Vise Technologies Inc. Purchases New Position in Autoliv, Inc. $ALV

Vise Technologies Inc. bought a new position in Autoliv, Inc. (NYSE:ALV) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 7,609 shares of the auto parts company’s stock, valued at approximately $903,000.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Autoliv by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 180,208 shares of the auto parts company’s stock worth $22,256,000 after purchasing an additional 18,673 shares during the period. Caisse Des Depots ET Consignations bought a new stake in Autoliv during the third quarter worth approximately $1,302,000. Elo Mutual Pension Insurance Co bought a new stake in Autoliv during the third quarter worth approximately $2,198,000. Jupiter Asset Management Ltd. bought a new stake in Autoliv during the third quarter worth approximately $4,294,000. Finally, Artemis Investment Management LLP bought a new stake in Autoliv during the fourth quarter worth approximately $2,075,000. Institutional investors own 69.57% of the company’s stock.

Autoliv Stock Performance

Shares of NYSE ALV opened at $126.48 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $117.66 and its two-hundred day moving average is $118.37. The company has a market cap of $9.47 billion, a P/E ratio of 13.60, a P/E/G ratio of 0.86 and a beta of 1.33. Autoliv, Inc. has a 12 month low of $99.16 and a 12 month high of $132.17.

Autoliv (NYSE:ALV) last issued its quarterly earnings results on Saturday, April 18th. The auto parts company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.84 by $0.21. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.61 billion. Autoliv had a return on equity of 29.03% and a net margin of 6.45%.The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.15 EPS. On average, equities analysts expect that Autoliv, Inc. will post 10.53 EPS for the current year.

Autoliv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, May 20th. Autoliv’s payout ratio is currently 37.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ALV shares. Royal Bank Of Canada upped their target price on Autoliv from $137.00 to $138.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Weiss Ratings cut Autoliv from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company set a $116.00 target price on Autoliv in a research report on Monday, April 20th. Barclays decreased their target price on Autoliv from $140.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Finally, Bank of America assumed coverage on Autoliv in a research report on Thursday, April 16th. They issued a “buy” rating and a $140.00 price target on the stock. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

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.