Stevens Capital Management LP acquired a new stake in shares of Autoliv Inc. (NYSE:ALV) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,822 shares of the auto parts company’s stock, valued at approximately $938,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in ALV. Engineers Gate Manager LP acquired a new position in shares of Autoliv during the second quarter valued at about $201,000. Gideon Capital Advisors Inc. acquired a new stake in shares of Autoliv in the 3rd quarter worth about $203,000. GSA Capital Partners LLP acquired a new stake in shares of Autoliv in the 2nd quarter worth about $204,000. Ffcm LLC raised its holdings in shares of Autoliv by 880.2% in the 3rd quarter. Ffcm LLC now owns 2,470 shares of the auto parts company’s stock worth $214,000 after acquiring an additional 2,218 shares during the last quarter. Finally, First Republic Investment Management Inc. acquired a new stake in shares of Autoliv in the 2nd quarter worth about $229,000. Hedge funds and other institutional investors own 31.69% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Autoliv from a “strong sell” rating to a “hold” rating in a report on Wednesday. Sanford C. Bernstein upgraded shares of Autoliv from an “underperform” rating to a “market perform” rating in a report on Monday, November 26th. ValuEngine upgraded shares of Autoliv from a “strong sell” rating to a “sell” rating in a report on Monday, November 26th. Citigroup lowered their target price on shares of Autoliv from $100.00 to $88.00 and set a “neutral” rating on the stock in a report on Friday, October 12th. Finally, Morgan Stanley lowered shares of Autoliv from an “overweight” rating to an “equal weight” rating and set a $100.00 target price on the stock. in a report on Thursday. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $108.00.
Autoliv (NYSE:ALV) last released its earnings results on Friday, October 26th. The auto parts company reported $1.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($0.23). Autoliv had a net margin of 3.52% and a return on equity of 20.06%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the company earned $1.64 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. On average, equities analysts expect that Autoliv Inc. will post 7.13 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Stockholders of record on Friday, February 22nd will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Thursday, February 21st. Autoliv’s dividend payout ratio is currently 37.69%.
Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.
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