Legal & General Group Plc reduced its position in Autoliv, Inc. (NYSE:ALV – Free Report) by 19.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,729 shares of the auto parts company’s stock after selling 26,398 shares during the period. Legal & General Group Plc owned about 0.14% of Autoliv worth $12,787,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ALV. Swedbank AB increased its holdings in shares of Autoliv by 14.4% in the 4th quarter. Swedbank AB now owns 2,976,700 shares of the auto parts company’s stock worth $353,334,000 after purchasing an additional 375,454 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Autoliv by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 1,867,396 shares of the auto parts company’s stock valued at $221,660,000 after purchasing an additional 21,221 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Autoliv by 6.5% during the fourth quarter. LSV Asset Management now owns 1,681,609 shares of the auto parts company’s stock valued at $199,607,000 after purchasing an additional 101,922 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Autoliv by 151.7% during the third quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock valued at $114,077,000 after buying an additional 556,651 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Autoliv by 5.6% in the 3rd quarter. Invesco Ltd. now owns 680,874 shares of the auto parts company’s stock worth $84,088,000 after buying an additional 36,056 shares in the last quarter. 69.57% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of Autoliv from $137.00 to $138.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Wall Street Zen downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Barclays cut their price objective on Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, March 30th. TD Cowen dropped their target price on Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Finally, Bank of America initiated coverage on shares of Autoliv in a research report on Thursday, April 16th. They set a “buy” rating and a $140.00 price target for the company. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Autoliv has a consensus rating of “Moderate Buy” and an average target price of $135.00.
Autoliv Trading Up 3.1%
Shares of Autoliv stock opened at $131.68 on Wednesday. Autoliv, Inc. has a fifty-two week low of $99.16 and a fifty-two week high of $132.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.82 and a current ratio of 1.08. The company has a market capitalization of $9.86 billion, a P/E ratio of 14.16, a P/E/G ratio of 0.85 and a beta of 1.33. The company has a fifty day moving average of $114.60 and a 200 day moving average of $117.97.
Autoliv (NYSE:ALV – Get Free Report) last announced its quarterly earnings data on Saturday, April 18th. The auto parts company reported $2.05 EPS for the quarter, beating the consensus estimate of $1.84 by $0.21. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the business earned $2.15 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts anticipate that Autoliv, Inc. will post 10.53 earnings per share for the current fiscal year.
Autoliv Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Wednesday, May 20th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $3.48 dividend on an annualized basis and a yield of 2.6%. Autoliv’s payout ratio is currently 37.42%.
Autoliv Company Profile
Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.
Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.
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