First New York Securities LLC NY bought a new position in Autoliv Inc. (NYSE:ALV) during the second quarter, Holdings Channel reports. The institutional investor bought 8,000 shares of the company’s stock, valued at approximately $860,000.
Other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc boosted its position in shares of Autoliv by 27.5% in the first quarter. IFP Advisors Inc now owns 1,153 shares of the company’s stock worth $137,000 after buying an additional 249 shares during the period. Hartford Investment Management Co. boosted its position in shares of Autoliv by 4.1% in the second quarter. Hartford Investment Management Co. now owns 1,862 shares of the company’s stock worth $200,000 after buying an additional 73 shares during the period. Eqis Capital Management Inc. boosted its position in shares of Autoliv by 13.7% in the second quarter. Eqis Capital Management Inc. now owns 1,930 shares of the company’s stock worth $207,000 after buying an additional 233 shares during the period. Magnetar Financial LLC acquired a new position in shares of Autoliv during the first quarter worth $213,000. Finally, Parametrica Management Ltd acquired a new position in shares of Autoliv during the second quarter worth $336,000. 33.07% of the stock is currently owned by institutional investors.
Shares of Autoliv Inc. (NYSE:ALV) traded down 0.75% during trading on Tuesday, reaching $105.36. 284,764 shares of the company’s stock traded hands. Autoliv Inc. has a 1-year low of $95.34 and a 1-year high of $129.37. The company has a 50 day moving average of $106.21 and a 200-day moving average of $113.21. The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of 16.44 and a beta of 1.34.
Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, July 22nd. The company reported $1.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.04. Autoliv had a net margin of 5.83% and a return on equity of 16.97%. The company earned $2.58 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the company earned $1.62 earnings per share. Autoliv’s revenue for the quarter was up 12.5% on a year-over-year basis. Equities analysts predict that Autoliv Inc. will post $6.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Monday, November 14th. Autoliv’s dividend payout ratio (DPR) is 36.19%.
A number of research analysts recently weighed in on the stock. Wells Fargo & Co. restated a “hold” rating on shares of Autoliv in a report on Tuesday, July 26th. Royal Bank Of Canada dropped their price objective on shares of Autoliv from $95.00 to $92.00 and set an “underperform” rating for the company in a report on Monday, July 25th. Barclays PLC dropped their price objective on shares of Autoliv from $89.00 to $82.00 and set an “underweight” rating for the company in a report on Monday, July 25th. Zacks Investment Research upgraded shares of Autoliv from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Finally, Piper Jaffray Cos. set a $104.00 price objective on shares of Autoliv and gave the company a “hold” rating in a report on Monday, July 25th. Nine investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of C$96.34.
Autoliv Company Profile
Autoliv, Inc is a developer, manufacturer and supplier to the automotive industry of automotive safety systems. The Company operates through two segments: Passive Safety and Electronics. Passive Safety segment includes airbags, seatbelts and steering wheels. Electronics segment includes active safety products, such as camera-based vision systems, night driving assist, automotive radars, brake controls and other active safety systems, and passive safety electronic products, such as restraint electronics and crash sensors.
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