Wedge Capital Management L L P NC Decreases Holdings in Autoliv, Inc. (ALV)
Wedge Capital Management L L P NC trimmed its position in Autoliv, Inc. (NYSE:ALV) by 22.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,440 shares of the auto parts company’s stock after selling 48,273 shares during the quarter. Wedge Capital Management L L P NC owned 0.19% of Autoliv worth $20,078,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ALV. Vanguard Group Inc. grew its holdings in shares of Autoliv by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 1,376,135 shares of the auto parts company’s stock worth $140,724,000 after purchasing an additional 52,894 shares in the last quarter. Morgan Stanley grew its holdings in shares of Autoliv by 12.0% during the 1st quarter. Morgan Stanley now owns 52,448 shares of the auto parts company’s stock worth $5,364,000 after purchasing an additional 5,638 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Autoliv by 2,592.0% during the 1st quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock worth $277,583,000 after purchasing an additional 2,613,635 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Autoliv by 9.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 156,829 shares of the auto parts company’s stock worth $16,038,000 after purchasing an additional 13,954 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Autoliv during the 1st quarter worth $352,000. 32.72% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on ALV. Mizuho increased their target price on Autoliv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 15th. Buckingham Research upgraded Autoliv from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $87.00 to $114.00 in a research report on Friday, September 15th. Wells Fargo & Company upped their price objective on Autoliv to $140.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th. They noted that the move was a valuation call. Citigroup Inc. upped their price objective on Autoliv from $105.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, September 15th. Finally, Deutsche Bank AG restated a “hold” rating and set a $120.00 price objective (up from $101.00) on shares of Autoliv in a research report on Thursday, September 14th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $113.95.
Shares of Autoliv, Inc. (NYSE:ALV) opened at $125.67 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.55 and a debt-to-equity ratio of 0.31. Autoliv, Inc. has a one year low of $93.31 and a one year high of $127.75. The company has a market capitalization of $10,927.40, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 2.45 and a beta of 1.10.
Autoliv (NYSE:ALV) last announced its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.14. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the firm posted $1.63 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. equities research analysts expect that Autoliv, Inc. will post 6.25 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, November 21st. This represents a $2.40 annualized dividend and a dividend yield of 1.91%. Autoliv’s payout ratio is 41.38%.
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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