Swiss National Bank lowered its stake in shares of Autoliv Inc. (NYSE:ALV) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 271,461 shares of the auto parts company’s stock after selling 18,800 shares during the quarter. Swiss National Bank owned 0.31% of Autoliv worth $19,141,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Financial Gravity Wealth Inc. grew its holdings in Autoliv by 495.4% during the second quarter. Financial Gravity Wealth Inc. now owns 774 shares of the auto parts company’s stock worth $55,000 after buying an additional 644 shares in the last quarter. Icon Wealth Partners LLC bought a new position in Autoliv in the 1st quarter valued at $57,000. Pearl River Capital LLC bought a new position in Autoliv in the 1st quarter valued at $132,000. Tech Square Trading LP bought a new position in Autoliv in the 1st quarter valued at $218,000. Finally, World Asset Management Inc bought a new position in Autoliv in the 1st quarter valued at $268,000. Institutional investors and hedge funds own 35.57% of the company’s stock.
A number of research analysts have issued reports on the company. ValuEngine upgraded Autoliv from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Royal Bank of Canada reduced their price objective on Autoliv from $63.00 to $61.00 and set an “underperform” rating for the company in a research note on Monday, July 22nd. Barclays set a $50.00 price objective on Autoliv and gave the company a “sell” rating in a research note on Friday, July 19th. Robert W. Baird upgraded Autoliv from an “underperform” rating to a “neutral” rating and set a $74.00 price objective for the company in a research note on Monday, July 15th. Finally, Nordea Equity Research upgraded Autoliv from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $83.49.
Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.01. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Autoliv had a return on equity of 23.49% and a net margin of 2.89%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.22 EPS. Equities analysts predict that Autoliv Inc. will post 5.94 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.62 per share. The ex-dividend date is Tuesday, November 19th. This represents a $2.48 dividend on an annualized basis and a yield of 3.78%. Autoliv’s dividend payout ratio (DPR) is 36.31%.
Autoliv Company Profile
Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.
Read More: How does a security become overbought?
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autoliv and related companies with MarketBeat.com's FREE daily email newsletter.