worth $1,351,000 after buying an additional 224 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Autoliv by 1.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 255,736 shares of the auto parts company’s stock worth $27,313,000 after buying an additional 4,436 shares during the last quarter. World Asset Management Inc raised its position in shares of Autoliv by 9.8% in the third quarter. World Asset Management Inc now owns 8,329 shares of the auto parts company’s stock worth $890,000 after buying an additional 745 shares during the last quarter. Finally, Princeton Alpha Management LP purchased a new position in shares of Autoliv during the third quarter worth $233,000. Institutional investors own 32.01% of the company’s stock.
Shares of Autoliv Inc. (NYSE:ALV) traded up 1.30% during mid-day trading on Friday, hitting $104.92. The company had a trading volume of 482,792 shares. Autoliv Inc. has a 12 month low of $93.31 and a 12 month high of $126.14. The firm has a 50-day moving average of $100.68 and a 200-day moving average of $104.70. The company has a market cap of $9.27 billion, a PE ratio of 16.07 and a beta of 1.17.
Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, April 28th. The auto parts company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.13. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a return on equity of 14.99% and a net margin of 5.59%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.66 earnings per share. On average, analysts expect that Autoliv Inc. will post $6.28 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Wednesday, May 17th will be given a dividend of $0.60 per share. This is a boost from Autoliv’s previous quarterly dividend of $0.58. The ex-dividend date is Monday, May 15th. This represents a $2.40 dividend on an annualized basis and a yield of 2.29%. Autoliv’s dividend payout ratio (DPR) is presently 36.14%.
ALV has been the topic of a number of research reports. Jefferies Group LLC lowered Autoliv from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a report on Thursday, January 19th. They noted that the move was a valuation call. Royal Bank of Canada raised their price objective on Autoliv from $94.00 to $101.00 and gave the company an “underperform” rating in a report on Friday, February 3rd. Evercore ISI reaffirmed a “sell” rating and issued a $90.00 target price on shares of Autoliv in a research note on Monday, February 6th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $121.00 target price (down from $131.00) on shares of Autoliv in a research note on Monday, February 6th. Finally, Zacks Investment Research downgraded Autoliv from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 7th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Autoliv presently has a consensus rating of “Hold” and a consensus price target of $105.13.
In related news, VP Svante Mogefors sold 6,738 shares of Autoliv stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $102.46, for a total transaction of $690,375.48. Following the completion of the sale, the vice president now owns 17,269 shares of the company’s stock, valued at $1,769,381.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Johan Lofvenholm sold 876 shares of Autoliv stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $104.45, for a total value of $91,498.20. Following the sale, the insider now directly owns 3,798 shares of the company’s stock, valued at approximately $396,701.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,839 shares of company stock valued at $805,508. Insiders own 0.27% of the company’s stock.
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
Want to see what other hedge funds are holding ALV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autoliv Inc. (NYSE:ALV).
Receive News & Ratings for Autoliv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autoliv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.