XY Capital Ltd bought a new position in shares of Autoliv, Inc. (NYSE:ALV – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,878 shares of the auto parts company’s stock, valued at approximately $1,291,000. Autoliv makes up 0.8% of XY Capital Ltd’s portfolio, making the stock its 25th largest position.
Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its stake in shares of Autoliv by 24.8% in the 3rd quarter. Bessemer Group Inc. now owns 448 shares of the auto parts company’s stock worth $56,000 after purchasing an additional 89 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Autoliv by 21.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the auto parts company’s stock worth $66,000 after buying an additional 98 shares during the period. IFP Advisors Inc boosted its holdings in Autoliv by 110.3% in 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 during the period. Deutsche Bank AG boosted its holdings in Autoliv by 2.2% in the 4th quarter. Deutsche Bank AG now owns 6,962 shares of the auto parts company’s stock worth $826,000 after buying an additional 153 shares during the period. Finally, Gateway Investment Advisers LLC boosted its holdings in Autoliv by 0.6% in the 4th quarter. Gateway Investment Advisers LLC now owns 29,510 shares of the auto parts company’s stock worth $3,503,000 after buying an additional 190 shares during the period. Hedge funds and other institutional investors own 69.57% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. Jefferies Financial Group downgraded shares of Autoliv from a “buy” rating to a “hold” rating and dropped their target price for the stock from $150.00 to $120.00 in a report on Tuesday, April 14th. Royal Bank Of Canada upped their target price on shares of Autoliv from $137.00 to $138.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Bank of America assumed coverage on shares of Autoliv in a report on Thursday, April 16th. They issued a “buy” rating and a $140.00 target price for the company. Barclays dropped their target price 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. Finally, Weiss Ratings downgraded shares of Autoliv from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Autoliv presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.
Autoliv Stock Up 4.0%
Shares of NYSE ALV opened at $129.06 on Friday. Autoliv, Inc. has a 12-month low of $99.16 and a 12-month high of $132.17. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average price is $118.61 and its 200-day moving average price is $118.54. The stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 0.83 and a beta of 1.33.
Autoliv (NYSE:ALV – Get Free Report) last issued its quarterly earnings data on Saturday, April 18th. The auto parts company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.21. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the business posted $2.15 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts anticipate that Autoliv, Inc. will post 10.53 EPS for the current fiscal year.
Autoliv Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Wednesday, May 20th were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, May 20th. Autoliv’s dividend payout ratio is presently 37.42%.
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.
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