Bridgewater Associates LP Acquires 91 Shares of Autoliv, Inc. (ALV)
Bridgewater Associates LP raised its holdings in Autoliv, Inc. (NYSE:ALV) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,140 shares of the auto parts company’s stock after acquiring an additional 91 shares during the quarter. Bridgewater Associates LP’s holdings in Autoliv were worth $674,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in ALV. BlackRock Inc. boosted its stake 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 acquiring an additional 2,613,635 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Autoliv by 915.3% in the second quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock valued at $244,927,000 after acquiring an additional 2,010,970 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake 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 acquiring an additional 296,818 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Autoliv by 2,167.8% in the first quarter. Alliancebernstein L.P. now owns 305,519 shares of the auto parts company’s stock valued at $31,242,000 after acquiring an additional 292,047 shares during the last quarter. Finally, Edge Asset Management Inc. boosted its stake 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 acquiring an additional 232,363 shares during the last quarter. 34.76% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This story was first published by Daily Political and is owned by of Daily Political. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/09/17/bridgewater-associates-lp-acquires-91-shares-of-autoliv-inc-alv.html.
ALV has been the topic of a number of recent research reports. Mizuho raised shares of Autoliv from a “neutral” rating to a “buy” rating and raised their price objective for the company from $108.00 to $130.00 in a research note on Monday, July 17th. BidaskClub cut shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $119.00 price objective on shares of Autoliv in a research note on Friday, June 16th. ValuEngine raised shares of Autoliv from a “hold” rating to a “buy” rating in a research note on Friday. Finally, CLSA initiated coverage on shares of Autoliv in a research note on Thursday, June 22nd. They issued a “hold” rating and a $102.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. Autoliv has an average rating of “Hold” and a consensus price target of $109.20.
Shares of Autoliv, Inc. (ALV) opened at 125.45 on Friday. Autoliv, Inc. has a one year low of $93.31 and a one year high of $127.72. The company’s 50 day moving average is $109.21 and its 200-day moving average is $106.86. The firm has a market capitalization of $10.90 billion, a price-to-earnings ratio of 19.82 and a beta of 1.12.
Autoliv (NYSE:ALV) last issued its earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.04). The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.57 billion. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.75 earnings per share. Equities analysts expect that Autoliv, Inc. will post $6.22 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.91%. The ex-dividend date is Tuesday, November 21st. Autoliv’s dividend payout ratio is presently 37.97%.
In related news, VP Thomas Jonsson sold 1,240 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total transaction of $134,602.00. Following the transaction, the vice president now directly owns 2,311 shares of the company’s stock, valued at $250,859.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is owned by corporate insiders.
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.
Want to see what other hedge funds are holding ALV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autoliv, Inc. (NYSE:ALV).
Receive News & Ratings for Autoliv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autoliv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.