Candriam Luxembourg S.C.A. Continues to Hold Stake in Autoliv, Inc. (ALV)
Candriam Luxembourg S.C.A. continued to hold its position in shares of Autoliv, Inc. (NYSE:ALV) during the second quarter, Holdings Channel reports. The firm owned 5,526 shares of the auto parts company’s stock at the end of the second quarter. Candriam Luxembourg S.C.A.’s holdings in Autoliv were worth $607,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. raised its position in shares of Autoliv by 8.5% in the second quarter. Daiwa Securities Group Inc. now owns 2,550 shares of the auto parts company’s stock worth $280,000 after buying an additional 200 shares during the period. Strs Ohio raised its position in shares of Autoliv by 6.2% in the second quarter. Strs Ohio now owns 11,330 shares of the auto parts company’s stock worth $1,244,000 after buying an additional 662 shares during the period. Russell Investments Group Ltd. raised its position in shares of Autoliv by 56.2% in the second quarter. Russell Investments Group Ltd. now owns 16,800 shares of the auto parts company’s stock worth $1,845,000 after buying an additional 6,046 shares during the period. Regentatlantic Capital LLC raised its position in shares of Autoliv by 3.7% in the second quarter. Regentatlantic Capital LLC now owns 3,446 shares of the auto parts company’s stock worth $378,000 after buying an additional 124 shares during the period. Finally, Aperio Group LLC raised its position in shares of Autoliv by 1.4% in the second quarter. Aperio Group LLC now owns 14,212 shares of the auto parts company’s stock worth $1,560,000 after buying an additional 190 shares during the period. Institutional investors and hedge funds own 35.37% of the company’s stock.
Shares of Autoliv, Inc. (ALV) opened at 108.17 on Wednesday. The firm has a market cap of $9.40 billion, a P/E ratio of 17.09 and a beta of 1.13. Autoliv, Inc. has a 12-month low of $93.31 and a 12-month high of $117.54. The firm has a 50-day moving average price of $110.97 and a 200-day moving average price of $106.42.
Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by $0.04. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the previous year, the company posted $1.75 EPS. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities research analysts expect that Autoliv, Inc. will post $6.22 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be paid a $0.60 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $2.40 annualized dividend and a dividend yield of 2.22%. Autoliv’s payout ratio is 37.97%.
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A number of equities analysts have recently issued reports on the stock. BMO Capital Markets restated an “outperform” rating and set a $121.00 target price on shares of Autoliv in a research report on Wednesday, July 26th. Piper Jaffray Companies restated a “hold” rating and set a $99.00 target price on shares of Autoliv in a research report on Wednesday, July 26th. Bank of America Corporation lowered their target price on shares of Autoliv from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 25th. BidaskClub lowered shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada lowered their target price on shares of Autoliv from $100.00 to $98.00 and set a “sector perform” rating on the stock in a research report on Monday, July 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Autoliv has a consensus rating of “Hold” and a consensus target price of $105.32.
In other 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 transaction, the vice president now owns 2,311 shares of the company’s stock, valued at $250,859.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert W. Alspaugh sold 1,156 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $109.87, for a total value of $127,009.72. Following the completion of the transaction, the director now directly owns 3,800 shares of the company’s stock, valued at approximately $417,506. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
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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