Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Autoliv, Inc. (NYSE:ALV – Free Report) by 49.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 60,750 shares of the auto parts company’s stock after purchasing an additional 20,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Autoliv were worth $7,210,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in shares of Autoliv during the first quarter worth approximately $412,000. NewEdge Advisors LLC lifted its position in shares of Autoliv by 11.2% during the first quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company’s stock worth $287,000 after purchasing an additional 326 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Autoliv by 3,361.1% during the first quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company’s stock worth $937,000 after purchasing an additional 10,285 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Autoliv by 88.5% during the first quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company’s stock worth $16,935,000 after purchasing an additional 89,918 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Autoliv by 5.1% during the second quarter. Cetera Investment Advisers now owns 5,497 shares of the auto parts company’s stock worth $615,000 after purchasing an additional 268 shares in the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently weighed in on ALV. Wall Street Zen lowered shares of Autoliv from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Wells Fargo & Company set a $116.00 price objective on shares of Autoliv in a report on Monday, April 20th. Royal Bank Of Canada increased their price objective on shares of Autoliv from $137.00 to $138.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Robert W. Baird increased their price objective on shares of Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Finally, Bank of America began coverage on shares of Autoliv in a report on Thursday, April 16th. They issued a “buy” rating and a $140.00 price objective on the stock. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.00.
Autoliv Trading Up 0.2%
ALV opened at $130.67 on Friday. Autoliv, Inc. has a twelve month low of $99.16 and a twelve month high of $132.17. The firm has a market cap of $9.78 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.87 and a beta of 1.33. 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 firm’s fifty day moving average is $116.27 and its two-hundred day moving average is $118.15.
Autoliv (NYSE:ALV – Get Free Report) last announced its quarterly 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. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the business earned $2.15 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. Equities research analysts anticipate that Autoliv, Inc. will post 10.53 EPS for the current year.
Autoliv Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Wednesday, May 20th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $3.48 annualized dividend and a dividend yield of 2.7%. Autoliv’s dividend payout ratio is currently 37.42%.
Autoliv 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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