Rhumbline Advisers boosted its position in shares of Autoliv Inc. (NYSE:ALV) by 24.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,638 shares of the auto parts company’s stock after purchasing an additional 5,391 shares during the period. Rhumbline Advisers’ holdings in Autoliv were worth $3,958,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Legacy Advisors LLC purchased a new stake in Autoliv in the 2nd quarter valued at about $176,000. Engineers Gate Manager LP purchased a new stake in Autoliv in the 2nd quarter valued at about $201,000. Parametrica Management Ltd purchased a new stake in Autoliv in the 1st quarter valued at about $223,000. Wsfs Capital Management LLC purchased a new stake in Autoliv in the 1st quarter valued at about $229,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Autoliv in the 1st quarter valued at about $282,000. Institutional investors own 40.40% of the company’s stock.
In other news, Director Jan Carlson sold 42,589 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $89.53, for a total value of $3,812,993.17. Following the completion of the sale, the director now owns 53,579 shares of the company’s stock, valued at approximately $4,796,927.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by corporate insiders.
Several research firms have issued reports on ALV. Longbow Research set a $168.00 price objective on shares of Autoliv and gave the company a “buy” rating in a research report on Friday, June 1st. Royal Bank of Canada lowered their price objective on shares of Autoliv to $110.00 and set a “sector perform” rating for the company in a research report on Monday, July 2nd. They noted that the move was a valuation call. Mizuho reissued a “buy” rating and issued a $160.00 price objective on shares of Autoliv in a research report on Tuesday, June 26th. BMO Capital Markets boosted their price objective on shares of Autoliv from $175.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, June 11th. Finally, Guggenheim set a $106.00 price objective on shares of Autoliv and gave the company a “hold” rating in a research report on Friday, July 13th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $121.55.
Shares of ALV opened at $86.55 on Thursday. Autoliv Inc. has a fifty-two week low of $77.63 and a fifty-two week high of $115.37. The company has a market capitalization of $7.76 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.23 and a quick ratio of 0.97.
Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 27th. The auto parts company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.34. Autoliv had a net margin of 3.09% and a return on equity of 17.38%. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the prior year, the company earned $1.50 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. equities analysts expect that Autoliv Inc. will post 7.96 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Wednesday, November 21st will be given a $0.62 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $2.48 annualized dividend and a dividend yield of 2.87%. Autoliv’s payout ratio is presently 37.69%.
Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers 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.
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