BlackRock Advisors LLC Cuts Position in Autoliv Inc. (ALV)
BlackRock Advisors LLC cut its position in shares of Autoliv Inc. (NYSE:ALV) by 0.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 70,051 shares of the company’s stock after selling 236 shares during the period. BlackRock Advisors LLC owned about 0.08% of Autoliv worth $7,527,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the stock. Global X Management Co. LLC boosted its stake in shares of Autoliv by 75.9% in the second quarter. Global X Management Co. LLC now owns 1,258 shares of the company’s stock worth $135,000 after buying an additional 543 shares during the last quarter. 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 last quarter. Victory Capital Management Inc. boosted its stake in shares of Autoliv by 157.7% in the second quarter. Victory Capital Management Inc. now owns 1,296 shares of the company’s stock worth $139,000 after buying an additional 793 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Autoliv during the second quarter worth $152,000. Finally, 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. 33.07% of the stock is owned by institutional investors and hedge funds.
Autoliv Inc. (NYSE:ALV) opened at 102.48 on Thursday. The firm’s 50-day moving average is $105.71 and its 200 day moving average is $112.43. The stock has a market capitalization of $9.04 billion, a PE ratio of 15.99 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 released its quarterly earnings data 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 business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.64 billion. Autoliv had a net margin of 5.83% and a return on equity of 16.97%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.62 earnings per share. On average, equities analysts forecast that Autoliv Inc. will post $6.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Wednesday, November 16th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Monday, November 14th. Autoliv’s payout ratio is 36.19%.
ALV has been the subject of a number of research reports. Handelsbanken cut Autoliv from a “buy” rating to an “accumulate” rating in a research note on Monday. Deutsche Bank AG dropped their price objective on Autoliv from $102.00 to $100.00 and set a “hold” rating for the company in a research note on Monday, July 25th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Autoliv in a research note on Tuesday, July 26th. Piper Jaffray Cos. set a $104.00 price objective on Autoliv and gave the company a “hold” rating in a research note on Monday, July 25th. Finally, Zacks Investment Research cut Autoliv from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Eight investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Autoliv currently has a consensus rating of “Hold” and a consensus target price 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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