State of Wyoming raised its holdings in shares of Autoliv, Inc. (NYSE:ALV – Free Report) by 154.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,899 shares of the auto parts company’s stock after purchasing an additional 4,189 shares during the quarter. State of Wyoming’s holdings in Autoliv were worth $819,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the business. Bessemer Group Inc. increased its position in shares of Autoliv by 24.8% during the third quarter. Bessemer Group Inc. now owns 448 shares of the auto parts company’s stock valued at $56,000 after buying an additional 89 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Autoliv by 21.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the auto parts company’s stock valued at $66,000 after buying an additional 98 shares during the period. IFP Advisors Inc increased its position in shares of Autoliv by 110.3% during the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after buying an additional 107 shares during the period. Gateway Investment Advisers LLC increased its position in shares of Autoliv by 0.6% during the fourth quarter. Gateway Investment Advisers LLC now owns 29,510 shares of the auto parts company’s stock valued at $3,503,000 after buying an additional 190 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Autoliv by 24.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 997 shares of the auto parts company’s stock valued at $118,000 after buying an additional 194 shares during the period. 69.57% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
ALV has been the topic of several analyst reports. TD Cowen decreased their price target on Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Bank of America initiated coverage on Autoliv in a research report on Thursday, April 16th. They set a “buy” rating and a $140.00 price target on the stock. Jefferies Financial Group cut Autoliv from a “buy” rating to a “hold” rating and decreased their price target for the company from $150.00 to $120.00 in a research report on Tuesday, April 14th. Wells Fargo & Company set a $116.00 price target on Autoliv in a research report on Monday, April 20th. Finally, Robert W. Baird upped their price target on Autoliv from $119.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.00.
Autoliv Trading Up 0.2%
Shares of ALV opened at $130.67 on Friday. The firm’s 50 day simple moving average is $116.27 and its 200 day simple moving average is $118.15. The company has a market capitalization of $9.78 billion, a P/E ratio of 14.05, a P/E/G ratio of 0.87 and a beta of 1.33. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.82. Autoliv, Inc. has a 1-year low of $99.16 and a 1-year high of $132.17.
Autoliv (NYSE:ALV – Get Free Report) last announced its earnings results on Saturday, April 18th. The auto parts company reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.21. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.61 billion. Autoliv had a net margin of 6.45% and a return on equity of 29.03%. Autoliv’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $2.15 earnings per share. Sell-side analysts forecast that Autoliv, Inc. will post 10.53 earnings per share for the current fiscal year.
Autoliv Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Wednesday, May 20th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, May 20th. Autoliv’s dividend payout ratio (DPR) is currently 37.42%.
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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