Murphy Pohlad Asset Management LLC Has $2,124,000 Stake in Autoliv Inc. (ALV)
Murphy Pohlad Asset Management LLC raised its position in Autoliv Inc. (NYSE:ALV) by 17.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,895 shares of the company’s stock after buying an additional 3,000 shares during the period. Autoliv comprises about 1.6% of Murphy Pohlad Asset Management LLC’s holdings, making the stock its 26th largest position. Murphy Pohlad Asset Management LLC’s holdings in Autoliv were worth $2,124,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Global X Management Co. LLC raised its stake in shares of Autoliv by 75.9% in the second quarter. Global X Management Co. LLC now owns 1,258 shares of the company’s stock valued at $135,000 after buying an additional 543 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Autoliv by 157.7% in the second quarter. Victory Capital Management Inc. now owns 1,296 shares of the company’s stock valued at $139,000 after buying an additional 793 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Autoliv during the second quarter valued at $152,000. Invictus RG purchased a new stake in shares of Autoliv during the second quarter valued at $159,000. Finally, Pacer Advisors Inc. raised its stake in shares of Autoliv by 10.3% in the second quarter. Pacer Advisors Inc. now owns 1,630 shares of the company’s stock valued at $175,000 after buying an additional 152 shares in the last quarter. 31.89% of the stock is currently owned by institutional investors and hedge funds.
Autoliv Inc. (NYSE:ALV) traded up 0.59% during trading on Monday, hitting $102.92. The stock had a trading volume of 615,443 shares. The company has a market cap of $9.08 billion, a PE ratio of 15.05 and a beta of 1.24. The stock has a 50-day moving average price of $98.93 and a 200-day moving average price of $108.05. Autoliv Inc. has a 52 week low of $93.31 and a 52 week high of $129.37.
Autoliv (NYSE:ALV) last issued its quarterly earnings data on Thursday, October 27th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.26. The firm earned $2.46 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Autoliv had a net margin of 6.06% and a return on equity of 16.41%. Autoliv’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.53 earnings per share. Equities analysts predict that Autoliv Inc. will post $6.77 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 2nd. Shareholders of record on Wednesday, February 15th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Monday, February 13th. Autoliv’s dividend payout ratio (DPR) is 33.87%.
Several brokerages recently weighed in on ALV. Robert W. Baird lowered Autoliv from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $129.00 to $104.00 in a report on Friday, October 28th. Goldman Sachs Group Inc. raised Autoliv from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $101.00 to $95.00 in a report on Wednesday, November 23rd. Zacks Investment Research lowered Autoliv from a “buy” rating to a “hold” rating in a report on Friday, October 21st. Finally, Handelsbanken lowered Autoliv from a “buy” rating to an “accumulate” rating in a report on Monday, October 10th. Seven analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $94.84.
Autoliv Company Profile
Autoliv, Inc is a developer, manufacturer and supplier to the automotive industry of automotive safety systems. The Company operates through two segments: Passive Safety and Electronics. Passive Safety segment includes airbags, seatbelts and steering wheels. Electronics segment includes active safety products, such as camera-based vision systems, night driving assist, automotive radars, brake controls and other active safety systems, and passive safety electronic products, such as restraint electronics and crash sensors.
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