Tdam USA Inc. Continues to Hold Position in Autoliv, Inc. (ALV)
Tdam USA Inc. continued to hold its stake in Autoliv, Inc. (NYSE:ALV) during the second quarter, Holdings Channel reports. The institutional investor owned 2,000 shares of the auto parts company’s stock at the end of the second quarter. Tdam USA Inc.’s holdings in Autoliv were worth $218,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in ALV. BlackRock Inc. boosted its stake in Autoliv by 2,592.0% in the first quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock worth $277,583,000 after buying an additional 2,613,635 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Autoliv by 68.9% in the first quarter. Dimensional Fund Advisors LP now owns 727,392 shares of the auto parts company’s stock valued at $74,375,000 after buying an additional 296,818 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Autoliv by 2,167.8% in the first quarter. Alliancebernstein L.P. now owns 305,519 shares of the auto parts company’s stock valued at $31,242,000 after buying an additional 292,047 shares during the last quarter. Edge Asset Management Inc. boosted its stake in Autoliv by 15.6% in the first quarter. Edge Asset Management Inc. now owns 1,719,166 shares of the auto parts company’s stock valued at $175,802,000 after buying an additional 232,363 shares during the last quarter. Finally, Carve CapitalAB purchased a new stake in Autoliv during the second quarter valued at $22,304,000. 32.97% of the stock is owned by institutional investors.
Autoliv, Inc. (NYSE:ALV) opened at 107.01 on Friday. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 16.91 and a beta of 1.13. The firm’s 50-day moving average price is $111.03 and its 200-day moving average price is $106.67. Autoliv, Inc. has a 1-year low of $93.31 and a 1-year high of $117.54.
Autoliv (NYSE:ALV) last posted its 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 analysts’ expectations of $2.57 billion. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.75 EPS. Equities research analysts forecast that Autoliv, Inc. will post $6.22 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 23rd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $2.40 annualized dividend and a dividend yield of 2.24%. Autoliv’s dividend payout ratio is currently 37.97%.
ALV has been the subject of several research reports. Zacks Investment Research cut Autoliv from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Wells Fargo & Company reissued an “outperform” rating and set a $110.50 price target on shares of Autoliv in a report on Wednesday, June 28th. Barclays PLC dropped their price target on Autoliv from $88.00 to $86.00 and set an “underweight” rating for the company in a report on Monday, May 1st. BidaskClub cut Autoliv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $98.00 price target on shares of Autoliv in a report on Thursday, July 6th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $105.32.
In other Autoliv news, 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 transaction of $127,009.72. Following the sale, the director now owns 3,800 shares in the company, valued at $417,506. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the vice president now owns 2,311 shares in the company, valued at approximately $250,859.05. The disclosure for this sale can be found here. 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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