Meyer Handelman Co. maintained its stake in shares of Autoliv, Inc. (NYSE:ALV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,536 shares of the auto parts company’s stock at the end of the second quarter. Meyer Handelman Co.’s holdings in Autoliv were worth $827,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Toronto Dominion Bank boosted its stake in shares of Autoliv by 26.9% in the first quarter. Toronto Dominion Bank now owns 971 shares of the auto parts company’s stock valued at $100,000 after buying an additional 206 shares during the last quarter. 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. IHT Wealth Management LLC boosted its stake in shares of Autoliv by 34.8% in the first quarter. IHT Wealth Management LLC now owns 1,937 shares of the auto parts company’s stock valued at $188,000 after buying an additional 500 shares during the last quarter. Finally, Global X Management Co. LLC boosted its stake in shares of Autoliv by 31.6% in the first quarter. Global X Management Co. LLC now owns 2,030 shares of the auto parts company’s stock valued at $208,000 after buying an additional 488 shares during the last quarter. Hedge funds and other institutional investors own 32.97% of the company’s stock.
Shares of Autoliv, Inc. (ALV) opened at 108.52 on Thursday. The firm has a 50-day moving average price of $111.07 and a 200-day moving average price of $106.66. The firm has a market cap of $9.43 billion, a price-to-earnings ratio of 17.14 and a beta of 1.13. Autoliv, Inc. has a 52-week low of $93.31 and a 52-week high of $117.54.
Autoliv (NYSE:ALV) last released its earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by $0.04. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the business posted $1.75 EPS. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. Analysts predict that Autoliv, Inc. will post $6.22 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 23rd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Monday, August 21st. Autoliv’s payout ratio is presently 37.97%.
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Several analysts have issued reports on the company. Jefferies Group LLC set a $108.00 target price on Autoliv and gave the company a “hold” rating in a report on Sunday, April 30th. BMO Capital Markets restated an “outperform” rating and issued a $121.00 target price on shares of Autoliv in a report on Wednesday, July 26th. Piper Jaffray Companies restated a “hold” rating and issued a $99.00 target price on shares of Autoliv in a report on Wednesday, July 26th. Bank of America Corporation dropped their target price on Autoliv from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada decreased their price target on Autoliv from $100.00 to $98.00 and set a “sector perform” rating on the stock in a research note on Monday, July 24th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Autoliv currently has a consensus rating of “Hold” and an average target price of $105.32.
In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total transaction of $134,602.00. Following the completion of the transaction, the vice president now owns 2,311 shares in the company, valued at $250,859.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Alspaugh sold 1,156 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $109.87, for a total transaction of $127,009.72. Following the transaction, the director now owns 3,800 shares of the company’s stock, valued at approximately $417,506. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.
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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