Advisors Asset Management Inc. cut its stake in Autoliv Inc. (NYSE:ALV) by 17.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,699 shares of the company’s stock after selling 1,368 shares during the period. Advisors Asset Management Inc.’s holdings in Autoliv were worth $715,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Fiera Capital Corp purchased a new stake in shares of Autoliv during the second quarter valued at $44,173,000. PGGM Investments purchased a new stake in shares of Autoliv during the second quarter valued at $28,315,000. Ameriprise Financial Inc. boosted its stake in shares of Autoliv by 34.7% in the second quarter. Ameriprise Financial Inc. now owns 802,236 shares of the company’s stock valued at $86,217,000 after buying an additional 206,460 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of Autoliv by 28.5% in the second quarter. Pictet Asset Management Ltd. now owns 415,300 shares of the company’s stock valued at $50,920,000 after buying an additional 92,100 shares during the last quarter. Finally, Clinton Group Inc. purchased a new stake in shares of Autoliv during the second quarter valued at $8,018,000. 32.35% of the stock is currently owned by institutional investors.
Autoliv Inc. (NYSE:ALV) traded up 1.66% on Friday, hitting $102.32. The stock had a trading volume of 189,501 shares. Autoliv Inc. has a 52-week low of $93.31 and a 52-week high of $129.37. The company has a 50 day moving average price of $98.99 and a 200-day moving average price of $108.43. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 14.96 and a beta of 1.24.
Autoliv (NYSE:ALV) last released its quarterly earnings results on Thursday, October 27th. The company reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.26. The firm earned $2.46 billion during the quarter, compared to analyst estimates of $2.45 billion. Autoliv had a return on equity of 16.41% and a net margin of 6.06%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.53 EPS. On average, equities research analysts predict that Autoliv Inc. will post $6.77 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 2nd. Stockholders of record on Wednesday, February 15th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Monday, February 13th. Autoliv’s payout ratio is 33.87%.
A number of equities research analysts have recently commented on the company. Handelsbanken cut Autoliv from a “buy” rating to an “accumulate” rating in a research note on Monday, October 10th. Robert W. Baird cut Autoliv from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $129.00 to $104.00 in a research note on Friday, October 28th. Zacks Investment Research raised Autoliv from a “sell” rating to a “hold” rating in a research note on Monday, October 3rd. Finally, Goldman Sachs Group Inc. raised Autoliv from a “sell” rating to a “neutral” rating and cut their target price for the stock from $101.00 to $95.00 in a research note on Wednesday. Seven analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. Autoliv presently has a consensus rating of “Hold” and an average target price of $94.84.
Autoliv, Inc is a developer, manufacturer and supplier to the automotive industry of automotive safety systems. The Company operates through two segments: Passive Safety and Electronics. Passive Safety segment includes airbags, seatbelts and steering wheels. Electronics segment includes active safety products, such as camera-based vision systems, night driving assist, automotive radars, brake controls and other active safety systems, and passive safety electronic products, such as restraint electronics and crash sensors.