Autoliv, Inc. $ALV Shares Acquired by Empowered Funds LLC

Empowered Funds LLC lifted its stake in Autoliv, Inc. (NYSE:ALV) by 30.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,844 shares of the auto parts company’s stock after purchasing an additional 5,155 shares during the period. Empowered Funds LLC’s holdings in Autoliv were worth $2,297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. IFP Advisors Inc raised its position in Autoliv by 110.3% in the 3rd quarter. IFP Advisors Inc now owns 204 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 107 shares in the last quarter. Torren Management LLC acquired a new position in shares of Autoliv during the fourth quarter worth about $25,000. Parkside Financial Bank & Trust increased its stake in shares of Autoliv by 863.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 212 shares of the auto parts company’s stock worth $25,000 after buying an additional 190 shares during the period. Quarry LP purchased a new stake in shares of Autoliv during the third quarter worth approximately $36,000. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Autoliv during the third quarter worth approximately $37,000. 69.57% of the stock is owned by institutional investors and hedge funds.

Autoliv Trading Down 1.1%

ALV opened at $123.23 on Thursday. The firm has a market cap of $9.03 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 0.99 and a beta of 1.34. Autoliv, Inc. has a 52 week low of $99.16 and a 52 week high of $132.17. The business’s 50 day moving average is $121.94 and its two-hundred day moving average is $118.35. 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 issued its quarterly earnings data on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.46 by ($0.03). The firm had revenue of $2.80 billion during 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 quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.21 EPS. On average, research analysts predict that Autoliv, Inc. will post 10.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of Autoliv to a “hold” rating in a research note on Monday, June 15th. Weiss Ratings downgraded shares of Autoliv from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, July 20th. Wells Fargo & Company lifted 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. Wall Street Zen downgraded shares of Autoliv from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Royal Bank Of Canada dropped their target price on Autoliv from $148.00 to $147.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $135.93.

Insider Activity at Autoliv

In related 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 completion of the sale, the director owned 60,000 shares in the company, valued at $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 is available through the SEC website. 0.34% of the stock is owned by insiders.

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.