Navellier & Associates Inc. Makes New $1.97 Million Investment in Autoliv, Inc. $ALV

Navellier & Associates Inc. bought a new stake in Autoliv, Inc. (NYSE:ALV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,918 shares of the auto parts company’s stock, valued at approximately $1,965,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Autoliv during the 2nd quarter worth approximately $573,245,000. Swedbank AB lifted its stake in Autoliv by 14.4% in the fourth quarter. Swedbank AB now owns 2,976,700 shares of the auto parts company’s stock valued at $353,334,000 after purchasing an additional 375,454 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Autoliv by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,562,641 shares of the auto parts company’s stock valued at $304,185,000 after purchasing an additional 28,415 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Autoliv by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,952,252 shares of the auto parts company’s stock valued at $205,270,000 after purchasing an additional 70,424 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Autoliv by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 1,867,396 shares of the auto parts company’s stock valued at $221,660,000 after purchasing an additional 21,221 shares during the period. 69.57% of the stock is owned by institutional investors.

Insider Activity at Autoliv

In other news, Director Jan Carlson sold 19,607 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $130.00, for a total value of $2,548,910.00. Following the transaction, the director owned 60,000 shares of the company’s stock, valued at approximately $7,800,000. This represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.34% of the stock is owned by company insiders.

Autoliv Trading Down 0.6%

Shares of Autoliv stock opened at $122.23 on Friday. Autoliv, Inc. has a 12-month low of $99.16 and a 12-month high of $132.17. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 0.97 and a beta of 1.34. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 0.67. The company’s 50-day moving average price is $120.66 and its 200-day moving average price is $118.05.

Autoliv (NYSE:ALV) last issued its quarterly earnings data on Friday, July 17th. The auto parts company reported $2.43 EPS for the quarter, missing the consensus estimate of $2.46 by ($0.03). The firm had revenue of $2.80 billion for 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 was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.21 EPS. On average, equities analysts expect that Autoliv, Inc. will post 10.04 earnings per share for the current fiscal year.

Autoliv Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 28th. Autoliv’s dividend payout ratio (DPR) is presently 40.99%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ALV. Wall Street Zen lowered Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Jefferies Financial Group upgraded Autoliv to a “hold” rating in a research note on Monday, June 15th. Weiss Ratings lowered Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. TD Cowen lowered their price objective on Autoliv from $150.00 to $148.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, Wells Fargo & Company upped their price objective on shares of Autoliv from $116.00 to $122.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.93.

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.