Autoliv Inc. (ALV) Position Boosted by Fjarde AP Fonden Fourth Swedish National Pension Fund
Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Autoliv Inc. (NYSE:ALV) by 19.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 26,769 shares of the auto parts company’s stock after buying an additional 4,275 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Autoliv were worth $2,939,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Creative Planning boosted its stake in Autoliv by 0.3% in the first quarter. Creative Planning now owns 1,220 shares of the auto parts company’s stock worth $125,000 after buying an additional 4 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its stake in Autoliv by 33.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 5,526 shares of the auto parts company’s stock worth $565,000 after buying an additional 1,384 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Autoliv by 5.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,353 shares of the auto parts company’s stock worth $225,000 after buying an additional 127 shares in the last quarter. Strs Ohio boosted its stake in Autoliv by 6.4% in the first quarter. Strs Ohio now owns 10,668 shares of the auto parts company’s stock worth $1,090,000 after buying an additional 637 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Autoliv by 10.3% in the first quarter. Russell Investments Group Ltd. now owns 10,754 shares of the auto parts company’s stock worth $1,100,000 after buying an additional 1,007 shares in the last quarter. 34.75% of the stock is owned by hedge funds and other institutional investors.
Autoliv Inc. (NYSE ALV) opened at 108.62 on Friday. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of 17.16 and a beta of 1.13. Autoliv Inc. has a 52-week low of $93.31 and a 52-week high of $117.54. The stock has a 50 day moving average price of $109.11 and a 200 day moving average price of $106.33.
Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by $0.04. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.57 billion. Autoliv had a return on equity of 13.50% and a net margin of 5.04%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company posted $1.75 earnings per share. Analysts anticipate that Autoliv Inc. will post $6.22 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.40 dividend on an annualized basis and a yield of 2.21%. Autoliv’s payout ratio is 37.97%.
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A number of equities research analysts recently weighed in on ALV shares. Jefferies Group LLC raised Autoliv from a “hold” rating to a “buy” rating and raised their price target for the company from $108.00 to $119.00 in a report on Tuesday, May 9th. Zacks Investment Research raised Autoliv from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 23rd. Morgan Stanley raised Autoliv from an “equal weight” rating to an “overweight” rating and set a $120.00 price target for the company in a report on Wednesday, May 24th. Guggenheim started coverage on Autoliv in a report on Wednesday, June 21st. They set a “neutral” rating and a $102.00 price target for the company. Finally, BidaskClub cut Autoliv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $105.44.
In related news, VP Thomas Jonsson sold 1,240 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total value of $134,602.00. Following the completion of the sale, the vice president now directly owns 2,311 shares in the company, valued at $250,859.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.25% of the company’s stock.
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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