Principal Financial Group Inc. raised its position in Autoliv Inc. (NYSE:ALV) by 4.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 119,761 shares of the company’s stock after buying an additional 5,128 shares during the period. Principal Financial Group Inc. owned approximately 0.14% of Autoliv worth $12,868,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Autoliv by 2.0% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,226 shares of the company’s stock worth $215,000 after buying an additional 44 shares during the period. Hartford Investment Management Co. boosted its stake in 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. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Autoliv by 1.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,822 shares of the company’s stock worth $840,000 after buying an additional 74 shares during the period. Coastline Trust Co boosted its stake in Autoliv by 0.6% in the second quarter. Coastline Trust Co now owns 15,910 shares of the company’s stock worth $1,709,000 after buying an additional 90 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in Autoliv by 2.2% in the second quarter. CIBC Asset Management Inc now owns 4,416 shares of the company’s stock worth $474,000 after buying an additional 97 shares during the period. 33.07% of the stock is currently owned by institutional investors.
Autoliv Inc. (NYSE:ALV) opened at 104.63 on Tuesday. The firm’s 50-day moving average price is $105.93 and its 200 day moving average price is $112.57. The firm has a market cap of $9.23 billion, a P/E ratio of 16.32 and a beta of 1.29. Autoliv Inc. has a one year low of $95.34 and a one year high of $129.37.
Autoliv (NYSE:ALV) last posted its earnings results on Friday, July 22nd. The company reported $1.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.04. The company earned $2.58 billion during the quarter, compared to analyst estimates of $2.64 billion. Autoliv had a return on equity of 16.97% and a net margin of 5.83%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.62 EPS. On average, equities research analysts forecast that Autoliv Inc. will post $6.66 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 16th will be given a $0.58 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $2.32 annualized dividend and a dividend yield of 2.22%. Autoliv’s dividend payout ratio is presently 36.19%.
A number of analysts recently weighed in on the stock. Handelsbanken cut shares of Autoliv from a “buy” rating to an “accumulate” rating in a report on Monday. Zacks Investment Research raised shares of Autoliv from a “sell” rating to a “hold” rating in a report on Monday, October 3rd. Citigroup Inc. decreased their target price on shares of Autoliv from $121.00 to $113.00 and set a “neutral” rating for the company in a research report on Thursday, July 28th. Wells Fargo & Co. reiterated a “hold” rating on shares of Autoliv in a research report on Tuesday, July 26th. Finally, Piper Jaffray Cos. set a $104.00 target price on shares of Autoliv and gave the company a “hold” rating in a research report on Monday, July 25th. Eight investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target 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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