Pacer Advisors Inc. Acquires 275,612 Shares of Autoliv, Inc. $ALV

Pacer Advisors Inc. increased its holdings in shares of Autoliv, Inc. (NYSE:ALV) by 3,296.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 283,973 shares of the auto parts company’s stock after purchasing an additional 275,612 shares during the quarter. Pacer Advisors Inc.’s holdings in Autoliv were worth $29,863,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ALV. Artemis Investment Management LLP acquired a new position in shares of Autoliv during the 4th quarter worth about $2,075,000. Leuthold Group LLC grew its holdings in shares of Autoliv by 29.2% in the 4th quarter. Leuthold Group LLC now owns 54,579 shares of the auto parts company’s stock valued at $6,479,000 after acquiring an additional 12,340 shares in the last quarter. LSV Asset Management increased its position in shares of Autoliv by 6.5% in the fourth quarter. LSV Asset Management now owns 1,681,609 shares of the auto parts company’s stock valued at $199,607,000 after acquiring an additional 101,922 shares during the last quarter. Arbejdsmarkedets Tillaegspension acquired a new stake in shares of Autoliv in the fourth quarter valued at about $23,782,000. Finally, Dupont Capital Management Corp acquired a new stake in shares of Autoliv in the fourth quarter valued at about $3,875,000. Institutional investors own 69.57% of the company’s stock.

Insider Activity

In other news, Director Jan Carlson sold 19,607 shares of the firm’s stock in a transaction that occurred on 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 sale, the director directly owned 60,000 shares of the company’s stock, valued at $7,800,000. This trade represents a 24.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.34% of the stock is currently owned by insiders.

Autoliv Stock Up 0.6%

Shares of ALV stock opened at $123.86 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03. The firm’s 50-day moving average is $122.12 and its 200-day moving average is $118.43. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 0.98 and a beta of 1.34. Autoliv, Inc. has a 52-week low of $99.16 and a 52-week high of $132.17.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, July 17th. The auto parts company reported $2.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter last year, the business posted $2.21 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts predict that Autoliv, Inc. will post 10.11 EPS for the current year.

Autoliv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Wednesday, May 20th were paid a $0.87 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $3.48 annualized dividend and a yield of 2.8%. Autoliv’s dividend payout ratio is currently 40.99%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ALV shares. Wells Fargo & Company increased their price target on Autoliv from $116.00 to $122.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. Bank of America began 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. Robert W. Baird upped their price objective on Autoliv from $119.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. TD Cowen dropped 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, Jefferies Financial Group raised Autoliv to a “hold” rating in a report on Monday, June 15th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Autoliv currently has a consensus rating of “Moderate Buy” and an average target price of $135.93.

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.