Northern Trust Corp lifted its position in shares of Autoliv, Inc. (NYSE:ALV) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 377,197 shares of the auto parts company’s stock after buying an additional 5,561 shares during the period. Northern Trust Corp owned approximately 0.43% of Autoliv worth $41,416,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in ALV. Victory Capital Management Inc. increased its holdings in shares of Autoliv by 43.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock worth $149,000 after buying an additional 414 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of Autoliv by 288.3% during the 2nd quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after buying an additional 1,058 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Autoliv by 3.2% during the 1st quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock worth $184,000 after buying an additional 55 shares during the last quarter. IHT Wealth Management LLC increased its holdings in shares of Autoliv by 34.8% during the 1st quarter. IHT Wealth Management LLC now owns 1,937 shares of the auto parts company’s stock worth $188,000 after buying an additional 500 shares during the last quarter. Finally, Global X Management Co. LLC increased its holdings in shares of Autoliv by 31.6% during the 1st quarter. Global X Management Co. LLC now owns 2,030 shares of the auto parts company’s stock worth $208,000 after buying an additional 488 shares during the last quarter. Institutional investors and hedge funds own 32.76% of the company’s stock.
Autoliv, Inc. (ALV) opened at 127.03 on Thursday. The company has a market cap of $11.04 billion, a PE ratio of 20.07 and a beta of 1.14. Autoliv, Inc. has a 12 month low of $93.31 and a 12 month high of $127.75. The stock’s 50 day moving average is $117.89 and its 200 day moving average is $109.65.
Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 21st. The auto parts company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.04). The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.57 billion. Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.75 EPS. Equities analysts predict that Autoliv, Inc. will post $6.23 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be issued a $0.60 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $2.40 annualized dividend and a yield of 1.89%. Autoliv’s dividend payout ratio (DPR) is presently 37.97%.
ALV has been the subject of several recent research reports. Wells Fargo & Company reiterated an “outperform” rating and issued a $110.50 price target on shares of Autoliv in a report on Wednesday, June 28th. BidaskClub upgraded Autoliv from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Royal Bank Of Canada reiterated a “hold” rating and issued a $98.00 price target on shares of Autoliv in a report on Thursday, July 6th. Evercore ISI reiterated an “underperform” rating and issued a $100.00 price target (up from $85.00) on shares of Autoliv in a report on Monday, September 18th. Finally, CLSA initiated coverage on Autoliv in a report on Thursday, June 22nd. They issued a “hold” rating and a $102.00 price target for the company. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $111.65.
In other news, VP Thomas Jonsson sold 1,240 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total transaction of $134,602.00. Following the transaction, the vice president now owns 2,311 shares in the company, valued at approximately $250,859.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.25% of the company’s stock.
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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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