Oppenheimer & Co. Inc. Has $359,000 Stake in Autoliv Inc. (ALV)
Oppenheimer & Co. Inc. boosted its stake in Autoliv Inc. (NYSE:ALV) by 22.1% during the second quarter, Holdings Channel reports. The fund owned 3,343 shares of the company’s stock after buying an additional 606 shares during the period. Oppenheimer & Co. Inc.’s holdings in Autoliv were worth $359,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALV. Norges Bank bought a new stake in Autoliv during the fourth quarter valued at $88,737,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in 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 in the last quarter. 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 in the last quarter. Aperio Group LLC raised its stake in 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 in the last quarter. Finally, IFP Advisors Inc raised its stake in 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 in the last quarter. Hedge funds and other institutional investors own 33.10% of the company’s stock.
Shares of Autoliv Inc. (NYSE:ALV) traded down 0.18% during mid-day trading on Tuesday, reaching $104.99. The company’s stock had a trading volume of 221,180 shares. The stock has a market capitalization of $9.26 billion, a P/E ratio of 16.38 and a beta of 1.34. The company’s 50-day moving average price is $105.97 and its 200-day moving average price is $113.40. Autoliv Inc. has a 12-month low of $95.34 and a 12-month high of $129.37.
Autoliv (NYSE:ALV) last issued its earnings results on Friday, July 22nd. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.04. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.64 billion. Autoliv had a return on equity of 16.97% and a net margin of 5.83%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the company earned $1.62 EPS. On average, equities research analysts forecast that Autoliv Inc. will post $6.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Monday, November 14th. Autoliv’s payout ratio is 36.19%.
Several analysts recently issued reports on ALV shares. Deutsche Bank AG reduced their price target on shares of Autoliv from $102.00 to $100.00 and set a “hold” rating for the company in a research report on Monday, July 25th. Wells Fargo & Co. reissued a “hold” rating on shares of Autoliv in a research report on Tuesday, July 26th. Piper Jaffray Cos. set a $104.00 price target on shares of Autoliv and gave the company a “hold” rating in a research report on Monday, July 25th. Zacks Investment Research raised shares of Autoliv from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Finally, Berenberg Bank began 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. Nine investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company 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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