Franklin Resources Inc. Acquires 170 Shares of Autoliv, Inc. (ALV)
Franklin Resources Inc. lifted its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,990 shares of the auto parts company’s stock after buying an additional 170 shares during the period. Franklin Resources Inc.’s holdings in Autoliv were worth $438,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of ALV. BlackRock Inc. grew its holdings in shares of Autoliv by 2,592.0% in the 1st quarter. BlackRock Inc. now owns 2,714,469 shares of the auto parts company’s stock valued at $277,583,000 after acquiring an additional 2,613,635 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Autoliv by 915.3% during the second quarter. Principal Financial Group Inc. now owns 2,230,670 shares of the auto parts company’s stock worth $244,927,000 after acquiring an additional 2,010,970 shares in the last quarter. Vanguard Group Inc. raised its holdings in Autoliv by 4.0% during the first quarter. Vanguard Group Inc. now owns 1,376,135 shares of the auto parts company’s stock worth $140,724,000 after acquiring an additional 52,894 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Autoliv by 68.9% during the first quarter. Dimensional Fund Advisors LP now owns 727,392 shares of the auto parts company’s stock worth $74,375,000 after acquiring an additional 296,818 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Autoliv by 3.9% during the first quarter. Geode Capital Management LLC now owns 526,881 shares of the auto parts company’s stock worth $53,854,000 after acquiring an additional 19,734 shares in the last quarter. Institutional investors own 32.76% of the company’s stock.
Autoliv, Inc. (ALV) opened at 123.99 on Wednesday. The company has a market cap of $10.78 billion, a price-to-earnings ratio of 19.59 and a beta of 1.14. Autoliv, Inc. has a 1-year low of $93.31 and a 1-year high of $127.72. The firm’s 50-day moving average price is $114.45 and its 200-day moving average price is $108.63.
Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, July 21st. The auto parts company reported $1.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.04). Autoliv had a return on equity of 13.96% and a net margin of 5.44%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the business posted $1.75 earnings per share. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. Equities research analysts forecast that Autoliv, Inc. will post $6.23 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd will be issued 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 yield of 1.94%. Autoliv’s payout ratio is 37.97%.
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In other Autoliv news, VP Thomas Jonsson sold 1,240 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $108.55, for a total transaction of $134,602.00. Following the sale, the vice president now owns 2,311 shares in the company, valued at $250,859.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.25% of the company’s stock.
A number of research analysts have weighed in on ALV shares. Deutsche Bank AG restated a “hold” rating and issued a $120.00 price target (up from $101.00) on shares of Autoliv in a research note on Thursday, September 14th. ValuEngine upgraded Autoliv from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Citigroup Inc. upped their price objective on Autoliv from $105.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, September 15th. Mizuho upped their price objective on Autoliv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, September 15th. Finally, Wells Fargo & Company increased their price objective on Autoliv to $140.00 and gave the company an “outperform” rating in a report on Friday, September 15th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $112.29.
Autoliv Company Profile
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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