SG Americas Securities LLC Invests $437,000 in Autoliv, Inc. (ALV)
SG Americas Securities LLC purchased a new position in Autoliv, Inc. (NYSE:ALV) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,982 shares of the auto parts company’s stock, valued at approximately $437,000.
Other hedge funds have also bought and sold shares of the company. Toronto Dominion Bank raised its stake in shares of Autoliv by 26.9% in the first quarter. Toronto Dominion Bank now owns 971 shares of the auto parts company’s stock worth $100,000 after purchasing an additional 206 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Autoliv by 3.2% in the first quarter. Pacer Advisors Inc. now owns 1,799 shares of the auto parts company’s stock worth $184,000 after purchasing an additional 55 shares during the last quarter. IHT Wealth Management LLC raised its stake in shares of Autoliv by 34.8% in the first quarter. IHT Wealth Management LLC now owns 1,937 shares of the auto parts company’s stock worth $188,000 after purchasing an additional 500 shares during the last quarter. Global X Management Co. LLC raised its stake in shares of Autoliv by 31.6% in the first quarter. Global X Management Co. LLC now owns 2,030 shares of the auto parts company’s stock worth $208,000 after purchasing an additional 488 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Autoliv in the first quarter worth $214,000. Hedge funds and other institutional investors own 34.76% of the company’s stock.
Shares of Autoliv, Inc. (ALV) opened at 113.24 on Wednesday. Autoliv, Inc. has a 12-month low of $93.31 and a 12-month high of $117.54. The company has a market cap of $9.84 billion, a price-to-earnings ratio of 17.89 and a beta of 1.12. The firm’s 50-day moving average price is $107.96 and its 200 day moving average price is $106.46.
Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.04). The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Autoliv had a net margin of 5.44% and a return on equity of 13.96%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.75 EPS. On average, analysts predict that Autoliv, Inc. will post $6.22 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.60 per share. The ex-dividend date is Tuesday, November 21st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.12%. Autoliv’s payout ratio is currently 37.97%.
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Several research analysts have recently weighed in on the company. Royal Bank Of Canada restated a “hold” rating and issued a $100.00 price target on shares of Autoliv in a research note on Tuesday, August 29th. Mizuho upgraded Autoliv from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $108.00 to $130.00 in a research note on Monday, July 17th. Morgan Stanley upgraded Autoliv from an “equal weight” rating to an “overweight” rating and set a $120.00 price target for the company in a research note on Wednesday, May 24th. BidaskClub upgraded Autoliv from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Finally, Zacks Investment Research upgraded Autoliv from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 23rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Autoliv presently has an average rating of “Hold” and an average target price of $105.44.
In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of Autoliv stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total transaction of $134,602.00. Following the completion of the transaction, the vice president now owns 2,311 shares in the company, valued at approximately $250,859.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.25% of the company’s stock.
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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