Walter & Keenan Financial Consulting Co. MI ADV Has $220,000 Stake in Autoliv, Inc. (ALV)
Walter & Keenan Financial Consulting Co. MI ADV held its position in Autoliv, Inc. (NYSE:ALV) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,000 shares of the auto parts company’s stock at the end of the second quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Autoliv were worth $220,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in ALV. Macquarie Group Ltd. boosted its position in Autoliv by 2,057.6% in the fourth quarter. Macquarie Group Ltd. now owns 60,414 shares of the auto parts company’s stock worth $6,836,000 after buying an additional 57,614 shares during the period. Creative Planning boosted its position 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 during the period. Gulf International Bank UK Ltd boosted its position in Autoliv by 1.7% in the first quarter. Gulf International Bank UK Ltd now owns 27,343 shares of the auto parts company’s stock worth $2,796,000 after buying an additional 470 shares during the period. Parametrica Management Ltd bought a new position in Autoliv during the first quarter worth $377,000. Finally, Fox Run Management L.L.C. bought a new position in Autoliv during the first quarter worth $708,000. 32.97% of the stock is owned by institutional investors.
Shares of Autoliv, Inc. (NYSE:ALV) opened at 107.01 on Friday. Autoliv, Inc. has a 52-week low of $93.31 and a 52-week high of $117.54. The stock has a market cap of $9.30 billion, a P/E 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 (NYSE:ALV) last posted its earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by $0.04. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the business earned $1.75 earnings per share. Autoliv’s quarterly revenue was down 1.3% on a year-over-year basis. On average, equities research analysts forecast that Autoliv, Inc. will post $6.22 earnings per share 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 issued 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 yield of 2.24%. Autoliv’s dividend payout ratio (DPR) is currently 37.97%.
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A number of equities analysts have recently weighed in on ALV shares. Royal Bank Of Canada reissued a “hold” rating and issued a $99.00 price target on shares of Autoliv in a report on Friday, April 28th. Barclays PLC cut 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. Jefferies Group LLC set a $108.00 price target on Autoliv and gave the stock a “hold” rating in a report on Sunday, April 30th. Zacks Investment Research cut Autoliv from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Finally, 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. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Autoliv currently has an average rating of “Hold” and an average price target of $105.32.
In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total transaction of $134,602.00. Following the transaction, the vice president now directly owns 2,311 shares in the company, valued at $250,859.05. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert W. Alspaugh sold 1,156 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $109.87, for a total value of $127,009.72. Following the transaction, the director now owns 3,800 shares in the company, valued at $417,506. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.
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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