Autoliv, Inc. (ALV) Shares Sold by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC trimmed its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 20.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,492 shares of the auto parts company’s stock after selling 18,336 shares during the quarter. Parametric Portfolio Associates LLC owned 0.08% of Autoliv worth $7,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. grew its stake in Autoliv by 2,592.0% during the 1st quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock worth $277,583,000 after buying an additional 2,613,635 shares during the last quarter. Principal Financial Group Inc. grew its stake in Autoliv by 915.3% during the 2nd quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock worth $244,927,000 after buying an additional 2,010,970 shares during the last quarter. FMR LLC grew its stake in Autoliv by 7.3% during the 2nd quarter. FMR LLC now owns 1,821,095 shares of the auto parts company’s stock worth $199,956,000 after buying an additional 123,781 shares during the last quarter. Vanguard Group Inc. grew its stake in Autoliv by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,400,499 shares of the auto parts company’s stock worth $153,774,000 after buying an additional 24,364 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Autoliv by 68.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 727,392 shares of the auto parts company’s stock worth $74,375,000 after buying an additional 296,818 shares during the last quarter. Hedge funds and other institutional investors own 32.75% of the company’s stock.
In related news, VP Thomas Jonsson sold 1,240 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total value of $134,602.00. Following the completion of the sale, the vice president now owns 2,311 shares in the company, valued at $250,859.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.25% of the stock is owned by company insiders.
Several brokerages recently weighed in on ALV. Deutsche Bank AG restated a “hold” rating and set a $120.00 target price (up from $101.00) on shares of Autoliv in a research note on Thursday, September 14th. Buckingham Research restated a “sell” rating and set a $87.00 target price on shares of Autoliv in a research note on Thursday, September 14th. Citigroup Inc. boosted their target price on Autoliv from $105.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, September 15th. Wells Fargo & Company boosted their target price on Autoliv to $140.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. They noted that the move was a valuation call. Finally, Mizuho boosted their target price on Autoliv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, September 15th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $113.10.
Autoliv, Inc. (NYSE:ALV) opened at 125.81 on Wednesday. The firm has a market cap of $10.93 billion, a PE ratio of 19.88 and a beta of 1.14. The stock has a 50 day moving average price of $119.44 and a 200 day moving average price of $110.07. Autoliv, Inc. has a one year low of $93.31 and a one year high of $127.75.
Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 EPS for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.04). The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. Autoliv’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 EPS. Equities research analysts expect that Autoliv, Inc. will post $6.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be given a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.40 dividend on an annualized basis and a yield of 1.91%. Autoliv’s payout ratio is currently 37.97%.
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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