Autoliv Inc. (ALV) Position Lowered by Strs Ohio
Strs Ohio lowered its position in Autoliv Inc. (NYSE:ALV) by 29.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,417 shares of the auto parts company’s stock after selling 5,943 shares during the period. Strs Ohio’s holdings in Autoliv were worth $1,012,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALV. Reynders McVeigh Capital Management LLC increased its holdings in Autoliv by 1.7% during the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 9,398 shares of the auto parts company’s stock worth $815,000 after purchasing an additional 160 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Autoliv by 13.2% during the 3rd quarter. CIBC Asset Management Inc now owns 5,357 shares of the auto parts company’s stock worth $464,000 after purchasing an additional 626 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in Autoliv by 18.1% during the 3rd quarter. IFM Investors Pty Ltd now owns 4,339 shares of the auto parts company’s stock worth $376,000 after purchasing an additional 665 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Autoliv by 0.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 87,121 shares of the auto parts company’s stock worth $7,552,000 after purchasing an additional 732 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Autoliv by 2.2% during the 3rd quarter. Wells Fargo & Company MN now owns 35,514 shares of the auto parts company’s stock worth $3,079,000 after purchasing an additional 749 shares in the last quarter. Institutional investors and hedge funds own 31.59% of the company’s stock.
A number of equities analysts have issued reports on the company. Mizuho reiterated a “hold” rating and set a $80.00 target price on shares of Autoliv in a report on Tuesday, January 29th. Evercore ISI downgraded shares of Autoliv to a “hold” rating and set a $90.00 price objective for the company. in a research note on Friday, October 12th. Daiwa Capital Markets set a $89.00 price objective on shares of Autoliv and gave the stock a “buy” rating in a research note on Monday, October 29th. BMO Capital Markets restated a “hold” rating and set a $79.00 price objective on shares of Autoliv in a research note on Wednesday, January 30th. Finally, ValuEngine upgraded shares of Autoliv from a “strong sell” rating to a “sell” rating in a research note on Monday, November 26th. Seven investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $94.96.
Autoliv (NYSE:ALV) last announced its earnings results on Tuesday, January 29th. The auto parts company reported $1.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.20). Autoliv had a return on equity of 20.76% and a net margin of 2.06%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the business posted $2.29 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities analysts predict that Autoliv Inc. will post 7.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Friday, February 22nd will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, February 21st. This represents a $2.48 annualized dividend and a dividend yield of 3.20%. Autoliv’s dividend payout ratio is presently 36.31%.
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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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