Geode Capital Management LLC Boosts Stock Position in Autoliv, Inc. $ALV

Geode Capital Management LLC increased its position in shares of Autoliv, Inc. (NYSE:ALVFree Report) by 6.7% in the 4th quarter, Holdings Channel reports. The firm owned 1,349,393 shares of the auto parts company’s stock after purchasing an additional 84,668 shares during the period. Geode Capital Management LLC’s holdings in Autoliv were worth $160,206,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. increased its position in shares of Autoliv by 72.0% during the fourth quarter. Hantz Financial Services Inc. now owns 2,126 shares of the auto parts company’s stock worth $252,000 after purchasing an additional 890 shares in the last quarter. Todd Asset Management LLC increased its position in shares of Autoliv by 9.8% during the fourth quarter. Todd Asset Management LLC now owns 39,388 shares of the auto parts company’s stock worth $4,675,000 after purchasing an additional 3,525 shares in the last quarter. Shelter Rock Management LLC purchased a new stake in shares of Autoliv during the fourth quarter worth approximately $797,000. MQS Management LLC purchased a new stake in shares of Autoliv during the fourth quarter worth approximately $230,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Autoliv by 24.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 997 shares of the auto parts company’s stock worth $118,000 after purchasing an additional 194 shares in the last quarter. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Autoliv Stock Down 0.9%

Shares of NYSE:ALV opened at $130.48 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. The business has a fifty day moving average of $115.75 and a two-hundred day moving average of $118.08. The stock has a market cap of $9.77 billion, a P/E ratio of 14.03, a PEG ratio of 0.88 and a beta of 1.33. Autoliv, Inc. has a 52-week low of $99.16 and a 52-week high of $132.17.

Autoliv (NYSE:ALVGet Free Report) last issued its earnings results on Saturday, April 18th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.21. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.15 EPS. On average, research analysts expect that Autoliv, Inc. will post 10.53 earnings per share for the current year.

Autoliv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.7%. The ex-dividend date is Wednesday, May 20th. Autoliv’s dividend payout ratio is presently 37.42%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wall Street Zen cut Autoliv from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. TD Cowen dropped their price target on Autoliv from $150.00 to $147.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Royal Bank Of Canada boosted their price target on Autoliv from $137.00 to $138.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Robert W. Baird boosted their price target on Autoliv from $119.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Finally, Barclays dropped their price target on Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.00.

Read Our Latest Analysis on Autoliv

Autoliv Profile

(Free Report)

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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Institutional Ownership by Quarter for Autoliv (NYSE:ALV)

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