Guggenheim Capital LLC lowered its position in Autoliv, Inc. (NYSE:ALV – Get Rating) by 12.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,747 shares of the auto parts company’s stock after selling 2,160 shares during the period. Guggenheim Capital LLC’s holdings in Autoliv were worth $982,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in Autoliv by 75.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 97,826 shares of the auto parts company’s stock worth $7,001,000 after purchasing an additional 42,019 shares during the period. PGGM Investments acquired a new position in Autoliv in the 3rd quarter worth $1,744,000. Great West Life Assurance Co. Can acquired a new position in shares of Autoliv during the 3rd quarter worth about $862,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Autoliv during the 2nd quarter worth about $3,031,000. Finally, FORA Capital LLC acquired a new position in shares of Autoliv during the 3rd quarter worth about $230,000. Institutional investors own 46.63% of the company’s stock.
Analysts Set New Price Targets
ALV has been the subject of a number of recent research reports. Citigroup increased their price objective on shares of Autoliv from $87.00 to $97.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 7th. Wells Fargo & Company increased their price objective on shares of Autoliv from $81.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, January 30th. Bank of America assumed coverage on shares of Autoliv in a research note on Tuesday, February 21st. They set a “buy” rating and a $130.00 price objective for the company. The Goldman Sachs Group raised their target price on shares of Autoliv from $85.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, January 31st. Finally, Barclays assumed coverage on shares of Autoliv in a research note on Tuesday, February 14th. They issued an “equal weight” rating and a $100.00 target price for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $100.00.
Autoliv Stock Down 1.4 %
Autoliv (NYSE:ALV – Get Rating) last announced its earnings results on Friday, January 27th. The auto parts company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.54 by $0.29. Autoliv had a net margin of 4.80% and a return on equity of 14.84%. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.40 billion. As a group, analysts expect that Autoliv, Inc. will post 6.33 EPS for the current year.
Autoliv Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Wednesday, March 8th will be issued a dividend of $0.66 per share. The ex-dividend date is Tuesday, March 7th. This represents a $2.64 annualized dividend and a dividend yield of 2.81%. Autoliv’s dividend payout ratio is presently 54.32%.
Insider Transactions at Autoliv
In other news, insider Fredrik Westin sold 538 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $89.21, for a total transaction of $47,994.98. Following the transaction, the insider now directly owns 2,638 shares of the company’s stock, valued at $235,335.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Colin Naughton sold 420 shares of Autoliv stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $90.87, for a total value of $38,165.40. Following the transaction, the insider now directly owns 4,809 shares of the company’s stock, valued at $436,993.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Fredrik Westin sold 538 shares of Autoliv stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $89.21, for a total transaction of $47,994.98. Following the completion of the transaction, the insider now directly owns 2,638 shares in the company, valued at $235,335.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,360 shares of company stock valued at $123,008. 0.21% of the stock is currently owned by company insiders.
About Autoliv
Autoliv, Inc engages in the development, manufacture, and supply of automotive safety systems. The firm’s products include passive safety systems, including modules and components for passenger and driver airbags, side airbags, curtain airbags, seatbelts and steering wheels. It also supplies anti-whiplash systems and pedestrian protection systems.
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