Colony Group LLC Invests $247,000 in Autoliv, Inc. (ALV) Stock
Colony Group LLC purchased a new position in Autoliv, Inc. (NYSE:ALV) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,253 shares of the auto parts company’s stock, valued at approximately $247,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. California State Teachers Retirement System purchased a new position in Autoliv in the second quarter worth about $733,000. Raymond James Financial Services Advisors Inc. grew its position in Autoliv by 0.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,404 shares of the auto parts company’s stock worth $1,033,000 after acquiring an additional 28 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Autoliv by 8.3% in the second quarter. The Manufacturers Life Insurance Company now owns 3,236 shares of the auto parts company’s stock worth $355,000 after acquiring an additional 249 shares in the last quarter. Gotham Asset Management LLC purchased a new position in Autoliv in the second quarter worth about $469,000. Finally, Janus Henderson Group PLC grew its position in Autoliv by 63.6% in the second quarter. Janus Henderson Group PLC now owns 18,573 shares of the auto parts company’s stock worth $2,039,000 after acquiring an additional 7,222 shares in the last quarter. Institutional investors own 32.75% of the company’s stock.
Shares of Autoliv, Inc. (NYSE:ALV) traded down 1.14% during trading on Tuesday, hitting $125.36. The stock had a trading volume of 165,491 shares. Autoliv, Inc. has a one year low of $93.31 and a one year high of $127.75. The stock’s 50 day moving average price is $119.44 and its 200-day moving average price is $110.07. The stock has a market cap of $10.90 billion, a P/E ratio of 19.80 and a beta of 1.14.
Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.04). Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the business posted $1.75 earnings per share. Autoliv’s revenue for the quarter was down 1.3% compared to the same quarter last year. Analysts expect that Autoliv, Inc. will post $6.23 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be issued a $0.60 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.89%. Autoliv’s payout ratio is 37.97%.
Several research analysts recently commented on the company. Piper Jaffray Companies set a $99.00 price target on Autoliv and gave the stock a “hold” rating in a research report on Monday. ValuEngine lowered Autoliv from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Cowen and Company assumed coverage on Autoliv in a research report on Monday, September 25th. They issued a “market perform” rating and a $120.00 price target for the company. Robert W. Baird restated a “hold” rating on shares of Autoliv in a research report on Thursday, September 21st. Finally, Jefferies Group LLC restated a “buy” rating and set a $145.00 target price (up previously from $125.00) on shares of Autoliv in a research report on Thursday, September 21st. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. Autoliv currently has an average rating of “Hold” and an average price target of $111.65.
In other news, VP Thomas Jonsson sold 1,240 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total value of $134,602.00. Following the sale, the vice president now directly owns 2,311 shares in the company, valued at approximately $250,859.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by company insiders.
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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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