Pacer Advisors Inc. raised its position in shares of Autoliv, Inc. (NYSE:ALV) by 8.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,944 shares of the auto parts company’s stock after purchasing an additional 145 shares during the period. Pacer Advisors Inc.’s holdings in Autoliv were worth $213,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Toronto Dominion Bank boosted its stake in Autoliv by 26.9% during the 1st quarter. Toronto Dominion Bank now owns 971 shares of the auto parts company’s stock valued at $100,000 after purchasing an additional 206 shares during the period. Victory Capital Management Inc. boosted its stake in Autoliv by 43.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock valued at $149,000 after purchasing an additional 414 shares during the period. IHT Wealth Management LLC boosted its stake in Autoliv by 34.8% during the 1st quarter. IHT Wealth Management LLC now owns 1,937 shares of the auto parts company’s stock valued at $188,000 after purchasing an additional 500 shares during the period. Global X Management Co. LLC boosted its stake in Autoliv by 31.6% during the 1st quarter. Global X Management Co. LLC now owns 2,030 shares of the auto parts company’s stock valued at $208,000 after purchasing an additional 488 shares during the period. Finally, Trexquant Investment LP acquired a new position in Autoliv during the 1st quarter valued at about $214,000. 34.76% of the stock is owned by hedge funds and other institutional investors.
In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total transaction of $134,602.00. Following the transaction, the vice president now directly owns 2,311 shares in the company, valued at approximately $250,859.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.25% of the company’s stock.
A number of research analysts have issued reports on the stock. KeyCorp boosted their target price on shares of Autoliv from $124.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday. Buckingham Research reissued a “sell” rating and set a $87.00 target price on shares of Autoliv in a research note on Thursday. Pareto Securities raised shares of Autoliv from a “sell” rating to a “hold” rating in a research note on Friday. Wells Fargo & Company boosted their target price on shares of Autoliv to $140.00 and gave the company an “outperform” rating in a research note on Friday. They noted that the move was a valuation call. Finally, Mizuho boosted their target price on shares of Autoliv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $109.20.
Shares of Autoliv, Inc. (NYSE:ALV) opened at 125.45 on Friday. The company has a 50 day moving average of $109.21 and a 200-day moving average of $106.86. Autoliv, Inc. has a 12-month low of $93.31 and a 12-month high of $127.72. The company has a market capitalization of $10.90 billion, a P/E ratio of 19.82 and a beta of 1.12.
Autoliv (NYSE:ALV) last released its earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the company posted $1.75 earnings per share. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities analysts anticipate that Autoliv, Inc. will post $6.22 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, November 21st. This represents a $2.40 dividend on an annualized basis and a yield of 1.91%. Autoliv’s payout ratio is presently 37.97%.
Autoliv Company Profile
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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