Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Autoliv, Inc. (NYSE:ALV – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 71,750 shares of the auto parts company’s stock, valued at approximately $8,335,000. Livforsakringsbolaget Skandia Omsesidigt owned 0.10% of Autoliv as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of ALV. BlackRock Inc. acquired a new position in shares of Autoliv in the second quarter valued at approximately $573,245,000. Norges Bank acquired a new stake in Autoliv during the 4th quarter worth approximately $125,609,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Autoliv by 127,512.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 579,360 shares of the auto parts company’s stock worth $68,770,000 after purchasing an additional 578,906 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Autoliv during the 2nd quarter worth approximately $65,124,000. Finally, AQR Capital Management LLC boosted its stake in Autoliv by 151.7% in the 3rd quarter. AQR Capital Management LLC now owns 923,700 shares of the auto parts company’s stock valued at $114,077,000 after purchasing an additional 556,651 shares during the period. 69.57% of the stock is currently owned by institutional investors and hedge funds.
Autoliv Price Performance
Autoliv stock opened at $122.23 on Friday. The stock’s fifty day moving average price is $120.66 and its two-hundred day moving average price is $118.05. Autoliv, Inc. has a one year low of $99.16 and a one year high of $132.17. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 0.79. The firm has a market cap of $8.95 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 0.98 and a beta of 1.34.
Autoliv Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 28th. Autoliv’s dividend payout ratio (DPR) is currently 40.99%.
Insider Activity at Autoliv
In other news, Director Jan Carlson sold 19,607 shares of the company’s 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 completion of the sale, the director owned 60,000 shares of the company’s stock, valued at approximately $7,800,000. This represents a 24.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Weiss Ratings cut Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, July 20th. TD Cowen reduced their target price on shares of Autoliv from $150.00 to $148.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Royal Bank Of Canada decreased their price target on shares of Autoliv from $148.00 to $147.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Jefferies Financial Group raised shares of Autoliv to a “hold” rating in a research report on Monday, June 15th. Finally, Wells Fargo & Company lifted their price objective on shares of Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 25th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Autoliv has an average rating of “Moderate Buy” and an average price target of $135.93.
Check Out Our Latest Stock Analysis on Autoliv
About Autoliv
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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