Morningstar Investment Management LLC Makes New Investment in Autoliv, Inc. $ALV

Morningstar Investment Management LLC bought a new stake in shares of Autoliv, Inc. (NYSE:ALV) during the 1st quarter, HoldingsChannel reports. The firm bought 5,160 shares of the auto parts company’s stock, valued at approximately $543,000.

A number of other large investors also recently made changes to their positions in ALV. Integrated Wealth Concepts LLC purchased a new position in Autoliv during the first quarter valued at approximately $412,000. NewEdge Advisors LLC boosted its stake in shares of Autoliv by 11.2% during the 1st quarter. NewEdge Advisors LLC now owns 3,242 shares of the auto parts company’s stock valued at $287,000 after buying an additional 326 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Autoliv by 3,361.1% during the 1st quarter. Jones Financial Companies Lllp now owns 10,591 shares of the auto parts company’s stock valued at $937,000 after acquiring an additional 10,285 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Autoliv by 88.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 191,465 shares of the auto parts company’s stock valued at $16,935,000 after acquiring an additional 89,918 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Autoliv by 5.1% in the second quarter. Cetera Investment Advisers now owns 5,497 shares of the auto parts company’s stock worth $615,000 after acquiring an additional 268 shares during the last quarter. Institutional investors and hedge funds own 69.57% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ALV. Wells Fargo & Company increased their price objective on Autoliv from $116.00 to $122.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. UBS Group boosted their target price on Autoliv from $110.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. Barclays dropped their target price on Autoliv from $140.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, March 30th. TD Cowen cut their price target on Autoliv from $150.00 to $148.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Finally, Wall Street Zen lowered Autoliv from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Autoliv presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.93.

Insiders Place Their Bets

In other Autoliv 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 transaction of $2,548,910.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is owned by corporate insiders.

Autoliv Price Performance

Shares of NYSE:ALV opened at $117.49 on Monday. The business has a 50 day moving average price of $121.63 and a 200 day moving average price of $118.51. Autoliv, Inc. has a twelve month low of $99.16 and a twelve month high of $132.17. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 0.93 and a beta of 1.35. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last released 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 company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.77 billion. Autoliv had a net margin of 5.79% and a return on equity of 29.36%. Autoliv’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.21 earnings per share. Research analysts predict that Autoliv, Inc. will post 10.11 earnings per share for the current year.

Autoliv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Wednesday, May 20th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, May 20th. Autoliv’s dividend payout ratio (DPR) is 40.99%.

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.