3,123 Shares in Autoliv Inc. (ALV) Acquired by Parametrica Management Ltd
Parametrica Management Ltd bought a new position in shares of Autoliv Inc. (NYSE:ALV) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,123 shares of the company’s stock, valued at approximately $336,000.
Several other large investors also recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. raised its stake in Autoliv by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,510,087 shares of the company’s stock valued at $178,915,000 after buying an additional 8,783 shares during the last quarter. State Street Corp raised its stake in Autoliv by 10.4% in the first quarter. State Street Corp now owns 864,427 shares of the company’s stock valued at $102,415,000 after buying an additional 81,460 shares during the last quarter. Norges Bank acquired a new stake in Autoliv during the fourth quarter valued at approximately $88,737,000. Apex Capital Management raised its stake in Autoliv by 0.4% in the first quarter. Apex Capital Management now owns 691,020 shares of the company’s stock valued at $81,872,000 after buying an additional 2,740 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Autoliv by 7.9% in the first quarter. Wellington Management Group LLP now owns 607,906 shares of the company’s stock valued at $72,025,000 after buying an additional 44,600 shares during the last quarter. 33.10% of the stock is currently owned by hedge funds and other institutional investors.
Autoliv Inc. (NYSE:ALV) traded down 1.60% during trading on Friday, hitting $104.20. 472,207 shares of the company’s stock were exchanged. Autoliv Inc. has a 12-month low of $95.34 and a 12-month high of $129.37. The firm has a market cap of $9.19 billion, a price-to-earnings ratio of 16.26 and a beta of 1.34. The company’s 50-day moving average price is $106.14 and its 200 day moving average price is $113.52.
Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, July 22nd. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.04. Autoliv had a net margin of 5.83% and a return on equity of 16.97%. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period last year, the business earned $1.62 EPS. The company’s revenue was up 12.5% compared to the same quarter last year. Equities analysts forecast that Autoliv Inc. will post $6.65 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Wednesday, November 16th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Monday, November 14th. Autoliv’s dividend payout ratio is currently 36.19%.
ALV has been the topic of several research reports. Piper Jaffray Cos. initiated coverage on shares of Autoliv in a research note on Thursday, June 9th. They set a “neutral” rating and a $123.00 price objective on the stock. Zacks Investment Research lowered shares of Autoliv from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Citigroup Inc. decreased their target price on shares of Autoliv from $121.00 to $113.00 and set a “neutral” rating for the company in a report on Thursday, July 28th. Berenberg Bank initiated coverage on shares of Autoliv in a report on Friday, June 17th. They issued a “hold” rating and a $109.00 target price for the company. Finally, RBC Capital Markets reaffirmed an “underperform” rating and issued a $92.00 target price (down from $95.00) on shares of Autoliv in a report on Monday, July 25th. Nine equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$96.34.
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.
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