Great West Life Assurance Co. Can Raises Holdings in Autoliv Inc. (ALV)
Great West Life Assurance Co. Can boosted its holdings in Autoliv Inc. (NYSE:ALV) by 10.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,887 shares of the auto parts company’s stock after buying an additional 5,370 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.07% of Autoliv worth $8,150,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of ALV. Legacy Advisors LLC acquired a new stake in Autoliv in the second quarter valued at about $176,000. Engineers Gate Manager LP acquired a new stake in shares of Autoliv during the 2nd quarter valued at approximately $201,000. GSA Capital Partners LLP acquired a new stake in shares of Autoliv during the 2nd quarter valued at approximately $204,000. Wsfs Capital Management LLC acquired a new stake in shares of Autoliv during the 1st quarter valued at approximately $229,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Autoliv during the 1st quarter worth approximately $282,000. 40.40% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on the company. Evercore ISI upgraded Autoliv from an “underperform” rating to an “in-line” rating in a research report on Monday, July 2nd. Wells Fargo & Co lowered their target price on shares of Autoliv from $115.00 to $113.00 and set a “market perform” rating for the company in a research note on Monday, July 30th. Longbow Research reaffirmed a “buy” rating and issued a $120.00 target price on shares of Autoliv in a research note on Friday, August 24th. Zacks Investment Research raised shares of Autoliv from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Tuesday, August 28th. Finally, BNP Paribas raised shares of Autoliv from an “underperform” rating to an “outperform” rating in a research note on Wednesday, July 11th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $123.35.
Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, July 27th. The auto parts company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.34. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Autoliv had a net margin of 3.09% and a return on equity of 17.38%. The business’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the firm posted $1.50 earnings per share. equities research analysts expect that Autoliv Inc. will post 7.96 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Wednesday, November 21st will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Tuesday, November 20th. Autoliv’s dividend payout ratio is presently 37.69%.
In related news, Director Jan Carlson sold 42,589 shares of the stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $89.53, for a total transaction of $3,812,993.17. Following the completion of the sale, the director now directly owns 53,579 shares of the company’s stock, valued at $4,796,927.87. The transaction 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 corporate insiders.
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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