Sciencast Management LP grew its holdings in shares of Autoliv Inc. (NYSE:ALV) by 25.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,290 shares of the auto parts company’s stock after purchasing an additional 864 shares during the quarter. Sciencast Management LP’s holdings in Autoliv were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in Autoliv by 2.2% in the third quarter. Wells Fargo & Company MN now owns 35,514 shares of the auto parts company’s stock worth $3,079,000 after purchasing an additional 749 shares in the last quarter. BlackRock Inc. raised its holdings in Autoliv by 1.2% in the third quarter. BlackRock Inc. now owns 2,994,023 shares of the auto parts company’s stock worth $259,522,000 after purchasing an additional 35,432 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Autoliv by 63.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,344 shares of the auto parts company’s stock worth $550,000 after purchasing an additional 2,472 shares in the last quarter. Allianz Asset Management GmbH bought a new position in shares of Autoliv during the third quarter valued at $740,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Autoliv by 140.7% during the third quarter. JPMorgan Chase & Co. now owns 332,746 shares of the auto parts company’s stock valued at $28,842,000 after acquiring an additional 194,499 shares in the last quarter. Institutional investors and hedge funds own 34.25% of the company’s stock.
Several brokerages have recently weighed in on ALV. Mizuho restated a “hold” rating and set a $80.00 price target on shares of Autoliv in a report on Tuesday, January 29th. Citigroup reduced their price target on Autoliv from $86.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, March 8th. BMO Capital Markets restated a “hold” rating and set a $79.00 price target on shares of Autoliv in a report on Wednesday, January 30th. Nordea Equity Research downgraded Autoliv from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Finally, Zacks Investment Research upgraded Autoliv from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Nine research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $89.96.
Autoliv (NYSE:ALV) last announced its earnings results on Friday, April 26th. The auto parts company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.37). The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Autoliv had a return on equity of 27.29% and a net margin of 2.03%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.66 earnings per share. On average, equities analysts predict that Autoliv Inc. will post 6.76 earnings per share for the current fiscal year.
The company also recently announced 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 of this dividend is Tuesday, August 20th. This represents a $2.48 annualized dividend and a yield of 3.32%. Autoliv’s payout ratio is 36.31%.
In other Autoliv news, insider Svante Mogefors sold 1,524 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $80.69, for a total value of $122,971.56. Following the transaction, the insider now directly owns 643 shares of the company’s stock, valued at $51,883.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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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