JPMorgan Chase & Co. boosted its stake in shares of Autoliv Inc. (NYSE:ALV) by 106.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,956 shares of the auto parts company’s stock after buying an additional 2,036 shares during the quarter. JPMorgan Chase & Co.’s holdings in Autoliv were worth $488,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of ALV. Toronto Dominion Bank boosted its position in Autoliv by 11.7% during the second quarter. Toronto Dominion Bank now owns 1,085 shares of the auto parts company’s stock worth $119,000 after purchasing an additional 114 shares during the period. Victory Capital Management Inc. boosted its position in Autoliv by 43.9% during the second quarter. Victory Capital Management Inc. now owns 1,356 shares of the auto parts company’s stock worth $149,000 after purchasing an additional 414 shares during the period. Teachers Advisors LLC boosted its position in Autoliv by 288.3% during the second quarter. Teachers Advisors LLC now owns 1,425 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 1,058 shares during the period. ARP Americas LLC bought a new position in Autoliv during the third quarter worth about $235,000. Finally, Colony Group LLC bought a new position in Autoliv during the second quarter worth about $247,000. Institutional investors own 33.43% of the company’s stock.
In related news, insider Johan Lofvenholm sold 3,965 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $128.00, for a total value of $507,520.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.25% of the company’s stock.
Shares of Autoliv Inc. (ALV) opened at $135.90 on Wednesday. The firm has a market cap of $11,850.84, a P/E ratio of 23.43, a P/E/G ratio of 2.35 and a beta of 1.11. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.55 and a quick ratio of 1.23. Autoliv Inc. has a one year low of $96.08 and a one year high of $137.15.
Autoliv (NYSE:ALV) last announced its earnings results on Thursday, October 26th. The auto parts company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.14. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.50 billion. Autoliv had a net margin of 4.96% and a return on equity of 13.42%. Autoliv’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.63 earnings per share. equities analysts anticipate that Autoliv Inc. will post 6.27 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Wednesday, February 21st. Autoliv’s dividend payout ratio is currently 41.38%.
A number of brokerages have weighed in on ALV. Guggenheim reiterated a “hold” rating and set a $135.00 target price on shares of Autoliv in a research report on Wednesday, January 10th. Piper Jaffray Companies set a $99.00 target price on shares of Autoliv and gave the stock a “hold” rating in a research report on Monday, October 16th. Cowen initiated coverage on shares of Autoliv in a report on Monday, September 25th. They issued a “market perform” rating and a $120.00 price target on the stock. Robert W. Baird reissued a “hold” rating and issued a $137.00 price target on shares of Autoliv in a report on Tuesday, January 9th. Finally, Longbow Research initiated coverage on shares of Autoliv in a report on Friday, January 5th. They issued a “buy” rating and a $155.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $115.20.
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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