Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Autoliv Inc. (NYSE:ALV) by 216.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,116 shares of the auto parts company’s stock after buying an additional 37,723 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Autoliv were worth $4,777,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Autoliv by 6.7% during the 2nd quarter. BlackRock Inc. now owns 2,958,591 shares of the auto parts company’s stock valued at $423,729,000 after acquiring an additional 186,407 shares during the period. Schroder Investment Management Group grew its position in shares of Autoliv by 64.3% during the 2nd quarter. Schroder Investment Management Group now owns 157,097 shares of the auto parts company’s stock valued at $22,312,000 after acquiring an additional 61,452 shares during the period. Great West Life Assurance Co. Can grew its position in shares of Autoliv by 10.4% during the 2nd quarter. Great West Life Assurance Co. Can now owns 56,887 shares of the auto parts company’s stock valued at $8,150,000 after acquiring an additional 5,370 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Autoliv by 3.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 195,625 shares of the auto parts company’s stock valued at $28,018,000 after acquiring an additional 5,957 shares during the period. Finally, Royal London Asset Management Ltd. bought a new stake in shares of Autoliv during the 2nd quarter valued at $5,471,000. Institutional investors and hedge funds own 30.08% of the company’s stock.
Several research analysts recently weighed in on ALV shares. ValuEngine raised shares of Autoliv from a “strong sell” rating to a “sell” rating in a report on Monday. Sanford C. Bernstein raised shares of Autoliv from an “underperform” rating to a “market perform” rating in a report on Monday. Longbow Research downgraded shares of Autoliv from a “buy” rating to a “neutral” rating in a report on Thursday, November 1st. Barclays dropped their target price on shares of Autoliv from $72.00 to $70.00 and set a “sell” rating for the company in a report on Tuesday, October 30th. Finally, Daiwa Capital Markets set a $89.00 target price on shares of Autoliv and gave the stock a “buy” rating in a report on Monday, October 29th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $112.00.
Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, October 26th. The auto parts company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.23). Autoliv had a net margin of 3.52% and a return on equity of 20.06%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the company earned $1.64 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, sell-side analysts expect that Autoliv Inc. will post 7.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Shareholders of record on Friday, February 22nd will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Thursday, February 21st. Autoliv’s dividend payout ratio (DPR) is presently 37.69%.
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Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.
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