Autoliv Inc. (ALV) Position Lifted by Schroder Investment Management Group

Schroder Investment Management Group lifted its position in shares of Autoliv Inc. (NYSE:ALV) by 64.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 157,097 shares of the auto parts company’s stock after buying an additional 61,452 shares during the period. Schroder Investment Management Group owned approximately 0.18% of Autoliv worth $22,312,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Legacy Advisors LLC bought a new position in Autoliv in the second quarter worth about $176,000. Engineers Gate Manager LP bought a new position in Autoliv in the second quarter worth about $201,000. GSA Capital Partners LLP bought a new position in Autoliv in the second quarter worth about $204,000. Wsfs Capital Management LLC bought a new position in Autoliv in the first quarter worth about $229,000. Finally, First Republic Investment Management Inc. bought a new position in Autoliv in the second quarter worth about $229,000. Hedge funds and other institutional investors own 40.44% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada cut their price target on Autoliv to $110.00 and set a “sector perform” rating on the stock in a report on Monday, July 2nd. They noted that the move was a valuation call. Mizuho reaffirmed a “buy” rating and set a $160.00 price target on shares of Autoliv in a report on Tuesday, June 26th. BMO Capital Markets lifted their price target on Autoliv from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Monday, June 11th. Guggenheim set a $106.00 price target on Autoliv and gave the company a “hold” rating in a report on Friday, July 13th. Finally, Morgan Stanley assumed coverage on shares of Autoliv in a research note on Tuesday, June 19th. They set an “overweight” rating and a $180.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $121.60.

In related news, Director Jan Carlson sold 42,589 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $89.53, for a total value of $3,812,993.17. Following the completion of the transaction, the director now owns 53,579 shares of the company’s stock, valued at approximately $4,796,927.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.25% of the company’s stock.

Autoliv stock opened at $83.35 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 0.66 and a beta of 1.22. Autoliv Inc. has a 1 year low of $80.85 and a 1 year high of $115.37.

Autoliv (NYSE:ALV) last posted its quarterly earnings results on Friday, July 27th. The auto parts company reported $2.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.34. Autoliv had a net margin of 3.09% and a return on equity of 17.38%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the business posted $1.50 earnings per share. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. Sell-side analysts predict that Autoliv Inc. will post 7.89 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Wednesday, November 21st will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Tuesday, November 20th. Autoliv’s dividend payout ratio is 37.69%.

Autoliv Company Profile

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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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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