Livforsakringsbolaget Skandia Omsesidigt Acquires New Shares in Autoliv, Inc. $ALV

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Autoliv, Inc. (NYSE:ALV) during the second quarter, HoldingsChannel.com reports. The firm bought 71,750 shares of the auto parts company’s stock, valued at approximately $8,335,000.

Several other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. boosted its stake in shares of Autoliv by 11.0% in the 4th quarter. UMB Bank n.a. now owns 825 shares of the auto parts company’s stock valued at $98,000 after purchasing an additional 82 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in Autoliv by 5.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,677 shares of the auto parts company’s stock worth $199,000 after purchasing an additional 83 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake 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 valued at $66,000 after purchasing an additional 98 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in Autoliv by 5.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,037 shares of the auto parts company’s stock valued at $214,000 after buying an additional 99 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Autoliv by 0.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,096 shares of the auto parts company’s stock valued at $1,482,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Insider Activity at Autoliv

In other news, Director Jan Carlson sold 19,607 shares of Autoliv 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 completion of the sale, the director owned 60,000 shares in the company, valued at $7,800,000. The trade was a 24.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ALV has been the subject of a number of recent research reports. Wells Fargo & Company upped their target price on Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. Jefferies Financial Group raised Autoliv to a “hold” rating in a report on Monday, June 15th. Wall Street Zen lowered Autoliv from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. UBS Group lifted their price objective on Autoliv from $110.00 to $122.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. Finally, TD Cowen decreased their target price on shares of Autoliv from $150.00 to $148.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Eight equities 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.93.

Autoliv Stock Performance

ALV stock opened at $122.23 on Friday. The firm has a market cap of $8.95 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 0.98 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 stock has a 50-day moving average price of $120.66 and a 200-day moving average price of $118.05. Autoliv, Inc. has a 1-year low of $99.16 and a 1-year high of $132.17.

Autoliv (NYSE:ALV) last announced its earnings results 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 business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.21 EPS. As a group, equities research analysts expect that Autoliv, Inc. will post 10.04 earnings per share for the current year.

Autoliv Announces Dividend

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

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.