Autoliv Inc. (ALV) Shares Bought by Victory Capital Management Inc.
Victory Capital Management Inc. raised its stake in Autoliv Inc. (NYSE:ALV) by 157.7% during the second quarter, Holdings Channel reports. The firm owned 1,296 shares of the company’s stock after buying an additional 793 shares during the period. Victory Capital Management Inc.’s holdings in Autoliv were worth $139,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of ALV. Aperio Group LLC raised its stake in shares of 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 during the period. IFP Advisors Inc raised its stake in shares of Autoliv by 27.5% in the first quarter. IFP Advisors Inc now owns 1,153 shares of the company’s stock valued at $137,000 after buying an additional 249 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Autoliv by 37.7% in the first quarter. TIAA CREF Investment Management LLC now owns 23,356 shares of the company’s stock valued at $2,767,000 after buying an additional 6,397 shares during the period. Prudential Financial Inc. raised its stake in shares of Autoliv by 4.1% in the first quarter. Prudential Financial Inc. now owns 4,847 shares of the company’s stock valued at $574,000 after buying an additional 190 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Autoliv by 2.1% in the first quarter. BlackRock Inc. now owns 75,486 shares of the company’s stock valued at $8,943,000 after buying an additional 1,580 shares during the period. 33.07% of the stock is currently owned by institutional investors and hedge funds.
Autoliv Inc. (NYSE:ALV) traded up 1.04% during mid-day trading on Wednesday, reaching $106.37. The company’s stock had a trading volume of 89,799 shares. The firm’s 50 day moving average price is $105.94 and its 200 day moving average price is $112.82. The firm has a market capitalization of $9.38 billion, a P/E ratio of 16.59 and a beta of 1.29. Autoliv Inc. has a 52 week low of $95.34 and a 52 week high of $129.37.
Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, July 22nd. The company reported $1.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.04. Autoliv had a return on equity of 16.97% and a net margin of 5.83%. The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the prior year, the firm posted $1.62 earnings per share. Autoliv’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, analysts anticipate that Autoliv Inc. will post $6.66 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Wednesday, November 16th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Monday, November 14th. Autoliv’s payout ratio is 36.19%.
Several equities research analysts have recently weighed in on ALV shares. Piper Jaffray Cos. began coverage on Autoliv in a research report on Thursday, June 9th. They set a “neutral” rating and a $123.00 target price on the stock. Berenberg Bank began 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. Zacks Investment Research lowered Autoliv from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. Royal Bank Of Canada cut their price target on Autoliv from $95.00 to $92.00 and set an “underperform” rating on the stock in a research report on Monday, July 25th. Finally, Barclays PLC cut their price target on Autoliv from $89.00 to $82.00 and set an “underweight” rating on the stock in a research report on Monday, July 25th. Eight investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of C$101.39.
Autoliv Company Profile
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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