3,134 Shares in Autoliv Inc. (ALV) Acquired by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. purchased a new position in shares of Autoliv Inc. (NYSE:ALV) during the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 3,134 shares of the company’s stock, valued at approximately $337,000.
A number of other large investors also recently made changes to their positions in the stock. IFP Advisors Inc boosted 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 worth $137,000 after buying an additional 249 shares during the period. Hartford Investment Management Co. boosted its stake in shares of Autoliv by 4.1% in the second quarter. Hartford Investment Management Co. now owns 1,862 shares of the company’s stock worth $200,000 after buying an additional 73 shares during the last quarter. Eqis Capital Management Inc. boosted its stake in shares of Autoliv by 13.7% in the second quarter. Eqis Capital Management Inc. now owns 1,930 shares of the company’s stock worth $207,000 after buying an additional 233 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Autoliv during the first quarter worth approximately $213,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Autoliv during the second quarter worth approximately $336,000. 33.07% of the stock is owned by hedge funds and other institutional investors.
Shares of Autoliv Inc. (NYSE:ALV) traded down 1.26% during trading on Thursday, hitting $101.19. 350,428 shares of the company traded hands. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 15.79 and a beta of 1.29. The firm has a 50 day moving average price of $105.71 and a 200-day moving average price of $112.43. Autoliv Inc. has a one year low of $95.34 and a one year high of $129.37.
Autoliv (NYSE:ALV) last released its earnings results on Friday, July 22nd. The company reported $1.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.04. The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Autoliv had a net margin of 5.83% and a return on equity of 16.97%. Autoliv’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company earned $1.62 EPS. Analysts predict that Autoliv Inc. will post $6.66 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be paid a dividend of $0.58 per share. The ex-dividend date is Monday, November 14th. This represents a $2.32 annualized dividend and a yield of 2.29%. Autoliv’s payout ratio is 36.19%.
A number of brokerages have recently commented on ALV. Royal Bank Of Canada reduced their target price on shares of Autoliv from $95.00 to $92.00 and set an “underperform” rating for the company in a report on Monday, July 25th. Barclays PLC reduced their target price on shares of Autoliv from $89.00 to $82.00 and set an “underweight” rating for the company in a report on Monday, July 25th. Piper Jaffray Cos. set a $104.00 target price on shares of Autoliv and gave the company a “hold” rating in a report on Monday, July 25th. Zacks Investment Research cut shares of Autoliv from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Finally, Handelsbanken cut shares of Autoliv from a “buy” rating to an “accumulate” rating in a report on Monday. Eight analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of C$101.39.
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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