FNY Partners Fund LP Trims Holdings in Autoliv, Inc. (ALV)
FNY Partners Fund LP trimmed its position in shares of Autoliv, Inc. (NYSE:ALV) by 55.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,055 shares of the auto parts company’s stock after selling 9,945 shares during the period. FNY Partners Fund LP’s holdings in Autoliv were worth $884,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Strs Ohio boosted its holdings in shares of Autoliv by 6.4% in the first quarter. Strs Ohio now owns 10,668 shares of the auto parts company’s stock worth $1,090,000 after acquiring an additional 637 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Autoliv by 10.3% in the first quarter. Russell Investments Group Ltd. now owns 10,754 shares of the auto parts company’s stock worth $1,100,000 after acquiring an additional 1,007 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Autoliv by 356.7% in the first quarter. Canada Pension Plan Investment Board now owns 23,398 shares of the auto parts company’s stock worth $2,393,000 after acquiring an additional 18,275 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of Autoliv by 1.9% in the first quarter. Great West Life Assurance Co. Can now owns 53,382 shares of the auto parts company’s stock worth $5,450,000 after acquiring an additional 980 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Autoliv by 4.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 9,627 shares of the auto parts company’s stock worth $984,000 after acquiring an additional 400 shares during the period. 34.76% of the stock is owned by institutional investors and hedge funds.
ALV has been the subject of a number of analyst reports. BidaskClub lowered Autoliv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Bank of America Corporation cut their price target on Autoliv from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Tuesday, July 25th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $98.00 price target on shares of Autoliv in a report on Thursday, July 6th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $119.00 price target on shares of Autoliv in a report on Friday, June 16th. Finally, CLSA started coverage on Autoliv in a research report on Thursday, June 22nd. They issued a “hold” rating and a $102.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. Autoliv presently has an average rating of “Hold” and an average price target of $105.44.
Autoliv, Inc. (NYSE:ALV) traded up 0.46% on Monday, hitting $110.52. The stock had a trading volume of 111,995 shares. The firm has a market cap of $9.61 billion, a price-to-earnings ratio of 17.46 and a beta of 1.12. The company’s 50 day moving average price is $107.90 and its 200 day moving average price is $106.42. Autoliv, Inc. has a 52-week low of $93.31 and a 52-week high of $117.54.
Autoliv (NYSE:ALV) last announced its earnings results on Friday, July 21st. The auto parts company reported $1.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by $0.04. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the business earned $1.75 EPS. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. Analysts expect that Autoliv, Inc. will post $6.22 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be given a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $2.40 annualized dividend and a dividend yield of 2.18%. Autoliv’s dividend payout ratio (DPR) is 37.97%.
In other news, VP Thomas Jonsson sold 1,240 shares of Autoliv stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $108.55, for a total value of $134,602.00. Following the sale, the vice president now owns 2,311 shares in the company, valued at $250,859.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.25% of the stock is owned by company insiders.
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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