Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Autoliv, Inc. (NYSE:ALV) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 8,070 shares of the auto parts company’s stock after buying an additional 11 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Autoliv were worth $886,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Alecta Pensionsforsakring Omsesidigt increased its position in Autoliv by 1.2% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 8,462,500 shares of the auto parts company’s stock valued at $870,107,000 after buying an additional 100,000 shares in the last quarter. BlackRock Inc. increased its position in Autoliv by 2,592.0% in the first quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock valued at $277,583,000 after buying an additional 2,613,635 shares in the last quarter. Edge Asset Management Inc. increased its position in Autoliv by 15.6% in the first quarter. Edge Asset Management Inc. now owns 1,719,166 shares of the auto parts company’s stock valued at $175,802,000 after buying an additional 232,363 shares in the last quarter. Vanguard Group Inc. increased its position in Autoliv by 4.0% in the first quarter. Vanguard Group Inc. now owns 1,376,135 shares of the auto parts company’s stock valued at $140,724,000 after buying an additional 52,894 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Autoliv by 68.9% in the first quarter. Dimensional Fund Advisors LP now owns 727,392 shares of the auto parts company’s stock valued at $74,375,000 after buying an additional 296,818 shares in the last quarter. 32.97% of the stock is owned by institutional investors.

Shares of Autoliv, Inc. (ALV) opened at 109.04 on Monday. The stock has a market cap of $9.48 billion, a PE ratio of 17.23 and a beta of 1.13. The company’s 50-day moving average price is $111.41 and its 200 day moving average price is $106.78. Autoliv, Inc. has a 1-year low of $93.31 and a 1-year high of $117.54.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by $0.04. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.75 EPS. Equities analysts forecast that Autoliv, Inc. will post $6.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 23rd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Monday, August 21st. Autoliv’s dividend payout ratio is currently 37.97%.

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Several equities analysts have weighed in on ALV shares. Jefferies Group LLC raised Autoliv from a “hold” rating to a “buy” rating and lifted their target price for the company from $108.00 to $119.00 in a research report on Tuesday, May 9th. BidaskClub downgraded Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $98.00 target price on shares of Autoliv in a research report on Thursday, July 6th. Bank of America Corporation dropped their target price on Autoliv from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Tuesday, July 25th. Finally, CLSA started coverage on Autoliv in a research report on Thursday, June 22nd. They issued a “hold” rating and a $102.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Autoliv presently has an average rating of “Hold” and a consensus target price of $105.32.

In related news, Director Robert W. Alspaugh sold 1,156 shares of the stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $109.87, for a total value of $127,009.72. Following the completion of the transaction, the director now owns 3,800 shares of the company’s stock, valued at $417,506. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Svante Mogefors sold 6,738 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $102.46, for a total value of $690,375.48. Following the completion of the transaction, the vice president now directly owns 17,269 shares of the company’s stock, valued at approximately $1,769,381.74. The disclosure for this sale can be found here. Insiders sold 9,134 shares of company stock valued at $951,987 in the last three months. 0.25% of the stock is currently owned by company insiders.

Autoliv Company Profile

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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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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