Parametrica Management Ltd grew its holdings in shares of Autoliv Inc. (NYSE:ALV) by 5.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,624 shares of the auto parts company’s stock after buying an additional 259 shares during the period. Parametrica Management Ltd’s holdings in Autoliv were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Autoliv during the fourth quarter worth approximately $47,801,000. Lancaster Investment Management LLP bought a new stake in Autoliv during the fourth quarter worth approximately $42,640,000. JPMorgan Chase & Co. raised its holdings in Autoliv by 140.7% during the third quarter. JPMorgan Chase & Co. now owns 332,746 shares of the auto parts company’s stock worth $28,842,000 after purchasing an additional 194,499 shares in the last quarter. FMR LLC raised its holdings in Autoliv by 9.8% during the fourth quarter. FMR LLC now owns 1,971,007 shares of the auto parts company’s stock worth $138,423,000 after purchasing an additional 176,137 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Autoliv by 11.3% during the third quarter. Vanguard Group Inc. now owns 1,616,434 shares of the auto parts company’s stock worth $140,114,000 after purchasing an additional 164,737 shares in the last quarter. 34.20% of the stock is currently owned by institutional investors.
Autoliv stock opened at $69.89 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.87 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 1.36 and a beta of 1.35. Autoliv Inc. has a 1 year low of $67.26 and a 1 year high of $115.37.
Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, April 26th. The auto parts company reported $1.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.57 by ($0.37). The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.19 billion. Autoliv had a return on equity of 27.29% and a net margin of 2.03%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.66 EPS. Sell-side analysts predict that Autoliv Inc. will post 6.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st will be given a $0.62 dividend. The ex-dividend date is Tuesday, August 20th. This represents a $2.48 annualized dividend and a yield of 3.55%. Autoliv’s dividend payout ratio (DPR) is 36.31%.
Several equities research analysts recently commented on the company. Nordea Equity Research cut Autoliv from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Barclays reissued a “sell” rating and set a $57.00 target price on shares of Autoliv in a report on Sunday, March 31st. Zacks Investment Research raised Autoliv from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. BMO Capital Markets reissued a “hold” rating and set a $79.00 target price on shares of Autoliv in a report on Wednesday, January 30th. Finally, Mizuho reissued a “hold” rating and set a $80.00 target price on shares of Autoliv in a report on Tuesday, January 29th. Nine investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $89.96.
In other Autoliv news, insider Svante Mogefors sold 1,524 shares of Autoliv stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $80.69, for a total value of $122,971.56. Following the transaction, the insider now owns 643 shares in the company, valued at $51,883.67. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.19% of the company’s stock.
Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry. The company offers passive safety systems, including 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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