Autoliv Inc. (ALV) Shares Bought by Hartford Investment Management Co.
Hartford Investment Management Co. boosted its position in shares of Autoliv Inc. (NYSE:ALV) by 4.1% during the second quarter, Holdings Channel reports. The institutional investor owned 1,862 shares of the company’s stock after buying an additional 73 shares during the period. Hartford Investment Management Co.’s holdings in Autoliv were worth $200,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc boosted its position in shares of Autoliv by 27.5% in the first quarter. IFP Advisors Inc now owns 1,153 shares of the company’s stock worth $137,000 after buying an additional 249 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in Autoliv by 13.7% in the second quarter. Eqis Capital Management Inc. now owns 1,930 shares of the company’s stock worth $207,000 after buying an additional 233 shares in the last quarter. Magnetar Financial LLC bought a new stake in Autoliv during the first quarter worth approximately $213,000. BlueMountain Capital Management LLC bought a new stake in Autoliv during the first quarter worth approximately $495,000. Finally, Scotia Capital Inc. boosted its stake in Autoliv by 4.1% in the first quarter. Scotia Capital Inc. now owns 4,660 shares of the company’s stock worth $552,000 after buying an additional 185 shares in the last quarter. Institutional investors and hedge funds own 33.10% of the company’s stock.
Autoliv Inc. (NYSE:ALV) traded down 1.60% during trading on Friday, reaching $104.20. The company had a trading volume of 472,207 shares. Autoliv Inc. has a 12 month low of $95.34 and a 12 month high of $129.37. The stock has a 50 day moving average of $106.14 and a 200-day moving average of $113.52. The company has a market capitalization of $9.19 billion, a P/E ratio of 16.26 and a beta of 1.34.
Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 22nd. The company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.71 by $0.04. Autoliv had a return on equity of 16.97% and a net margin of 5.83%. The business earned $2.58 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the business posted $1.62 earnings per share. Autoliv’s revenue was up 12.5% compared to the same quarter last year. Equities research analysts expect that Autoliv Inc. will post $6.65 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Wednesday, November 16th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Monday, November 14th. Autoliv’s dividend payout ratio is 36.19%.
A number of analysts recently commented on ALV shares. Zacks Investment Research cut Autoliv from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 27th. Berenberg Bank started coverage on Autoliv in a research report on Friday, June 17th. They set a “hold” rating and a $109.00 price objective for the company. RBC Capital Markets reiterated an “underperform” rating and set a $92.00 price objective (down previously from $95.00) on shares of Autoliv in a research report on Monday, July 25th. Citigroup Inc. dropped their price objective on Autoliv from $121.00 to $113.00 and set a “neutral” rating for the company in a research report on Thursday, July 28th. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Autoliv in a research report on Tuesday, July 26th. Nine analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$96.34.
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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