DekaBank Deutsche Girozentrale reduced its holdings in Autoliv Inc. (NYSE:ALV) by 51.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,306 shares of the auto parts company’s stock after selling 7,602 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Autoliv were worth $690,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Autoliv by 1.2% in the third quarter. BlackRock Inc. now owns 2,994,023 shares of the auto parts company’s stock valued at $259,522,000 after purchasing an additional 35,432 shares during the last quarter. Northern Trust Corp increased its stake in Autoliv by 12.5% in the second quarter. Northern Trust Corp now owns 404,199 shares of the auto parts company’s stock valued at $57,889,000 after purchasing an additional 44,969 shares during the last quarter. Legal & General Group Plc increased its stake in Autoliv by 0.9% in the second quarter. Legal & General Group Plc now owns 403,512 shares of the auto parts company’s stock valued at $57,791,000 after purchasing an additional 3,498 shares during the last quarter. Renaissance Technologies LLC increased its stake in Autoliv by 4.5% in the second quarter. Renaissance Technologies LLC now owns 377,937 shares of the auto parts company’s stock valued at $52,758,000 after purchasing an additional 16,337 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Autoliv by 140.7% in the third quarter. JPMorgan Chase & Co. now owns 332,746 shares of the auto parts company’s stock valued at $28,842,000 after purchasing an additional 194,499 shares during the last quarter. Hedge funds and other institutional investors own 31.69% of the company’s stock.
Shares of NYSE ALV opened at $77.97 on Friday. Autoliv Inc. has a 1-year low of $75.99 and a 1-year high of $115.37. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $7.22 billion, a PE ratio of 11.42, a P/E/G ratio of 0.70 and a beta of 1.16.
Autoliv (NYSE:ALV) last issued its earnings results on Friday, October 26th. The auto parts company reported $1.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.58 by ($0.23). Autoliv had a return on equity of 20.06% and a net margin of 3.52%. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the previous year, the company earned $1.64 EPS. Autoliv’s quarterly revenue was up 4.1% on a year-over-year basis. On average, research analysts anticipate that Autoliv Inc. will post 7.13 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Friday, February 22nd will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, February 21st. Autoliv’s payout ratio is 37.69%.
A number of equities research analysts have issued reports on the company. Mizuho reissued an “in-line” rating and set a $97.00 price target on shares of Autoliv in a research report on Monday, October 29th. Robert W. Baird downgraded Autoliv from an “outperform” rating to a “neutral” rating in a research report on Monday, October 1st. Zacks Investment Research downgraded Autoliv from a “hold” rating to a “sell” rating in a research report on Monday, September 10th. Evercore ISI downgraded Autoliv to a “hold” rating and set a $90.00 price target for the company. in a research report on Friday, October 12th. Finally, Jefferies Financial Group set a $100.00 price target on Autoliv and gave the company a “buy” rating in a research report on Friday, October 5th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $108.00.
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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