Amundi Pioneer Asset Management Inc. raised its holdings in shares of Autoliv Inc. (NYSE:ALV) by 34.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,092 shares of the auto parts company’s stock after acquiring an additional 11,188 shares during the period. Amundi Pioneer Asset Management Inc. owned about 0.05% of Autoliv worth $6,435,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of ALV. SG Americas Securities LLC bought a new position in Autoliv during the fourth quarter valued at approximately $152,000. Rhumbline Advisers grew its position in Autoliv by 15.6% during the fourth quarter. Rhumbline Advisers now owns 21,282 shares of the auto parts company’s stock valued at $2,705,000 after acquiring an additional 2,870 shares during the last quarter. BlackRock Inc. grew its position in Autoliv by 2.0% during the fourth quarter. BlackRock Inc. now owns 2,672,695 shares of the auto parts company’s stock valued at $339,646,000 after acquiring an additional 52,160 shares during the last quarter. WINTON GROUP Ltd grew its position in Autoliv by 202.6% during the fourth quarter. WINTON GROUP Ltd now owns 51,402 shares of the auto parts company’s stock valued at $6,532,000 after acquiring an additional 34,416 shares during the last quarter. Finally, Lombard Odier Asset Management Switzerland SA bought a new position in Autoliv during the fourth quarter valued at approximately $925,000. Institutional investors and hedge funds own 39.64% of the company’s stock.
A number of brokerages have commented on ALV. Morgan Stanley reiterated an “overweight” rating and set a $180.00 price target on shares of Autoliv in a research report on Wednesday. Mizuho reiterated a “buy” rating and set a $160.00 price target on shares of Autoliv in a research report on Tuesday. Wells Fargo & Co reiterated a “buy” rating and set a $176.00 price target on shares of Autoliv in a research report on Sunday, June 24th. BMO Capital Markets increased their price target on shares of Autoliv from $175.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, June 11th. Finally, Longbow Research set a $168.00 price target on shares of Autoliv and gave the company a “buy” rating in a research report on Friday, June 1st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. Autoliv has an average rating of “Hold” and a consensus price target of $142.20.
Shares of ALV stock opened at $142.03 on Friday. Autoliv Inc. has a 52 week low of $104.56 and a 52 week high of $160.23. The firm has a market capitalization of $12.76 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30. The company has a quick ratio of 1.24, a current ratio of 1.55 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 analysts’ consensus estimates of $1.81 by ($0.15). Autoliv had a return on equity of 13.63% and a net margin of 3.87%. The business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the business earned $1.65 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. sell-side analysts anticipate that Autoliv Inc. will post 7.19 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Wednesday, August 22nd will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Tuesday, August 21st. Autoliv’s payout ratio is 37.69%.
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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