Morningstar Investment Management LLC Buys Shares of 5,160 Autoliv, Inc. $ALV

Morningstar Investment Management LLC acquired a new stake in Autoliv, Inc. (NYSE:ALVFree Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 5,160 shares of the auto parts company’s stock, valued at approximately $543,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Torren Management LLC acquired a new stake in Autoliv in the fourth quarter worth about $25,000. IFP Advisors Inc raised its position in shares of Autoliv by 110.3% during the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after buying an additional 107 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Autoliv by 863.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock worth $25,000 after buying an additional 190 shares in the last quarter. Quarry LP acquired a new stake in shares of Autoliv in the 3rd quarter worth approximately $36,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Autoliv in the third quarter valued at approximately $37,000. Institutional investors own 69.57% of the company’s stock.

Insiders Place Their Bets

In other Autoliv news, Director Jan Carlson sold 19,607 shares of Autoliv stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $130.00, for a total transaction of $2,548,910.00. Following the transaction, the director directly owned 60,000 shares in the company, valued at approximately $7,800,000. The trade was a 24.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

Autoliv Price Performance

NYSE ALV opened at $117.49 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. Autoliv, Inc. has a 1 year low of $99.16 and a 1 year high of $132.17. The company has a market cap of $8.60 billion, a PE ratio of 13.84, a PEG ratio of 0.93 and a beta of 1.35. The stock’s 50-day moving average price is $121.63 and its two-hundred day moving average price is $118.51.

Autoliv (NYSE:ALVGet Free Report) last released its earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.46 by ($0.03). Autoliv had a return on equity of 29.36% and a net margin of 5.79%.The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period last year, the business earned $2.21 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. On average, analysts predict that Autoliv, Inc. will post 10.11 EPS for the current year.

Autoliv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Wednesday, May 20th were paid a $0.87 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $3.48 dividend on an annualized basis and a yield of 3.0%. Autoliv’s dividend payout ratio (DPR) is currently 40.99%.

Analysts Set New Price Targets

Several research analysts recently weighed in on ALV shares. Wall Street Zen cut Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Barclays cut their price target on shares of Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, March 30th. Wells Fargo & Company raised their price objective on shares of Autoliv from $116.00 to $122.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Weiss Ratings cut shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, July 20th. Finally, Bank of America began coverage on shares of Autoliv in a research note on Thursday, April 16th. They issued a “buy” rating and a $140.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.93.

Read Our Latest Report on Autoliv

Autoliv Company 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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