Livforsakringsbolaget Skandia Omsesidigt Purchases 6,100 Shares of Autoliv, Inc. $ALV

Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Autoliv, Inc. (NYSE:ALV) by 10.0% in the first quarter, Holdings Channel reports. The firm owned 66,850 shares of the auto parts company’s stock after purchasing an additional 6,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Autoliv were worth $7,028,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ALV. IFP Advisors Inc increased its holdings in shares of Autoliv by 110.3% in the third quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 107 shares during the period. Torren Management LLC bought a new stake in Autoliv during the fourth quarter valued at $25,000. Parkside Financial Bank & Trust boosted its stake in Autoliv by 863.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock valued at $25,000 after buying an additional 190 shares during the period. Quarry LP bought a new stake in Autoliv during the third quarter valued at $36,000. Finally, Johnson Financial Group Inc. purchased a new position in Autoliv during the third quarter worth about $37,000. 69.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ALV. UBS Group upped their target price on Autoliv from $110.00 to $122.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. Bank of America assumed coverage on Autoliv in a research report on Thursday, April 16th. They set a “buy” rating and a $140.00 price target for the company. Weiss Ratings raised Autoliv from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Wells Fargo & Company upped their price objective on shares of Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Finally, TD Cowen lowered their target price on shares of Autoliv from $150.00 to $147.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $135.93.

Insider Activity

In other news, Director Jan Carlson sold 19,607 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $130.00, for a total value of $2,548,910.00. Following the completion of the transaction, the director directly owned 60,000 shares in the company, valued at approximately $7,800,000. This represents a 24.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.34% of the company’s stock.

Autoliv Stock Performance

NYSE ALV opened at $121.33 on Wednesday. Autoliv, Inc. has a 52-week low of $99.16 and a 52-week high of $132.17. The company has a fifty day moving average of $121.73 and a 200-day moving average of $118.57. The company has a market capitalization of $9.08 billion, a P/E ratio of 13.05, a P/E/G ratio of 0.81 and a beta of 1.35. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.82 and a current ratio of 1.08.

Autoliv (NYSE:ALV) last released its earnings results on Saturday, April 18th. The auto parts company reported $2.05 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 analysts’ expectations of $2.61 billion. During the same quarter in the prior year, the firm earned $2.15 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. As a group, equities research analysts predict that Autoliv, Inc. will post 10.52 EPS for the current fiscal year.

Autoliv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Wednesday, May 20th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Wednesday, May 20th. Autoliv’s dividend payout ratio is presently 37.42%.

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.