Nomura Holdings Inc. Purchases New Shares in Autoliv, Inc. (NYSE:ALV)

Nomura Holdings Inc. purchased a new stake in shares of Autoliv, Inc. (NYSE:ALV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,614 shares of the auto parts company’s stock, valued at approximately $902,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALV. UMB Bank n.a. grew its position in shares of Autoliv by 139.5% in the fourth quarter. UMB Bank n.a. now owns 273 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 159 shares during the period. AlphaQuest LLC grew its position in shares of Autoliv by 74.4% in the fourth quarter. AlphaQuest LLC now owns 314 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 134 shares during the period. Twin Tree Management LP acquired a new stake in shares of Autoliv in the fourth quarter valued at about $50,000. Physician Wealth Advisors Inc. acquired a new stake in shares of Autoliv in the fourth quarter valued at about $57,000. Finally, Captrust Financial Advisors grew its position in shares of Autoliv by 6.8% in the fourth quarter. Captrust Financial Advisors now owns 2,433 shares of the auto parts company’s stock valued at $228,000 after purchasing an additional 155 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

Autoliv Price Performance

Shares of ALV stock opened at $102.14 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71. The firm’s 50-day moving average is $90.06 and its two-hundred day moving average is $94.34. Autoliv, Inc. has a 12 month low of $75.49 and a 12 month high of $129.38. The company has a market capitalization of $7.90 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36.

Autoliv (NYSE:ALV) last issued its earnings results on Wednesday, April 16th. The auto parts company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.43. Autoliv had a net margin of 6.21% and a return on equity of 28.62%. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm earned $1.58 earnings per share. Analysts predict that Autoliv, Inc. will post 9.51 earnings per share for the current year.

Autoliv Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Wednesday, May 21st. Autoliv’s dividend payout ratio (DPR) is presently 32.22%.

Insiders Place Their Bets

In other news, CFO Fredrik Westin sold 1,803 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $99.19, for a total value of $178,839.57. Following the transaction, the chief financial officer now directly owns 7,261 shares in the company, valued at approximately $720,218.59. This represents a 19.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Magnus Jarlegren sold 1,289 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $98.83, for a total transaction of $127,391.87. Following the completion of the transaction, the insider now owns 6,142 shares in the company, valued at approximately $607,013.86. This represents a 17.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,253 shares of company stock valued at $915,534 over the last ninety days. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

ALV has been the topic of several research analyst reports. Hsbc Global Res lowered shares of Autoliv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Mizuho lifted their target price on shares of Autoliv from $95.00 to $112.00 and gave the company an “outperform” rating in a research report on Friday. TD Cowen initiated coverage on shares of Autoliv in a research report on Friday, March 7th. They issued a “buy” rating and a $116.00 target price on the stock. BNP Paribas Exane raised shares of Autoliv from a “neutral” rating to an “outperform” rating and set a $123.00 price target on the stock in a research note on Friday, May 9th. Finally, Wells Fargo & Company raised their price target on shares of Autoliv from $82.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.29.

Autoliv Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.