Autoliv, Inc. (ALV) Stake Decreased by Fmr LLC
Fmr LLC reduced its position in shares of Autoliv, Inc. (NYSE:ALV) by 10.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,697,314 shares of the auto parts company’s stock after selling 189,636 shares during the period. Fmr LLC’s holdings in Autoliv were worth $173,567,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Toronto Dominion Bank raised its position in Autoliv by 26.9% in the first quarter. Toronto Dominion Bank now owns 971 shares of the auto parts company’s stock worth $100,000 after buying an additional 206 shares during the period. Creative Planning raised its position in Autoliv by 0.3% in the first quarter. Creative Planning now owns 1,220 shares of the auto parts company’s stock worth $125,000 after buying an additional 4 shares during the period. Pacer Advisors Inc. raised its position in Autoliv by 3.2% in the first quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock worth $184,000 after buying an additional 55 shares during the period. Trexquant Investment LP acquired a new position in Autoliv during the first quarter worth $214,000. Finally, Princeton Alpha Management LP acquired a new position in Autoliv during the first quarter worth $232,000. 32.19% of the stock is owned by hedge funds and other institutional investors.
Autoliv, Inc. (NYSE:ALV) traded down 1.54% during mid-day trading on Tuesday, hitting $109.00. The stock had a trading volume of 73,909 shares. Autoliv, Inc. has a one year low of $93.31 and a one year high of $124.97. The firm’s 50-day moving average price is $107.46 and its 200 day moving average price is $106.65. The company has a market cap of $9.63 billion, a PE ratio of 16.69 and a beta of 1.07.
Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, April 28th. The auto parts company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.13. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a return on equity of 14.78% and a net margin of 5.60%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.66 EPS. On average, equities research analysts anticipate that Autoliv, Inc. will post $6.28 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Wednesday, August 23rd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Monday, August 21st. Autoliv’s dividend payout ratio is presently 36.75%.
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A number of research analysts recently weighed in on the stock. Jefferies Group LLC set a $108.00 target price on shares of Autoliv and gave the company a “hold” rating in a report on Sunday, April 30th. Morgan Stanley upgraded Autoliv from an “equal weight” rating to an “overweight” rating and set a $120.00 price target for the company in a research report on Wednesday, May 24th. Zacks Investment Research upgraded Autoliv from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. Wells Fargo & Co upgraded Autoliv from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 5th. Finally, Mizuho initiated coverage on Autoliv in a research report on Thursday, March 2nd. They issued a “neutral” rating and a $115.00 price target for the company. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $105.81.
In other news, Director Robert W. Alspaugh sold 1,156 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $109.87, for a total transaction of $127,009.72. Following the completion of the transaction, the director now directly owns 3,800 shares in the company, valued at approximately $417,506. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Svante Mogefors sold 6,738 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $102.46, for a total value of $690,375.48. Following the transaction, the vice president now owns 17,269 shares of the company’s stock, valued at $1,769,381.74. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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