Russell Investments Group Ltd. trimmed its holdings in Autoliv Inc. (NYSE:ALV) by 44.6% during the third quarter, HoldingsChannel reports. The firm owned 25,039 shares of the auto parts company’s stock after selling 20,134 shares during the period. Russell Investments Group Ltd.’s holdings in Autoliv were worth $2,192,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. raised 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 in the last quarter. Schroder Investment Management Group raised 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 in the last quarter. Great West Life Assurance Co. Can raised 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 in the last quarter. Schwab Charles Investment Management Inc. raised 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 in the last quarter. Finally, Royal London Asset Management Ltd. acquired a new stake in shares of Autoliv during the 2nd quarter valued at approximately $5,471,000. 31.69% of the stock is currently owned by institutional investors.
ALV has been the topic of several research reports. Zacks Investment Research lowered Autoliv from a “hold” rating to a “sell” rating in a research report on Monday, September 10th. Wells Fargo & Co dropped their price target on Autoliv from $113.00 to $91.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 17th. Evercore ISI lowered Autoliv to a “hold” rating and set a $90.00 price target on the stock. in a research report on Friday, October 12th. Robert W. Baird lowered Autoliv from an “outperform” rating to a “neutral” rating in a research report on Monday, October 1st. Finally, Jefferies Financial Group set a $100.00 price target on Autoliv and gave the company a “buy” rating in a research report on Friday, October 5th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have given a buy rating to the company’s stock. Autoliv presently has a consensus rating of “Hold” and a consensus price target of $112.00.
Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, October 26th. The auto parts company reported $1.35 EPS for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($0.23). The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.08 billion. Autoliv had a return on equity of 20.06% and a net margin of 3.52%. Autoliv’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.64 earnings per share. On average, equities analysts forecast that Autoliv Inc. will post 7.15 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Friday, February 22nd will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, February 21st. This represents a $2.48 dividend on an annualized basis and a yield of 2.76%. Autoliv’s payout ratio is currently 37.69%.
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Autoliv Company Profile
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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