The Manufacturers Life Insurance Company purchased a new position in Autoliv, Inc. (NYSE:ALV – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,750 shares of the auto parts company’s stock, valued at approximately $4,037,000.
Other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new position in Autoliv in the 2nd quarter valued at $78,000. Quantbot Technologies LP bought a new stake in Autoliv during the 2nd quarter valued at about $7,221,000. W1M Asset Management Ltd bought a new stake in shares of Autoliv during the second quarter valued at approximately $2,725,000. Callan Family Office LLC purchased a new stake in shares of Autoliv in the second quarter valued at approximately $1,107,000. Finally, Manhattan West Asset Management LLC bought a new position in Autoliv in the second quarter worth approximately $4,110,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on ALV shares. Wells Fargo & Company lifted their target price on 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 lowered shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, July 20th. Wall Street Zen downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. UBS Group boosted their price target on shares of Autoliv from $110.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, June 15th. Finally, Royal Bank Of Canada dropped their price objective 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. Eight research 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.93.
Autoliv Trading Down 1.7%
Shares of NYSE ALV opened at $119.20 on Wednesday. Autoliv, Inc. has a 1-year low of $99.16 and a 1-year high of $132.17. The business has a fifty day moving average price of $120.76 and a 200 day moving average price of $117.92. The stock has a market capitalization of $8.73 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 0.97 and a beta of 1.36. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.03 and a quick ratio of 0.79.
Autoliv (NYSE:ALV – Get Free Report) last posted its earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.46 by ($0.03). The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Autoliv had a net margin of 5.79% and a return on equity of 29.36%. Autoliv’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.21 EPS. Equities research analysts expect that Autoliv, Inc. will post 10.04 EPS for the current fiscal year.
Autoliv Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be given a $0.87 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. Autoliv’s payout ratio is presently 40.99%.
Insider Activity at Autoliv
In related news, Director Jan Carlson sold 19,607 shares of the 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 $7,800,000. This represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.34% of the stock is currently owned by company insiders.
Autoliv Company 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.
Further Reading
- Five stocks we like better than Autoliv
- Dutch Bros Sell-Off Creates a Growth Opportunity
- NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
- Is Abercrombie & Fitch’s Hot Streak Just Getting Started?
- Medtronic’s Stars Are Aligning for a Price Recovery
Receive News & Ratings for Autoliv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autoliv and related companies with MarketBeat.com's FREE daily email newsletter.
