Schroder Investment Management Group trimmed its position in Autoliv, Inc. (NYSE:ALV) by 40.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 139,070 shares of the auto parts company’s stock after selling 94,895 shares during the period. Schroder Investment Management Group owned about 0.16% of Autoliv worth $15,153,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of ALV. Strs Ohio boosted its holdings in shares of Autoliv by 6.4% during the 1st quarter. Strs Ohio now owns 10,668 shares of the auto parts company’s stock worth $1,090,000 after purchasing an additional 637 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Autoliv by 10.3% during the 1st quarter. Russell Investments Group Ltd. now owns 10,754 shares of the auto parts company’s stock worth $1,100,000 after purchasing an additional 1,007 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Autoliv by 356.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 23,398 shares of the auto parts company’s stock worth $2,393,000 after purchasing an additional 18,275 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Autoliv by 1.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 53,382 shares of the auto parts company’s stock worth $5,450,000 after purchasing an additional 980 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Autoliv by 4.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 9,627 shares of the auto parts company’s stock worth $984,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 34.76% of the company’s stock.
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Shares of Autoliv, Inc. (NYSE ALV) opened at 127.18 on Friday. Autoliv, Inc. has a 12 month low of $93.31 and a 12 month high of $127.72. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 20.09 and a beta of 1.12. The firm has a 50-day moving average price of $108.74 and a 200-day moving average price of $106.71.
Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.04). The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.75 EPS. Equities analysts expect that Autoliv, Inc. will post $6.22 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.89%. Autoliv’s dividend payout ratio (DPR) is presently 37.97%.
ALV has been the topic of several recent research reports. BidaskClub cut Autoliv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Bank of America Corporation lowered their target price on Autoliv from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th. Royal Bank Of Canada restated a “hold” rating and set a $98.00 target price on shares of Autoliv in a report on Thursday, July 6th. Jefferies Group LLC restated a “buy” rating and set a $119.00 target price on shares of Autoliv in a report on Friday, June 16th. Finally, Citigroup Inc. boosted their target price on Autoliv to $129.00 and gave the stock a “neutral” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $107.45.
In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of Autoliv stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total value of $134,602.00. Following the transaction, the vice president now owns 2,311 shares in the company, valued at approximately $250,859.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.25% of the stock is owned by company insiders.
Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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