Autoliv Inc. (ALV) Position Lowered by LSV Asset Management
LSV Asset Management decreased its holdings in Autoliv Inc. (NYSE:ALV) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 92,177 shares of the auto parts company’s stock after selling 1,200 shares during the quarter. LSV Asset Management owned approximately 0.11% of Autoliv worth $13,201,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in ALV. Legacy Advisors LLC acquired a new position in shares of Autoliv in the second quarter worth about $176,000. Engineers Gate Manager LP acquired a new stake in Autoliv during the second quarter valued at approximately $201,000. Parametrica Management Ltd acquired a new stake in Autoliv during the first quarter valued at approximately $223,000. Wsfs Capital Management LLC acquired a new stake in Autoliv during the first quarter valued at approximately $229,000. Finally, Commonwealth Equity Services LLC acquired a new stake in Autoliv during the first quarter valued at approximately $282,000. Institutional investors and hedge funds own 39.82% of the company’s stock.
Several analysts have issued reports on the company. Evercore ISI upgraded Autoliv from an “underperform” rating to an “in-line” rating in a research note on Monday, July 2nd. Zacks Investment Research upgraded Autoliv from a “hold” rating to a “strong-buy” rating and set a $115.00 price objective on the stock in a research note on Friday, July 6th. ValuEngine cut Autoliv from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. BMO Capital Markets cut their price objective on Autoliv from $180.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, July 9th. They noted that the move was a valuation call. Finally, Citigroup cut their price objective on Autoliv from $104.00 to $100.00 and set a “neutral” rating on the stock in a research note on Thursday, August 9th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $121.82.
Autoliv (NYSE:ALV) last posted its earnings results on Friday, July 27th. The auto parts company reported $2.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.88 by $0.34. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.23 billion. Autoliv had a return on equity of 17.38% and a net margin of 3.09%. The business’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 earnings per share. equities research analysts anticipate that Autoliv Inc. will post 7.93 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Wednesday, November 21st will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Tuesday, November 20th. Autoliv’s dividend payout ratio (DPR) is presently 37.69%.
Autoliv Company Profile
Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.
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