Tower Research Capital LLC TRC acquired a new stake in shares of Autoliv Inc. (NYSE:ALV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,413 shares of the company’s stock, valued at approximately $152,000.
Several other large investors also recently bought and sold shares of ALV. BlackRock Institutional Trust Company N.A. raised its stake in Autoliv by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,510,087 shares of the company’s stock valued at $178,915,000 after buying an additional 8,783 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Autoliv by 2.6% in the second quarter. Vanguard Group Inc. now owns 1,289,681 shares of the company’s stock valued at $138,577,000 after buying an additional 32,557 shares during the last quarter. Edge Asset Management Inc. increased its stake in shares of Autoliv by 2.8% in the second quarter. Edge Asset Management Inc. now owns 1,078,378 shares of the company’s stock valued at $115,872,000 after buying an additional 29,483 shares during the last quarter. State Street Corp increased its stake in shares of Autoliv by 10.4% in the first quarter. State Street Corp now owns 864,427 shares of the company’s stock valued at $102,415,000 after buying an additional 81,460 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Autoliv by 34.7% in the second quarter. Ameriprise Financial Inc. now owns 802,236 shares of the company’s stock valued at $86,217,000 after buying an additional 206,460 shares during the last quarter. 33.07% of the stock is owned by institutional investors and hedge funds.
Shares of Autoliv Inc. (NYSE:ALV) opened at 105.18 on Friday. The firm has a market cap of $9.28 billion, a PE ratio of 16.41 and a beta of 1.29. The firm’s 50-day moving average price is $105.96 and its 200-day moving average price is $112.66. Autoliv Inc. has a 12 month low of $95.34 and a 12 month high of $129.37.
Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, July 22nd. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.04. Autoliv had a return on equity of 16.97% and a net margin of 5.83%. The company had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year. Analysts expect that Autoliv Inc. will post $6.66 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Monday, November 14th. Autoliv’s dividend payout ratio (DPR) is 36.19%.
Several brokerages have recently weighed in on ALV. Wells Fargo & Co. reiterated a “hold” rating on shares of Autoliv in a report on Tuesday, July 26th. Deutsche Bank AG reduced their price target on Autoliv from $102.00 to $100.00 and set a “hold” rating on the stock in a report on Monday, July 25th. Zacks Investment Research upgraded Autoliv from a “sell” rating to a “hold” rating in a report on Monday, October 3rd. Royal Bank Of Canada reduced their price target on Autoliv from $95.00 to $92.00 and set an “underperform” rating on the stock in a report on Monday, July 25th. Finally, Berenberg Bank began coverage on Autoliv in a report on Friday, June 17th. They issued a “hold” rating and a $109.00 price target on the stock. Eight equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Autoliv presently has an average rating of “Hold” and a consensus target price of C$101.39.
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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