Dimensional Fund Advisors LP raised its holdings in Autoliv, Inc. (NYSE:ALV – Free Report) by 3.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,952,252 shares of the auto parts company’s stock after acquiring an additional 70,424 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Autoliv were worth $205,270,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Artemis Investment Management LLP purchased a new stake in Autoliv during the 4th quarter worth about $2,075,000. SG Americas Securities LLC boosted its stake in shares of Autoliv by 576.9% in the 4th quarter. SG Americas Securities LLC now owns 17,287 shares of the auto parts company’s stock valued at $2,052,000 after buying an additional 14,733 shares during the period. Archford Capital Strategies LLC purchased a new position in shares of Autoliv in the 4th quarter valued at about $1,726,000. Assenagon Asset Management S.A. acquired a new position in shares of Autoliv during the fourth quarter worth about $5,370,000. Finally, Leuthold Group LLC grew its position in shares of Autoliv by 29.2% during the fourth quarter. Leuthold Group LLC now owns 54,579 shares of the auto parts company’s stock worth $6,479,000 after buying an additional 12,340 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.
Analysts Set New Price Targets
ALV has been the topic of several analyst reports. UBS Group raised their target price on shares of Autoliv from $110.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, June 15th. 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 research report on Monday, April 20th. Wall Street Zen lowered shares of Autoliv from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings lowered shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Finally, Barclays lowered their target price on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, March 30th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Autoliv presently has an average rating of “Moderate Buy” and an average price target of $135.93.
Insider Activity at Autoliv
In related news, Director Jan Carlson sold 19,607 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $130.00, for a total value of $2,548,910.00. Following the transaction, the director directly owned 60,000 shares of the company’s stock, valued at $7,800,000. This trade represents a 24.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.34% of the stock is owned by company insiders.
Autoliv Price Performance
ALV stock opened at $117.49 on Friday. The business has a 50 day moving average price of $121.63 and a 200 day moving average price of $118.55. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 0.91 and a beta of 1.35. Autoliv, Inc. has a fifty-two week low of $99.16 and a fifty-two week high of $132.17. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67.
Autoliv (NYSE:ALV – Get Free Report) last announced its quarterly earnings results on Friday, July 17th. The auto parts company reported $2.43 EPS for the quarter, missing the consensus estimate of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the prior year, the company earned $2.21 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Autoliv, Inc. will post 10.11 earnings per share for the current fiscal year.
Autoliv Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Wednesday, May 20th were issued a $0.87 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $3.48 annualized dividend and a dividend yield of 3.0%. Autoliv’s dividend payout ratio is presently 40.99%.
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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