JPMorgan Chase & Co. raised its stake in Autoliv Inc. (NYSE:ALV) by 278.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 54,587 shares of the company’s stock after buying an additional 40,158 shares during the period. JPMorgan Chase & Co. owned 0.06% of Autoliv worth $5,865,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the company. Aperio Group LLC boosted its stake in Autoliv by 4.1% in the first quarter. Aperio Group LLC now owns 24,568 shares of the company’s stock valued at $2,911,000 after buying an additional 957 shares during the last quarter. IFP Advisors Inc boosted its stake in Autoliv by 27.5% in the first quarter. IFP Advisors Inc now owns 1,153 shares of the company’s stock valued at $137,000 after buying an additional 249 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Autoliv by 37.7% in the first quarter. TIAA CREF Investment Management LLC now owns 23,356 shares of the company’s stock valued at $2,767,000 after buying an additional 6,397 shares during the last quarter. Prudential Financial Inc. boosted its stake in Autoliv by 4.1% in the first quarter. Prudential Financial Inc. now owns 4,847 shares of the company’s stock valued at $574,000 after buying an additional 190 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Autoliv by 2.1% in the first quarter. BlackRock Inc. now owns 75,486 shares of the company’s stock valued at $8,943,000 after buying an additional 1,580 shares during the last quarter. 33.07% of the stock is currently owned by institutional investors.
Shares of Autoliv Inc. (NYSE:ALV) traded down 0.71% during midday trading on Wednesday, hitting $102.42. 91,681 shares of the stock were exchanged. The firm’s 50-day moving average is $105.84 and its 200-day moving average is $112.50. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 15.98 and a beta of 1.29. Autoliv Inc. has a 12 month low of $95.34 and a 12 month high of $129.37.
Autoliv (NYSE:ALV) last posted its earnings results on Friday, July 22nd. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.04. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.64 billion. Autoliv had a net margin of 5.83% and a return on equity of 16.97%. Autoliv’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.62 EPS. Equities research analysts predict that Autoliv Inc. will post $6.66 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $2.32 annualized dividend and a yield of 2.25%. Autoliv’s payout ratio is 36.19%.
ALV has been the topic of several research reports. Berenberg Bank initiated coverage on Autoliv in a research report on Friday, June 17th. They set a “hold” rating and a $109.00 price objective on the stock. Zacks Investment Research cut Autoliv from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. Royal Bank Of Canada cut their price objective on Autoliv from $95.00 to $92.00 and set an “underperform” rating on the stock in a research report on Monday, July 25th. Barclays PLC cut their price objective on Autoliv from $89.00 to $82.00 and set an “underweight” rating on the stock in a research report on Monday, July 25th. Finally, Deutsche Bank AG cut their price objective on Autoliv from $102.00 to $100.00 and set a “hold” rating on the stock in a research report on Monday, July 25th. Eight analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average 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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