Zurich Insurance Group Ltd FI maintained its position in shares of Autoliv, Inc. (NYSE:ALV) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,100 shares of the auto parts company’s stock at the close of the 2nd quarter. Zurich Insurance Group Ltd FI’s holdings in Autoliv were worth $780,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of ALV. Prudential Financial Inc. raised its holdings in shares of Autoliv by 1.1% during the second quarter. Prudential Financial Inc. now owns 5,072 shares of the auto parts company’s stock worth $557,000 after purchasing an additional 53 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Autoliv by 3.2% during the first quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock worth $184,000 after purchasing an additional 55 shares during the last quarter. Granahan Investment Management Inc. MA raised its holdings in shares of Autoliv by 2.5% during the first quarter. Granahan Investment Management Inc. MA now owns 2,839 shares of the auto parts company’s stock worth $290,000 after purchasing an additional 70 shares during the last quarter. Comerica Bank raised its holdings in shares of Autoliv by 1.5% during the first quarter. Comerica Bank now owns 5,228 shares of the auto parts company’s stock worth $558,000 after purchasing an additional 78 shares during the last quarter. Finally, Bridgewater Associates LP raised its holdings in shares of Autoliv by 1.5% during the second quarter. Bridgewater Associates LP now owns 6,140 shares of the auto parts company’s stock worth $674,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 32.76% of the company’s stock.
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 directly owns 2,311 shares in the company, valued at approximately $250,859.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.
Shares of Autoliv, Inc. (NYSE ALV) opened at 127.37 on Wednesday. Autoliv, Inc. has a 1-year low of $93.31 and a 1-year high of $127.75. The stock’s 50 day moving average is $117.28 and its 200-day moving average is $109.53. The stock has a market cap of $11.07 billion, a PE ratio of 20.12 and a beta of 1.14.
Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.04). The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.75 EPS. On average, analysts predict that Autoliv, Inc. will post $6.23 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be issued a $0.60 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.88%. Autoliv’s dividend payout ratio is presently 37.97%.
ALV has been the subject of several recent research reports. BidaskClub cut shares of Autoliv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Jefferies Group LLC reissued a “buy” rating and set a $119.00 target price on shares of Autoliv in a report on Friday, June 16th. Mizuho raised shares of Autoliv from a “neutral” rating to a “buy” rating and raised their target price for the stock from $108.00 to $130.00 in a report on Monday, July 17th. ValuEngine raised shares of Autoliv from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $98.00 target price on shares of Autoliv in a report on Thursday, July 6th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $111.65.
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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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