Lazard Asset Management LLC increased its stake in Autoliv, Inc. (NYSE:ALV – Free Report) by 24.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 64,501 shares of the auto parts company’s stock after acquiring an additional 12,551 shares during the period. Lazard Asset Management LLC’s holdings in Autoliv were worth $6,783,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of ALV. Artemis Investment Management LLP purchased a new position in Autoliv in the fourth quarter valued at about $2,075,000. SG Americas Securities LLC lifted its position in shares of Autoliv by 576.9% during the fourth 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 last quarter. Leuthold Group LLC lifted 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 valued at $6,479,000 after buying an additional 12,340 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Autoliv by 6.5% in the 4th quarter. LSV Asset Management now owns 1,681,609 shares of the auto parts company’s stock valued at $199,607,000 after buying an additional 101,922 shares in the last quarter. Finally, Arbejdsmarkedets Tillaegspension purchased a new position in shares of Autoliv in the 4th quarter worth approximately $23,782,000. Institutional investors and hedge funds own 69.57% of the company’s stock.
Autoliv Price Performance
Shares of ALV stock opened at $124.30 on Friday. 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 0.67, a quick ratio of 0.79 and a current ratio of 1.03. The firm has a market capitalization of $9.10 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 0.99 and a beta of 1.35. The stock’s 50-day simple moving average is $122.09 and its 200-day simple moving average is $118.48.
Autoliv Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.87 per share. The ex-dividend date was Wednesday, May 20th. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. Autoliv’s dividend payout ratio is presently 40.99%.
Insider Activity
In other Autoliv news, Director Jan Carlson sold 19,607 shares of the firm’s 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 completion of the transaction, the director owned 60,000 shares of the company’s stock, valued at approximately $7,800,000. This trade represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.34% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on ALV shares. UBS Group boosted their price objective on shares of Autoliv from $110.00 to $122.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. 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 target price for the company. Wall Street Zen lowered shares of Autoliv from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Robert W. Baird upped 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, Weiss Ratings lowered Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Autoliv has an average rating of “Moderate Buy” and a consensus target price of $135.93.
View Our Latest Analysis on ALV
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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