Autoliv Inc. (ALV) Position Lifted by FNY Investment Advisers LLC
FNY Investment Advisers LLC increased its position in Autoliv Inc. (NYSE:ALV) by 101.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,600 shares of the auto parts company’s stock after buying an additional 6,350 shares during the period. FNY Investment Advisers LLC’s holdings in Autoliv were worth $1,092,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of ALV. JPMorgan Chase & Co. boosted its holdings in shares of Autoliv by 140.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 332,746 shares of the auto parts company’s stock valued at $28,842,000 after purchasing an additional 194,499 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Autoliv by 6.7% during the 2nd quarter. BlackRock Inc. now owns 2,958,591 shares of the auto parts company’s stock valued at $423,729,000 after purchasing an additional 186,407 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Autoliv by 71.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 189,756 shares of the auto parts company’s stock valued at $16,448,000 after purchasing an additional 79,283 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Autoliv during the 3rd quarter valued at about $5,396,000. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Autoliv by 257.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 86,389 shares of the auto parts company’s stock valued at $12,373,000 after purchasing an additional 62,247 shares during the last quarter. 40.32% of the stock is owned by institutional investors.
Shares of NYSE ALV opened at $84.24 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.96 and a current ratio of 1.25. The stock has a market cap of $7.05 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 0.67 and a beta of 1.17. Autoliv Inc. has a 12-month low of $75.99 and a 12-month high of $115.37.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Friday, February 22nd will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Thursday, February 21st. Autoliv’s dividend payout ratio (DPR) is currently 37.69%.
In related news, Director Jan Carlson sold 42,589 shares of the stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $89.53, for a total value of $3,812,993.17. Following the sale, the director now directly owns 53,579 shares of the company’s stock, valued at approximately $4,796,927.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.25% of the company’s stock.
Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Autoliv from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Barclays dropped their price objective on shares of Autoliv from $72.00 to $70.00 and set a “sell” rating for the company in a report on Tuesday, October 30th. Citigroup dropped their price objective on shares of Autoliv from $104.00 to $100.00 and set a “neutral” rating for the company in a report on Thursday, August 9th. Royal Bank of Canada reissued a “hold” rating and set a $107.00 price objective on shares of Autoliv in a report on Friday, July 27th. Finally, Robert W. Baird dropped their price objective on shares of Autoliv from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, July 30th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. Autoliv has an average rating of “Hold” and an average target price of $112.00.
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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