Tredje AP fonden boosted its stake in shares of Autoliv (NYSE:ALV) by 55.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,160 shares of the auto parts company’s stock after acquiring an additional 3,990 shares during the quarter. Tredje AP fonden’s holdings in Autoliv were worth $1,629,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Neuberger Berman Group LLC increased its position in shares of Autoliv by 42.1% in the first quarter. Neuberger Berman Group LLC now owns 71,873 shares of the auto parts company’s stock valued at $10,489,000 after buying an additional 21,300 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in shares of Autoliv in the first quarter valued at approximately $1,022,000. Schwab Charles Investment Management Inc. increased its position in shares of Autoliv by 2.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 189,668 shares of the auto parts company’s stock valued at $27,681,000 after buying an additional 5,133 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Autoliv by 182.3% in the first quarter. Robeco Institutional Asset Management B.V. now owns 17,373 shares of the auto parts company’s stock valued at $2,537,000 after buying an additional 11,219 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Autoliv by 12.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 14,410 shares of the auto parts company’s stock valued at $2,103,000 after buying an additional 1,573 shares in the last quarter. Institutional investors own 39.79% of the company’s stock.
A number of analysts have recently commented on ALV shares. Longbow Research restated a “buy” rating and issued a $168.00 price objective on shares of Autoliv in a research report on Tuesday, March 27th. Mizuho boosted their price objective on Autoliv from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Robert W. Baird restated a “buy” rating and issued a $194.00 price objective on shares of Autoliv in a research report on Tuesday, April 17th. ValuEngine cut Autoliv from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 27th. Finally, Zacks Investment Research upgraded Autoliv from a “hold” rating to a “buy” rating and set a $153.00 price target for the company in a research report on Monday, April 30th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $135.48.
Shares of Autoliv stock opened at $150.85 on Tuesday. Autoliv has a 52 week low of $104.56 and a 52 week high of $153.84. The firm has a market capitalization of $12.99 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 2.11 and a beta of 1.28. The company has a current ratio of 1.55, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31.
Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, April 27th. The auto parts company reported $1.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.81 by ($0.15). Autoliv had a net margin of 3.87% and a return on equity of 13.63%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the company earned $1.65 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. equities analysts forecast that Autoliv will post 7.33 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 6th. Stockholders of record on Wednesday, August 22nd will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Tuesday, August 21st. Autoliv’s dividend payout ratio (DPR) is presently 36.47%.
Autoliv Company Profile
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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