Tokio Marine Asset Management Co. Ltd. raised its stake in Autoliv Inc. (NYSE:ALV) by 10.3% during the second quarter, Holdings Channel reports. The fund owned 3,222 shares of the company’s stock after buying an additional 300 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Autoliv were worth $346,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in ALV. Hartford Investment Management Co. boosted its stake 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 valued at $200,000 after buying an additional 73 shares during the last quarter. Coastline Trust Co boosted its stake in shares of Autoliv by 0.6% in the second quarter. Coastline Trust Co now owns 15,910 shares of the company’s stock valued at $1,709,000 after buying an additional 90 shares during the last quarter. Scotia Capital Inc. boosted its stake in shares of Autoliv by 4.1% in the first quarter. Scotia Capital Inc. now owns 4,660 shares of the company’s stock valued at $552,000 after buying an additional 185 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of 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, Eqis Capital Management Inc. boosted its stake 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 valued at $207,000 after buying an additional 233 shares during the last quarter. Institutional investors own 33.07% of the company’s stock.
Shares of Autoliv Inc. (NYSE:ALV) traded down 1.26% during midday trading on Thursday, reaching $101.19. The company had a trading volume of 349,928 shares. The stock’s 50 day moving average is $105.71 and its 200-day moving average is $112.43. The stock has a market capitalization of $8.93 billion, a PE ratio of 15.79 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 released its quarterly earnings results on Friday, July 22nd. The company reported $1.75 EPS for the quarter, beating 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 firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the previous year, the company posted $1.62 EPS. The business’s revenue was up 12.5% on a year-over-year basis. On average, equities research analysts predict that Autoliv Inc. will post $6.66 earnings per share for the current fiscal year.
The business also recently declared 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. The ex-dividend date of this dividend is Monday, November 14th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.29%. Autoliv’s dividend payout ratio (DPR) is presently 36.19%.
Several research firms recently issued reports on ALV. Wells Fargo & Co. reiterated a “hold” rating on shares of Autoliv in a report on Tuesday, July 26th. Royal Bank Of Canada decreased 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. Barclays PLC decreased their price target on Autoliv from $89.00 to $82.00 and set an “underweight” 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 Wednesday, July 20th. Finally, Piper Jaffray Cos. set a $104.00 price target on Autoliv and gave the company a “hold” rating in a report on Monday, July 25th. Eight analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The stock 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.
Want to see what other hedge funds are holding ALV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autoliv Inc. (NYSE:ALV).
Receive News & Ratings for Autoliv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autoliv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.