United Services Automobile Association lifted its stake in Autoliv Inc. (NYSE:ALV) by 23.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,703 shares of the auto parts company’s stock after buying an additional 6,698 shares during the quarter. United Services Automobile Association’s holdings in Autoliv were worth $3,095,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Engineers Gate Manager LP bought a new position in shares of Autoliv in the second quarter worth about $201,000. GSA Capital Partners LLP bought a new position in shares of Autoliv in the second quarter worth about $204,000. First Republic Investment Management Inc. bought a new position in shares of Autoliv in the second quarter worth about $229,000. Verition Fund Management LLC bought a new position in shares of Autoliv in the second quarter worth about $233,000. Finally, Gideon Capital Advisors Inc. bought a new position in shares of Autoliv in the third quarter worth about $203,000. 31.68% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently commented on ALV. Evercore ISI downgraded Autoliv to a “hold” rating and set a $90.00 price objective on the stock. in a research note on Friday, October 12th. Daiwa Capital Markets set a $89.00 price objective on Autoliv and gave the stock a “buy” rating in a research note on Monday, October 29th. ValuEngine raised Autoliv from a “strong sell” rating to a “sell” rating in a research note on Monday, November 26th. Robert W. Baird downgraded Autoliv from an “outperform” rating to a “neutral” rating in a research note on Monday, October 1st. Finally, Citigroup decreased their price objective on Autoliv from $100.00 to $88.00 and set a “neutral” rating on the stock in a research note on Friday, October 12th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Autoliv currently has an average rating of “Hold” and an average price target of $107.86.
Autoliv (NYSE:ALV) last issued its earnings results on Friday, October 26th. The auto parts company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.23). The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.08 billion. Autoliv had a net margin of 3.52% and a return on equity of 20.06%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $1.64 EPS. On average, equities analysts expect that Autoliv Inc. will post 7.15 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Friday, February 22nd will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Thursday, February 21st. Autoliv’s dividend payout ratio (DPR) is presently 37.69%.
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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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