Prudential Financial Inc. maintained its stake in shares of Autoliv, Inc. (NYSE:ALV) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,019 shares of the auto parts company’s stock at the end of the first quarter. Prudential Financial Inc.’s holdings in Autoliv were worth $513,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in ALV. Creative Planning boosted its stake in shares of Autoliv by 0.3% in the first quarter. Creative Planning now owns 1,220 shares of the auto parts company’s stock valued at $125,000 after buying an additional 4 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Autoliv by 3.2% in the first quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock valued at $184,000 after buying an additional 55 shares during the last quarter. Comerica Bank boosted its stake in shares of Autoliv by 1.5% in the first quarter. Comerica Bank now owns 5,228 shares of the auto parts company’s stock valued at $558,000 after buying an additional 78 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Autoliv by 0.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,114 shares of the auto parts company’s stock valued at $1,341,000 after buying an additional 84 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in shares of Autoliv by 1.5% in the first quarter. World Asset Management Inc now owns 7,574 shares of the auto parts company’s stock valued at $775,000 after buying an additional 115 shares during the last quarter. Institutional investors own 32.17% of the company’s stock.
Autoliv, Inc. (NYSE ALV) opened at 106.78 on Monday. The firm has a 50-day moving average price of $112.68 and a 200 day moving average price of $107.14. Autoliv, Inc. has a 1-year low of $93.31 and a 1-year high of $117.54. The firm has a market cap of $9.28 billion, a price-to-earnings ratio of 16.87 and a beta of 1.14.
Autoliv (NYSE:ALV) last released its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by $0.04. Autoliv had a net margin of 5.44% and a return on equity of 14.04%. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the firm posted $1.75 EPS. The company’s quarterly revenue was down 1.3% on a year-over-year basis. Equities analysts predict that Autoliv, Inc. will post $6.33 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 23rd will be given a $0.60 dividend. The ex-dividend date is Monday, August 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.25%. Autoliv’s dividend payout ratio (DPR) is presently 37.97%.
Several brokerages have recently commented on ALV. Jefferies Group LLC set a $108.00 target price on Autoliv and gave the stock a “hold” rating in a report on Sunday, April 30th. Barclays PLC decreased their price target on Autoliv from $88.00 to $86.00 and set an “underweight” rating on the stock in a report on Monday, May 1st. Morgan Stanley upgraded Autoliv from an “equal weight” rating to an “overweight” rating and set a $120.00 price target on the stock in a report on Wednesday, May 24th. 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. Finally, CLSA started coverage on Autoliv in a report on Thursday, June 22nd. They issued a “hold” rating and a $102.00 price target on the stock. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $106.92.
In other Autoliv news, VP Svante Mogefors sold 6,738 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $102.46, for a total value of $690,375.48. Following the sale, the vice president now owns 17,269 shares in the company, valued at approximately $1,769,381.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Alspaugh sold 1,156 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $109.87, for a total value of $127,009.72. Following the completion of the sale, the director now owns 3,800 shares in the company, valued at approximately $417,506. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.
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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