Beddow Capital Management Inc Lowers stake in Autoliv (ALV)

Autoliv (ALV) : Beddow Capital Management Inc reduced its stake in Autoliv by 3.22% during the most recent quarter end. The investment management company now holds a total of 83,446 shares of Autoliv which is valued at $8,927,888 after selling 2,780 shares in Autoliv , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Autoliv makes up approximately 3.39% of Beddow Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors boosted its stake in ALV in the latest quarter, The investment management firm added 22,780 additional shares and now holds a total of 112,467 shares of Autoliv which is valued at $12,032,844. Tiaa Cref Trust Co Fsbmo sold out all of its stake in ALV during the most recent quarter. The investment firm sold 13,657 shares of ALV which is valued $1,423,469.Hartford Investment Management Co boosted its stake in ALV in the latest quarter, The investment management firm added 73 additional shares and now holds a total of 1,862 shares of Autoliv which is valued at $194,076.

Autoliv opened for trading at $108.14 and hit $108.19 on the upside on Tuesday, eventually ending the session at $106.93, with a gain of 0.65% or 0.69 points. The heightened volatility saw the trading volume jump to 2,68,132 shares. Company has a market cap of $9,433 M.

On the company’s financial health, Autoliv reported $1.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $1.70. The company had revenue of $2578.50 million for the quarter, compared to analysts expectations of $2639.70 million. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS.

Investors should note that on Aug 15, 2016, Autoliv announced a cash dividend of $0.5800. The company’s management has announced Nov 14, 2016 as the ex-dividend date and fixed the record date on Nov 16, 2016. The payable date has been fixed on Dec 1, 2016.

Many Wall Street Analysts have commented on Autoliv. Shares were Reiterated by RBC Capital Mkts on Jul 25, 2016 to “Underperform” and Lowered the Price Target to $ 92 from a previous price target of $95 .Shares were Reiterated by Barclays on Jul 25, 2016 to “Underweight” and Lowered the Price Target to $ 82 from a previous price target of $89 .Autoliv was Initiated by Berenberg to “Hold” on Jun 17, 2016.

Autoliv Inc. is a developer manufacturer and supplier of automotive safety systems to the automotive industry. The Company’s range of product offerings includes passive safety systems and active safety systems. Passive safety systems are primarily meant to improve vehicle safety and include modules and components for passenger and driver-side airbags side-impact airbag protection systems seatbelts steering wheels passive safety electronics whiplash protection systems and child seats and components for such systems. Active safety systems are designed to make driving easier and more comfortable and to intervene before a collision in order to make accidents avoidable or reduce the impact. Active safety products include automotive radars night driving assist camera-based vision systems brake controls and other active safety systems. It has approximately 80 production facilities located in around 27 countries consisting of both component factories and assembly factories.

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