BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Autoliv, Inc. (NYSE:ALV) by 151.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,109 shares of the auto parts company’s stock after buying an additional 65,066 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.12% of Autoliv worth $11,870,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Rhumbline Advisers increased its position in shares of Autoliv by 1.0% in the second quarter. Rhumbline Advisers now owns 14,030 shares of the auto parts company’s stock valued at $1,540,000 after buying an additional 140 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Autoliv by 26.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 7,893 shares of the auto parts company’s stock valued at $907,000 after buying an additional 1,638 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Autoliv by 6.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 166,814 shares of the auto parts company’s stock valued at $18,317,000 after buying an additional 9,985 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Autoliv by 72.3% in the second quarter. Canada Pension Plan Investment Board now owns 40,311 shares of the auto parts company’s stock valued at $4,426,000 after buying an additional 16,913 shares during the last quarter. Finally, Trexquant Investment LP increased its position in shares of Autoliv by 9.8% in the second quarter. Trexquant Investment LP now owns 2,300 shares of the auto parts company’s stock valued at $253,000 after buying an additional 205 shares during the last quarter. 35.37% of the stock is owned by hedge funds and other institutional investors.
Shares of Autoliv, Inc. (NYSE:ALV) opened at 108.61 on Thursday. The stock has a market cap of $9.44 billion, a PE ratio of 17.16 and a beta of 1.13. The stock’s 50 day moving average price is $111.00 and its 200-day moving average price is $106.43. Autoliv, Inc. has a one year low of $93.31 and a one year high of $117.54.
Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.48 by $0.04. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the business posted $1.75 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. On average, equities analysts predict that Autoliv, Inc. will post $6.22 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, November 21st. Autoliv’s payout ratio is 37.97%.
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A number of research analysts have recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $121.00 price objective on shares of Autoliv in a research note on Wednesday, July 26th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $99.00 price objective on shares of Autoliv in a research note on Wednesday, July 26th. Bank of America Corporation dropped their price objective on shares of Autoliv from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Tuesday, July 25th. BidaskClub downgraded shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada dropped their price objective on shares of Autoliv from $100.00 to $98.00 and set a “sector perform” rating for the company in a research note on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $105.32.
In related news, VP Thomas Jonsson sold 1,240 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total value of $134,602.00. Following the transaction, the vice president now directly owns 2,311 shares of the company’s stock, valued at approximately $250,859.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert W. Alspaugh sold 1,156 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $109.87, for a total value of $127,009.72. Following the completion of the transaction, the director now directly owns 3,800 shares in the company, valued at $417,506. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.
Autoliv Company Profile
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.
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