Autoliv Inc. (ALV) Stake Decreased by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. lowered its stake in Autoliv Inc. (NYSE:ALV) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,291 shares of the company’s stock after selling 1,633 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.22% of Autoliv worth $21,199,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Autoliv during the fourth quarter valued at $88,737,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Autoliv by 8.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,167 shares of the company’s stock valued at $3,219,000 after buying an additional 2,114 shares during the last quarter. Apex Capital Management raised its position in shares of 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. Aperio Group LLC raised its position in shares of Autoliv by 4.1% in the first quarter. Aperio Group LLC now owns 24,568 shares of the company’s stock valued at $2,911,000 after buying an additional 957 shares during the last quarter. Finally, IFP Advisors Inc raised 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 valued at $137,000 after buying an additional 249 shares during the last quarter. Institutional investors and hedge funds own 33.10% of the company’s stock.
Shares of Autoliv Inc. (NYSE:ALV) traded up 1.13% during trading on Monday, reaching $105.38. The company had a trading volume of 313,088 shares. The firm has a market capitalization of $9.30 billion, a PE ratio of 16.44 and a beta of 1.34. The stock has a 50 day moving average price of $106.14 and a 200 day moving average price of $113.52. Autoliv Inc. has a 12 month low of $95.34 and a 12 month high of $129.37.
Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 22nd. The company reported $1.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.04. The business earned $2.58 billion during the quarter, compared to analyst estimates of $2.64 billion. Autoliv had a return on equity of 16.97% and a net margin of 5.83%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.62 EPS. On average, equities research analysts forecast that Autoliv Inc. will post $6.65 EPS for the current 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 dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $2.32 annualized dividend and a dividend yield of 2.23%. Autoliv’s dividend payout ratio is 36.19%.
ALV has been the topic of several recent analyst reports. Piper Jaffray Cos. initiated coverage on shares of Autoliv in a report on Thursday, June 9th. They set a “neutral” rating and a $123.00 price objective on the stock. Berenberg Bank initiated coverage on shares of Autoliv in a report on Friday, June 17th. They set a “hold” rating and a $109.00 price objective on the stock. Zacks Investment Research lowered shares of Autoliv from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Royal Bank Of Canada cut their price objective on shares of Autoliv from $95.00 to $92.00 and set an “underperform” rating on the stock in a report on Monday, July 25th. Finally, Barclays PLC cut their price objective on shares of Autoliv from $89.00 to $82.00 and set an “underweight” rating on the stock in a report on Monday, July 25th. Nine analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Autoliv has an average rating of “Hold” and a consensus price target 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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