M&T Bank Corp increased its holdings in shares of Autoliv Inc. (NYSE:ALV) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,221 shares of the auto parts company’s stock after acquiring an additional 562 shares during the quarter. M&T Bank Corp’s holdings in Autoliv were worth $791,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. FMR LLC lifted its holdings in Autoliv by 13.5% during the 1st quarter. FMR LLC now owns 2,237,425 shares of the auto parts company’s stock valued at $164,518,000 after purchasing an additional 266,418 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Autoliv by 13.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,129,802 shares of the auto parts company’s stock valued at $79,351,000 after purchasing an additional 138,176 shares during the period. FIL Ltd lifted its stake in shares of Autoliv by 495.5% during the 1st quarter. FIL Ltd now owns 1,070,843 shares of the auto parts company’s stock worth $78,738,000 after buying an additional 891,035 shares during the last quarter. Lancaster Investment Management LLP lifted its stake in shares of Autoliv by 28.0% during the 1st quarter. Lancaster Investment Management LLP now owns 776,912 shares of the auto parts company’s stock worth $57,126,000 after buying an additional 169,771 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Autoliv by 9.7% during the 4th quarter. Geode Capital Management LLC now owns 718,219 shares of the auto parts company’s stock worth $50,400,000 after buying an additional 63,644 shares during the period. 37.80% of the stock is currently owned by institutional investors and hedge funds.
ALV has been the topic of a number of research reports. Buckingham Research decreased their price target on shares of Autoliv from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. Nordea Equity Research upgraded Autoliv from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Barclays set a $50.00 price objective on Autoliv and gave the stock a “sell” rating in a report on Friday, July 19th. Robert W. Baird raised Autoliv from an “underperform” rating to a “neutral” rating and set a $74.00 target price on the stock in a research report on Monday, July 15th. Finally, ValuEngine upgraded Autoliv from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $79.82.
Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, July 19th. The auto parts company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.01. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Autoliv had a return on equity of 23.49% and a net margin of 2.89%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.22 EPS. As a group, equities research analysts anticipate that Autoliv Inc. will post 5.94 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Wednesday, November 20th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Tuesday, November 19th. Autoliv’s dividend payout ratio (DPR) is presently 36.31%.
Autoliv Company Profile
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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